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Capitol Implementation of the health insurance tax has already been suspended for 2019; the new measure would extend that suspension for 2020 and 2021. (Photo: Shutterstock)

It’s not likely to become law, but the House has passed a bill to delay the Affordable Care Act’s health insurance tax and to expand health savings accounts.

The bill, according to The Hill, is aimed at protecting Republicans against attacks by Democrats on increases in ACA premiums—something that’s anticipated to take up quite a bit of air time in weeks to come as midterms approach. Republicans, and a few Democrats, have been strong critics of the tax for increasing premiums.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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