Health insurance tax faces challenge
The health insurance industry and business allies are stepping up their campaign to repeal another new Obamacare tax this fall — one that they argue will hit consumers smack in the health care part of their wallet. As Congress returns from recess, expect to hear more about the health insurance tax, or HIT, as it's known, a levy in the health care law to raise $116 billion through 2023. That money, in turn, is supposed to help finance expanded coverage. America's Health Insurance Plans, the U.S. Chamber of Commerce, an insurance brokers association and other groups launched a digital advertising and social media campaign last month to stir opposition to the tax, especially in states of the lawmakers who might do something about it.
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