The hits keep on coming with the new health insurance law. This time, it’s the health insurance tax or H.I.T.
The government needs money to help pay for the health plans it promised for Americans, so it wants to raise $100 billion by taxing health policies that insurance companies sell to your employer. But, insurance companies only make $0.03 to $0.04 for every $1.00 in the first place.
So, to obey the law and keep that $0.03 or $0.04, they’ll have to raise prices on health plans offered to your boss who may then be forced to pass some of that cost on to you and your family.