Senate Joint Resolution 8 Summary

• Requests the President, Vice-President, and Congress of the United States eliminate or reform the Patient Protection and Affordable Care Act's health insurance tax and other Affordable Care Act taxes

• Expresses concern that Affordable Care Act taxes disproportionately impact small businesses and consumers, with approximately 98 percent of Oklahoma businesses employing fewer than 100 employees

• Asserts that Congressional reports estimate a 2 to 2.5 percent premium increase by 2016 from the tax, potentially rising to 3.7 percent by 2023, adding $2,800 per individual and $5,000 per family over the next decade

• Warns that escalating insurance premium costs may cause younger, healthier Oklahomans to abandon coverage and result in fewer product options and decreased consumer choice in the fully-insured market

• Directs distribution of the resolution to the President, Vice President, Clerk of the U.S. House of Representatives, and Secretary of the U.S. Senate