DC Will Tax Non-Participating Insurers To Pay For Obamacare Exchange

“Washington, D.C. will tax all insurers selling policies to district residents to fund the city’s Obamacare exchange.  The plan was proposed by DC Health Link, D.C.’s exchange. The city’s health care law marketplace was allotted $133 million in federal grants to launch, but was expected to be sustainable via a flat tax placed on each insurance plan sold through the marketplace.  When taxing those buying insurance didn’t turn out to be as lucrative as Congress had hoped, D.C. began to look at taxing those selling insurance instead. The exchange reportedly opted to tax all insurers, including those who deliberately chose to stay out of the risky Obamacare exchange, to lower the cost per-insurance company.”

http://dailycaller.com/2014/05/07/dc-will-tax-all-insurers-to-pay-for-obamacare-exchange/

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