America’s Health Insurance Plans (AHIP) and other insurance groups are not listed on the website of the Stop the HIT Coalition.
Members of the Stop the HIT Coalition, Washington, want to repeal Section 9010 of the Patient Protection and Affordable Care Act of 2010 (PPACA).
PPACA Section 9010 would impose a tax on health insurers that would start at $8 billion in 2014 and increase to about $14 billion by 2018, according to the Congressional Budget Office.
Supporters of the tax say that it would raise much needed revenue, and that the insurers paying the tax will be benefiting from PPACA sections that should prod many more individuals and employers to start buying health coverage starting in 2014.
The backers of the Stop the HIT Coalition, including groups such as the U.S. Chamber of Commerce, Washington, and the National Association of Manufacturers, Washington, say the tax would affect small businesses and self-employed people much more than it would affect large employers, because it affects only the market for health insurance sold by health insurers, not the self-funded plans used by many large employers.
Insurers would pass the cost of the tax on to employers, and employers would pass that cost on to workers, the coalition says.
If employers pass the full cost on to workers, the result would be a $500-per-year reduction in take-home pay for an affected small business employee with family coverage, the coalition estimates in a press release announcing support for a PPACA Section 9010 repeal measure, S. 1880, the Jobs and Premium Protection Act bill.
Sen. John Barrasso, R-Wyo., is the lead sponsor. The initial cosponsors are Sens. Orrin Hatch, R-Utah, and Olympia Snowe, R-Maine,
The Stop the HIT Coalition also is supporting H.R. 1370, a House PPACA Section 9010 repeal bill that was introduced by Rep. Charles Boustany, R-La. That bill has 78 cosponsors.