Regulations

Hatch Proposes Repeal of ACA Tax on Insurers

By Robert Sheen | January 20, 2015

Sen. Orrin G. Hatch (R-Utah) reintroduced to eliminate the companies enacted through Section 10 the Act.

“This is yet another hidden healthcare arbitrarily created to pay for ,"Hatch said. “Raising taxes means higher costs for patients. Even worse, this also negatively impacts the ability for businesses to hire and grow.”

Section 10 imposes a or fee a carrier’s revenues over $25 million year. Self- and non-profit are exempt.

In 2015 the is estimated to total $11.3 billion, rising to $14.3 billion by 2018. According to the non-partisan , the will total $100 billion between 2013 and 2021.

The bill has 19 co-sponsors, all Republicans. The sponsors the bill did not say how, if the measure is successful, the revenues it would have generated would be replaced. A similar measure was introduced in 2013, when Democrats the Senate; it died in .

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