Health Insurance Tax Repeal Bill Reached 218 House Cosponsors

Monday, May 18, 2015

Legislation in the House of Representatives, H.R. 928, that would repeal the tax on fully-insured health care plans, is now supported by a majority in the lower chamber. There are now 223 cosponsors.

The Health Insurance Tax (HIT) adds over $150 billion in new costs over the next ten years to small employers that purchase plans in the fully-insured market, where nearly 90 percent of small employers buy coverage for their employees. Furthermore, the National Federation for Independent Business (NFIB) estimates that the HIT could cost up to 286,000 jobs and nearly $33 billion in lost sales.

The Stop the HIT Coalition has sent a letter to House Speaker John Boehner (R-OH) and House Majority Leader Kevin McCarthy to bring the legislation to the floor for a vote. NLBMDA is one of 36 organizations that signed on to the letter. Click here to view the letter.

FBMA 5/18/2015

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