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Lawmakers, health care union call for out-of-state insurance profit tax

By Spectrum News  
   May 12, 2022

State lawmakers in New York along with a prominent health care union on Monday called for a 9.3% tax on insurance companies that move their profits out of state, with the revenue going to fund distressed health providers and boost frontline care. The tax proposal, however, is opposed by business organizations and health insurers as hurtful to the state's economy and constitutionally questionable. 

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