*This article was originally published in The Hill *
How much does it cost to rebrand a fee levied on health insurers as a “HIT on small business”?
Well, $1.593 million, according to this exposé in the New York Times a few days ago.
A little background: a provision of the Affordable Care Act levies a fee on health insurance companies. This fee helps to fund the law’s sliding scale premium assistance for individuals, as well as tax credits for small businesses to make health insurance more affordable. It’s expected to cost the insurance industry $100 billion over the first decade.
The New York Times investigation reveals that in 2012, the insurance industry trade group America’s Health Insurance Plans (AHIP) funneled $1.593 million to the National Federation of Independent Business (NFIB) – the self-proclaimed “Voice of Small Business” – doubling down on an $850,000 dark money contribution the year before. Read more