FL H1105

Urges Congress to repeal the health insurance tax provisions in sections 9010 and 10905 of the Patient Protection and Affordable Care Act and section 1406 of the Health Care and Education Reconciliation Act.

States the health insurance tax could increase Florida working family health care premiums by $4,881 to $7,767 over a ten-year period.

Claims the tax will reduce private-sector jobs nationwide by 125,000 (59 percent from small businesses) and reduce potential sales by at least $18 billion over the next decade.

Notes Florida ranks in the top five states for highest impact on Medicare Advantage beneficiaries between 2014 and 2023, with estimated ten-year impact of $4,181 per person.

Identifies estimated Medicaid cost of the health insurance tax at $31.6 million, with $13.1 million coming from state funds for the 2013-2014 year.