Majority of House co-sponsors ObamaCare tax repeal

 A Hard Pill to Swallow

Undeterred by President Barack Obama and Senate Democrats resistance to revisit healthcare reform, the House of Representatives is still pushing to make changes to ObamaCare that could help lower insurance premiums and costs for Americans.

The latest effort is legislation sponsored by Rep. Charles Boustany (R-LA) to repeal the tax on health insurance plans, one of the 20 new taxes or tax hikes that were included in ObamaCare. The Hill notes that the legislation, H.R. 763, has received the backing of a majority of the House:

The bill would repeal a new tax on health insurance plans, which is expected to raise roughly $100 billion over the next 10 years. Insurers and small businesses strongly oppose the tax, saying it will drive up premiums.
It’s not especially surprising for a majority of the GOP-led House to support repealing the tax. The House has passed bills to repeal the entire healthcare law and to repeal or defund myriad individual provisions.

Still, hitting 218 cosponsors is a key benchmark for the law’s critics.

“This largely symbolic yet important benchmark for repealing the health insurer fee shows the level of bipartisan support in Congress to do away with this misguided policy,” said Joe Moser, interim executive director of the Medicaid Health Plans of America.

According to GovTrack, the legislation now has 221 co-sponsors, including six House Democrats.

This particular part of the law indicitive of how bad this law is for Americans. Forbes noted back in February that this tax, which begins next year, is “larger than the device tax and the prescription drug tax combined” and “will increase costs for individuals and families purchasing coverage on their own, small businesses, seniors and people with disabilities enrolled in a Medicare Advantage plan, and state Medicaid managed care plans.”

And because the cost of the tax is greater than not complying with the individual mandate, Forbes noted that it will “further incentiviz[e] young, healthy people to forgo purchasing insurance until they need medical care.”

While opponents of ObamaCare would prefer to repeal the entire law and start over on healthcare reform, that just isn’t possible due to the political climate in Washington. Instead, focusing on damaging aspects of the law allows Republicans to make a step-by-step case to Americans.

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