Tuesday, October 29, 2013

Broad Support for Repealing the Traditional Reinsurance Fee

The Associated Press reports in "Here's A Tax Increase Republican Lawmakers Support" that:

"Republicans in Congress don't usually fight for tax increases, especially ones that are part of President Barack Obama's health care law.

But GOP senators balked when Democrats proposed delaying a new temporary fee on everyone covered by health insurance.

So employers, insurance companies and other health plan sponsors are in line to pay $63 a person next year for everyone who has coverage. The temporary fee covers all workers, spouses and dependents covered by health insurance...

'It's a sizable expense. For some of my employers it's millions of dollars a year and we don't get anything from it,' said Gretchen Young, senior vice president for health policy at the ERISA Industry Committee, a group that represents large employers on benefits issues. 'It's definitely not solely a union issue.'"

To read more, click here.

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