“By calling for a Health Insurance Tax on Connecticut workers and families, Governor Lamont is going against his promise not to raise taxes this year. Connecticut taxpayers deserve the facts, and Governor Lamont continues to incorrectly assert that an ‘assessment on insurance’ will only create costs for insurers and not increase costs for hard-working Connecticut residents.
The proposed HIT tax will increase costs for any worker, family, or business who purchases coverage through the fully-insured or self-insured marketplaces. This HIT tax will operate exactly the same way the federal HIT tax did – significantly increasing costs for consumers. According to the State of Connecticut’s own Insurance Department, when the federal HIT was repealed in 2019, insurance premiums decreased, and Connecticut residents received direct economic relief.
As Connecticut’s General Assembly finalizes legislative priorities this session, they must recognize the negative implications a HIT tax could have on local communities and oppose this tax on working families.”
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About Stop The HIT: The Stop The HIT Coalition represents the nation’s small business owners, their employees and the self-employed who worked to repeal the Health Insurance Tax. Since the Coalition’s formation in 2011, it has grown to include more than 35 national organizations, representing millions of small business owners across the country.
Additional information may be found at www.stopthehit.com | Twitter: @StopTheHIT | YouTube: https://www.youtube.com/user/StopTheHIT | Blog: http://www.stopthehit.com/blog | Facebook: https://www.facebook.com/StopTheHIT