Measure to repeal tax on premiums garners support in the House
Posted on September 24, 2012 | No Comments
Representative Charles W. Boustany’s H.R. 1370, a measure to repeal the Affordable Care Act’s (ACA’s) tax on health insurance premiums, has garnered enough co-sponsors to pass through the House chamber. The elimination of this tax, which is estimated to cost around $87 billion over 10 years, is supported by insurers and the National Federation of Independent Business (NFIB). The tax applies to group and individual plans but exempts self-insured entities. According to STOP The HIT, a coalition of associations working to repeal the tax, H.R. 1370 now has 221 co-sponsors.
- Fully repeal the ACA
- Allow the purchasing of insurance across state borders
- Permit small businesses to pool together to increase their "buying power"
- Reform medical malpractice laws
- Increase access to health savings accounts (HSA)
- Strengthen state-based high risk pools to help protect individuals with pre-existing conditions from coverage discrimination
- Ensure that no federal funds are used for abortions