At AHIP’s annual State Issues Conference, Ms. Ignagni called the tax “one of the largest and more important barriers” to healthcare affordability, according to the report. Under the healthcare reform law, health insurers must pay the excise tax or annual fee starting in 2014.
The tax will result in an estimated $15 billion in fiscal years 2014 and 2015. AHIP has pushed to repeal the tax, saying the revenue could come from lower-than-expected health insurance premium increases and delivery reforms instead.
More Articles on Health Insurers:
Few Exchange Options Could Lead to Insurance Rate Increases, Experts Say
Health Insurers Cancel Thousands of Individual Policies Under PPACA
HHS: Average Health Insurance Exchange Premium 16% Lower Than Expected
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
