WASHINGTON, District of Columbia – Senator Roy Blunt from Missouri yesterday cosponsored the Healthcare Tax Relief Act, which would delay Obamacare’s “Health Insurance Tax” for one year.
“Under Obamacare, Missouri families have seen their premiums skyrocket, on average, 145 percent since 2013,” said Blunt. “With premiums expected to increase by double digits next year, the last thing families can afford is an Obamacare tax that will drive costs up even further. This bill is one step we can take to provide relief for hardworking Missourians, while we continue working to advance solutions that will bring down costs and expand access to quality, affordable health care.”
According to policy think tank American Action Forum, if implemented, the Health Insurance Tax would increase premiums as much as $5,000 over a decade. It would also directly impact approximately 11 million households that purchase insurance through the individual market and another 23 million households that have insurance through their employer.
The bill was introduced by Senator Cory Gardner (Colo.) and cosponsored by Senators Jim Inhofe (Okla.), Tom Cotton (Ark.), Ron Johnson (Wisc.), Rob Portman (Ohio), Jeff Flake (Ariz.), John Barrasso (Wyo.), Ted Cruz (Texas), Dean Heller (Nev.), and Tim Scott (S.C.).