1.7 million small businesses will soon have to face their biggest concern in today’s market: skyrocketing health insurance expenses.
Through Obamacare or the Patient Protection and Affordable Care Act (PPACA), the new Health Insurance Tax (HIT) taxes health insurance companies $68 billion in assessments between 2014 and 2019. To bear the burden of the HIT health insurance companies are forced to raise premiums.
What They’re Saying: Experts and Analysts Agree
Experts, advocates and analysts agree: a health insurance tax will drive up business expenses and hurt the bottom-line budgets of small-business owners and the self-employed: