Utah business groups are pushing to repeal a tax on health insurance companies that they say will get passed on to small businesses, but even the bill’s co-sponsor, Rep. Mia Love, says getting the law changed may be unlikely.
Under a provision of the Affordable Care Act (ACA), popularly known as Obamacare, which took effect last year, health insurance companies are required to pay a new tax of about $11.3 billion this year.
Big, self-insured companies won’t be affected, so it is smaller businesses — and, as a result, their workers — that will end up paying the tax, said David Davis, president of the Utah Retail Merchants Association.
Visit The Salt Lake Tribune for the full story here.