The reimposition of an annual fee on health insurance providers might cost an additional $500 per family.
Indian American Rep. Ami Bera, D-California, is playing a crucial rule to ensure that families do not have to shell out another nearly $500 a year in health insurance tax next year.
Bera, a physician by training, is leading a bi-partisan effort to delay the reimposition of an annual fee on health insurance providers until after 2021. He and other sponsors of the bill believe that, if implemented, the legislation could put families in further financial stress where they would have to fork out close to $500 a year.
H.R. 1398, the Health Insurance Relief Act, was introduced by Reps. Bera, Josh Gottheimer, D-NJ, Jackie Walorski, R-Indiana, and Kenny Marchant, R-TX, on February 27. The main aim of this bill is to stop the Affordable Care Act’s Health Insurance Tax from going into effect, after 2021 and help the consumers save hundreds of dollars.
The bill has been referred to the Committee on Ways and Means, and the Committee on Energy and Commerce.
It the health insurance tax kicks in, it could increase the premiums by $470 per family in 2020. The tax would also hit seniors and those who are fighting disabilities, and hence needs to be stopped, Bera said.
“Failing to pass this bill, which would ensure the Health Insurance Tax is delayed for another two years, would cause millions of American families to see higher health insurance premiums,” he said. “In a time of rising premiums and health care costs, preventing the health insurance tax from adding to those costs is necessary as we work to stabilize the insurance markets and lower health care costs. We should pass this bill today.”
The sponsors of the bill believe that it is essential to stop the bill as people are already bearing enough taxes.