A bipartisan group of House lawmakers on Thursday moved to delay the health insurance tax for another year, triggering the next round of work to curb the Affordable Care Act’s taxes on the industry.
While the lawmakers aren’t proposing an all-out repeal of the tax, the measure would be the third delay of the assessment. Reps. Kristi Noem (R-S.D.) and Jackie Walorski (R-Ind.) co-sponsored the bill along with Reps. Kyrsten Sinema (D-Ariz.) and Ami Bera (D-Calif.).
Insurers have to pay the tax for 2018, though it was suspended in 2017 and Congress passed another moratorium for 2019. Insurers estimate it will cost them $14.3 billion this year.
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