Tag: Health Insurance Tax

What They Are Saying: Repeal of the HIT continues to garner support

Across the country, members of Congress are joining business leaders and small business owners in expressing concern about the health insurance tax and its massive impact. See what’s being said. Continue reading

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What They Are Saying: Repeal the HIT

Efforts to repeal the health insurance tax hit an important milestone today. Bipartisan HIT repeal legislation spearheaded by Reps. Charles Boustany (LA) and Kyrsten Sinema (AZ) now has 218 cosponsors. Reaching the number needed for House passage shows the growing support in Congress to protect the small business community and consumers from increased health care costs due to this onerous tax. Continue reading

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Cost Drivers Undermine Affordable Care

Health care costs are on the rise – and we know why. Three major factors continuously undermine affordable care: soaring prescription drug prices, provider consolidation and the health insurance tax (HIT). Continue reading

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The HIT makes tax time worse

The health insurance tax is estimated to add more than $170 to the cost of coverage for an individual purchasing insurance on his own. That more than cancels out the average $125 middle-class Americans put away for retirement each month. Continue reading

Posted in: Issue Alert

The Health Insurance Tax and its Massive Impact

The Affordable Care Act (ACA) enacted a number of new taxes, but one hits the small business community harder than others: the health insurance tax (HIT). Continue reading

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Bipartisan Support Grows for Repealing the ACA’s Burdensome Health Insurance Tax

There is growing recognition among a bipartisan group of members of Congress as well as business leaders that the health insurance tax hurts consumers and should be repealed. Continue reading

Posted in: What They Are Saying

What They Are Saying About The HIT

The Health Insurance Tax (HIT) is expected to reach $145 billion over the next 10 years and evidence shows this tax will largely impact consumers in the form of higher premiums and higher costs for employers and families. Continue reading

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On the Horizon: A Decision About Medicare Advantage Funding

As the political landscape changes in Washington, The Washington Post’s Wonkblog notes that Medicare Advantage and the 15 million Americans who rely on the program could find additional support among the newly elected members of Congress. But the Wonkblog article also serves to remind us that harmful cuts to Medicare Advantage are still scheduled in the coming years. Continue reading

Posted in: Issue Alert

Small Business Owners Speak Out Against the HIT

This year alone, the health insurance tax (HIT) is expected to total roughly $8 billion, undermining the goal of affordability by increasing the cost of coverage for individuals, small businesses, seniors enrolled in Medicare Advantage, and states that rely on Medicaid health plans to provide high-quality care. In particular, small business owners across the country have expressed concern about the HIT and how it will affect their businesses and employees. Continue reading

Posted in: Health Care Costs, Issue Alert

The HIT ripple effect

The health insurance tax (HIT) is a bad idea. That’s something we’ve been saying for a long time and it bears updating: It’s a bad idea that makes no public policy sense, as said in a Kaiser Health News article yesterday. Continue reading

Posted in: Issue Alert