Updates to the print version as Amended by the 2010 Health Care Reconciliation Act.
These updates reflect changes made by the Congressional Joint Committee on Taxation (JCT) on May 4, 2010 to its previously issued technical explanation of the revenue provisions of the 2010 Health Care Act.

The Complete Analysis includes:

• Tax changes related to the new health reform law's mandate for most residents of the U.S. to obtain health insurance. These include new penalties for individuals who choose to remain uninsured, tax credits and other sweeteners for participating in new insurance coverage, new penalties for many employers that don't provide insurance (or provide coverage deemed inadequate or unaffordable), plus a voucher system for certain lower income employees who choose not to be covered by the company health plan. Additionally, the definition of who is a dependent for employer health plan (and other purposes) has been expanded.
• New taxes, rules and penalties related to health care. These include a surtax on “Cadillac” employer health plans, higher HI taxes on wages (plus an “unearned income Medicare contribution” surtax), tougher limits on medical expense deductions, and a new limit on health FSA contributions under cafeteria plans.
• New industry specific revenue raisers and toughened rules, such as a new executive compensation deduction limit for insurance providers, and annual fees for pharmaceutical companies, manufacturers and importers of medical devices, and health insurance providers.
• New revenue raisers having no connection to health-related topics, such as codification of the economic substance doctrine and imposition of related penalties, new rules requiring information reporting, elimination of a credit for “black liquor,” and estimated tax changes for large corporations.
• Brand-new tax breaks, such as a “simple” cafeteria plan option for small businesses, liberalized adoption credit and adoption assistance rules, a new tax credit to stimulate new therapies, and a new exclusion for certain health professionals.
• In addition, the Complete Analysis provides practical guidance, planning strategies and tips on how to avoid pitfalls created by the new law. It also includes the Code & ERISA sections as amended, along with the applicable Committee Reports, sample client letters, finding tables and a comprehensive index for easy navigation.