May 29, 2018
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Legislation introduced to suspend health insurer tax for 2020

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On May 25, 2018 legislation was introduced in the United States House of Representatives to suspend the annual fee on health insurance providers implemented by the Affordable Care Act (ACA) for 2020.  HR. 5963 was introduced by Reps. Kristi Noem (R-SD), Jackie Walorski (R-IN), Kyrsten Sinema (D-AZ), and Ami Bera (D-CA).  Section 9010 of the Affordable Care Act imposed a fee on covered entities “engaged in the business of providing health insurance”.  Insurers estimate that suspending the tax would reduce premiums by 3 percent in 2020.  Insurers have long advocated the repeal of this provision, arguing it raises premiums for all consumers.  Since being implemented in 2014 the fee has twice been suspended by Congress.  The Consolidated Appropriations Act of 2016 suspended collection for the 2017 tax year and the January 22, 2018 continuing resolution suspended collection for the 2019 tax year.

The post Legislation introduced to suspend health insurer tax for 2020 appeared first on Health Law Pulse.



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