The ACA Times


  Show menu
  • Home
  • Articles
  • Get to Know the ACA
  • ACA – Frequently Asked Questions
  • Resources
  • Meet the Editors
  • Trusaic
  • Contact Us
  • Terms of Service
  • Privacy Notice
  
  • Home
  • Legislation
  • Hatch Proposes Repeal of ACA Tax on Insurers

Articles

Hatch Proposes Repeal of ACA Tax on Insurers

January 20, 2015 Robert Sheen Legislation

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 an or fee a carrier’s revenues over $25 million years. Self- and non-profit are exempt.

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

The bill has 19 co-sponsors, all Republicans. The sponsors of 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 controlled the Senate; it died in committee.

We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance. For questions about the ACA contact us here.

Short URL of this page: https://acatimes.com/nhu
Robert Sheen

Robert Sheen

Esq., is editor-in-chief of The ACA Times. He also is founder, president and CEO of Trusaic.

Robert Sheen is Founder and President of Trusaic. Robert is a graduate of the University of Southern California, in Business Administration with an emphasis in International Finance. He earned his Juris Doctor from Loyola Law School, Los Angeles, concentrating in Tax Law.

View more by Robert Sheen
Related Articles EEOC Gears up for the Return of EEO-1 Component 2 Pay Data Reporting EEOC Gears up for the Return of EEO-1 Component 2 Pay Data Reporting
Related Articles Roe v. Wade Decision Signals Loss of Equality Roe v. Wade Decision Signals Loss of Equality
Related Articles California SB 1162 Continues Through State Legislature California SB 1162 Continues Through State Legislature
ACA Essential Guide for Employers 2021
Subscribe

Popular Posts

  • Get to Know the ACA’s Rule of Parity
  • What Employers Need to Know About the California Individual Mandate
  • What you Need to Know About IRS Letter 5699
  • Handling Seasonal Employees and Workers is Critical for ACA Compliance
  • The 2022 ACA 101 Toolkit is Here
  • These Industries are Most at Risk for ACA Penalties From the IRS

Trending Topics

  • Regulations
    (91)
  • Legislation
    (47)
  • Editorials
    (19)
  • ACA Compliance
    (169)
  • Tax Filings
    (19)
  • Applicable Large Employer (ALE)
    (13)
  • Penalties
    (19)
  • IRS
    (86)
  • Health Insurance Marketplace
    (28)
  • Polls/Surveys
    (18)
  • Health Care Reform
    (22)
  • Reporting
    (22)
  • IRS 226J/226-J
    (28)

Categories


Brought to you by Trusaic

 

Twitter Facebook

Downloads

The ACA 101 Toolkit

The Essential Guide to the ACA

Letter 226J Infographic

5 Common ACA Compliance Mistakes

Triangle of Trust

Articles

IRS Affordability Safe Harbors Help Avoid ACA Penalties

Calculating FT and FTE Employees

The ACA Monthly Measurement Method: A Few Examples

The IRS’s 1095 Forms for ACA Explained

Incorrect ITINs Will Cause Havoc With ACA Compliance

Knowledge Center

Get to know the ACA

Get to know Letter 226J

Webinar: What triggers an ACA penalty

Trusaic News

Our Story


FEATURED IN

Human Resources Today
Connected Health Pulse

© 2021 Copyright Trusaic - All Rights reserved.

Close Window

Loading, Please Wait!

This may take a second or two. Loading, Please Wait!