A major revenue source for the Patient Protection and Affordable Care Act may be about to go bye-bye.

Bipartisan legislation to repeal the law's health insurance tax hit a tipping point in the U.S. House of Representatives when supporters of the repeal said they had reached a majority with 218 backers. 

HIT has not been a hit even among the PPACA's champions. While the repeal effort was launched by Republicans, the HIT repeal House legislation was introduced by the bipartisan team of U.S. Rep. Charles Boustany (R-La.) and U.S. Rep. Kyrsten Sinema (D-Ariz.).

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.