Health Care Update from NAW
The legislative effort to forestall the scheduled January 1, 2014 implementation of the US$100+ billion (over ten years) health insurance tax enacted in the Affordable Care Act, has recently moved to a new track.
Supporters of legislation to repeal the tax (H.R. 763; S. 603) have concluded that complete repeal this year is not feasible in light of full repeal’s substantial price tag coupled with the limited number of legislative days left in the 113th Congress’ First Session and, thus, before the tax takes hold.
Consequently, bipartisan legislation (H.R. 3367, Small Business and Family Relief Act) has been introduced by Representatives Charles Boustany (R-LA-3) and Ami Bera (D-CA-7) to delay implementation for two years. A two-year delay carries with it the relatively modest price tag of approximately US$15 billion and provides additional time to pursue full repeal, which is estimated to add as much as US$5,000 to a family’s premium costs over the next 10 years.