BMA Letter to Congress on Health Insurance Tax (HIT)
Better Medicare Alliance (BMA) strongly urges continuing the delay of the Health Insurance Tax (HIT) through 2018. Absent immediate Congressional action to delay the health insurance tax (HIT), seniors, small businesses and their employees, and young workers could face a major tax hike — as much as $22 billion — when the HIT returns in 2018.
Congress made the right decision delaying the HIT for 2017, and it is the right decision now heading into 2018. But action must be taken soon. Delay of the HIT in 2018 would prevent disruption in health insurance coverage for millions of Americans, including 19 million Medicare Advantage beneficiaries. It will also provide greater stability for providers and the marketplace at large.