The Patient Protection and Affordable Care Act (PPACA), enacted
by Congress in 2010 as President Obama's signature legislative
achievement, remains highly controversial and has significant
implications for employers, including roofing contractors, as well
as the U.S. economy. As such, NRCA continues working on PPACA-related
issues in the regulatory and legislative arenas.
One area of focus is developing support within Congress for
legislation to repeal the new health insurance tax (HIT) created by
PPACA. This tax is one of the law's more egregious provisions from
the perspective of small and mid-sized businesses and one of the
many reasons NRCA strongly opposed PPACA before its enactment.
Beginning in 2014, the HIT will be levied on premiums paid to
health insurance companies operating in the group and individual
insurance markets based on the companies' market shares. But health
insurance companies won't pay the tax; instead, the tax will be
passed on to the customers of health insurance
companies—small businesses and self-employed individuals who
purchase fully insured health care plans. The tax will not affect
large corporations that self-fund health care benefits for their
employees because they don't purchase coverage in...
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