close [X]

New Bill Would Help Rein in Health Insurance Costs

News / FBNews February 2, 2017

A recently introduced bill to help lower health insurance costs for small business owners has the backing of farmers and ranchers. Offered by Reps. Kristi Noem (R-S.D.) and Krysten Sinema (D-Ariz.), the legislation (H.R. 246) would repeal the annual fee on health insurance providers enacted as part of Affordable Care Act.

“The bill addresses one of the major concerns that farmers and ranchers have related to health insurance – cost. The health insurance tax (HIT) has increased health insurance costs for farmers, ranchers and other small businesses by imposing a levy on the net premiums of health insurance companies, which is passed on to consumers. During 2014, $8 billion of excise taxes were levied, and $11 billion were collected in 2015 and 2016 each,” American Farm Bureau Federation President Zippy Duvall said in a letter to House members urging them to support the bill.

While a one-year moratorium on the tax is in effect for 2017, the HIT, which increases year-over-year, will be back in 2018. “Providing one year of relief from the HIT was a welcome and critical first step, but Americans need the certainty of a full repeal,” Duvall said.

AFBF is encouraging farmers and ranchers to ask their representatives to support H.R. 246. Send an email message from the FB Advocacy site.

Share This Article

 

The Agricultural Relations Council recently presented the American Farm Bureau Federation with first-place Golden ARC Awards for our Farm Town Strong campaign and FBNews e-newsletter, and the American Farm Bureau Foundation for Agriculture won a merit award for Food and Farm Facts Junior in ARC’s single-issue publication category.

Full Article
Credit: Photo by Cytis/ CC0 

The House Ways and Means Committee on June 20 passed a measure (H.R. 3301) extending expired tax incentives for biodiesel, renewable energy and short line railroads.

Full Article