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Man handing over money Insurers argue that the health insurance tax that would require them to pay more than $260 billion to the government over 10 years, compelling them to raise premiums. (Photo: Shutterstock)

House Democrats and Republicans have teamed up on a bill that would postpone the health insurance tax from taking effect until after 2021. Joining them are representatives Ami Bera, D-CA, Josh Gottheimer, D-NJ, Jackie Walorski, R-IN and Kenny Marchant, R-TX, who have cosponsored a bill similar to a bipartisan effort in the Senate to do the same thing—put off the $16 billion tax on health insurance companies.

Marlene Satter

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

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