News

Affordable Care Act’s Health Insurance Tax (HIT)

Jan 3
2020

The Texas Restaurant Association strongly advocated for the full repeal of the Affordable Care Act’s Health Insurance Tax (HIT) in the recently concluded Congressional session. We are proud to report that the HIT tax was finally repealed which will save Texas companies over $5.5 million in premiums and individuals over $2.1 million in premiums over the coming years. Without the repeal of the HIT tax, Texas restaurants, small and large, would have continued to see their health insurance premiums rise. The HIT tax was a yearly fee imposed on insurance companies as part of the ACA passed in 2014. The fee was routinely passed along to consumers and businesses which drove up the price of health insurance premiums.

Your advocacy and interest in this issue helped us to advocate on your behalf and for the restaurant industry.

Comments

Add new comment

Use your first and last name as your username.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
9 + 6 =
More information?

* indicates a required field.