Dan Mangan is a reporter covering health care and other issues for CNBC.com.
Mangan has been a journalist for more than 20 years, most recently as a general assignment/rewrite reporter at the New York Post. In his more than dozen years at The Post, Mangan routinely covered major stories, including the 9/11 terror attacks, the Bernard Madoff Ponzi scheme, the 2008 financial meltdown and a slew of juicy Gotham scandals du jour, among them the personal tribulations of Yankee slugger Alex Rodriguez.
Prior to that, Mangan began his career in his native Connecticut, writing obituaries for The Hour of Norwalk, before moving on to cover business, government and the court systems at The Hour, the Fairfield County Business Journal and The Advocate of Stamford.
Currently under Obamacare, insurers can deduct only up to $500,000 of executive compensation on their taxes.
The bill by GOP leaders to repeal and replace much of the Affordable Care Act faces strong headwinds from conservative lawmakers.
The GOP's plan would kill the requirement the most people have health insurance or pay a fine, which could lead to an exodus of customers.
Republican plans to repeal and replace the Affordable Care Act risk being derailed by conservatives opposed to a new bill.
Obamacare currently caps at $500,000 the amount of an executive's compensation that an insurer can deduct as a business expense.
S&P Global Ratings estimates that up to 4 million individual health plan customers and 6 million Medicaid enrollees could lose coverage.
Health insurers would be allowed to deduct their executives' salaries from their taxes, and not just the first $500,000.
Republicans have waited years to get a real chance to repeal the Affordable Care Act.
Republicans have their first real chance to kill Obamacare with the election of President Donald Trump.