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Shaheen introduces bill that would delay health insurance tax

from My Champlain Valley

Sen. Jeanne Shaheen and a bipartisan group of lawmakers has introduced legislation that would delay the Health Insurance Tax, or HIT, for two years. The tax is a fee to health insurers that increases premiums on everyone from seniors to small businesses. America's Health Insurance Plans estimates the HIT tax would levy $16 billion in fees on health insurers. Shaheen said the tax will increase premiums by 2.2 percent, or about by $162 per person in New Hampshire's individual market, and $441 per family in the small-group market. more

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