The tax or health insurance provider fee applies to entities with aggregate net premiums of more than $25 million starting next year. Government entities, self-insured businesses and nonprofit organizations that receive at least 80 percent of their revenue from government programs are exempt from paying the fee, according to the final regulations.
Lawmakers and insurance industry representatives have urged federal officials to delay the fee, saying health insurance markets need time to stabilize before the tax takes effect. Earlier this year, Reps. Charles Boustany, MD, (R-La.) and Amy Bera (D-Calif.) introduced legislation to delay the fee’s implementation by two years. America’s Health Insurance Plans CEO Karen Ignagni has also called for a two-year delay, saying the tax is “one of the largest and more important barriers” to healthcare affordability.
More Articles on PPACA Implementation:
Bipartisan Bill Would Delay PPACA Tax for Health Insurers
AHIP Leader Advocates for Delaying PPACA Health Insurance Tax
Fitch: Political Bickering Over PPACA Only Hurts Healthcare Industry
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
