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Trump And Pelosi Bring $15B Gift To Health Insurers

December 23, 2019

Via: Forbes

The end of a health insurance fee will eliminate more than $15 billion in taxes that were expected to be levied on insurers including big players like Anthem, Cigna, Humana and UnitedHealth Group.

The end of the so-called “HIF” is an election-year gift to the health insurance industry, which has for years been fighting to put off or get Congress and the White House to repeal the fee, which was part of the Affordable Care Act.

The HIF was estimated to cost health insurers $15 billion or more in taxes for 2020, according to some studies. And would cost much more if it hadn’t been repealed.

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