Urging Congress to repeal the health insurance tax.
The resolution underscores the potential economic consequences of the health insurance tax, stating that it could lead to billions in additional costs for the State of Texas and impede job creation. The projected increased premiums could discourage individuals, especially younger and healthier ones, from purchasing health insurance, which in effect could lower the risk pool and exacerbate costs in medical care overall. This could have broader implications for state health initiatives and costs as uninsured rates rise and Medicaid beneficiaries face higher financial pressures.
HCR89 is a concurrent resolution that urges the United States Congress to repeal the health insurance tax imposed by Sections 9010 and 10905 of the Patient Protection and Affordable Care Act, along with Section 1406 of the Health Care and Education Reconciliation Act. The resolution argues that this tax adversely affects working individuals, families, small businesses, and senior citizens by significantly increasing health insurance premiums. Specifically, the resolution cites projected national and state averages for premium increases over a 10-year period, highlighting a burden that could lead to reduced insurance affordability and possible coverage disruptions for many Texans.
The sentiment surrounding HCR89 appears primarily supportive, as it seeks to alleviate the financial burden on Texans and promote more affordable health insurance options. Advocates of the resolution likely see it as a necessary measure to safeguard the interests of vulnerable populations who are disproportionately affected by rising healthcare costs. However, there is an underlying tension as opponents of the Affordable Care Act may perceive this resolution as an erosion of the federal framework meant to ensure broader access to healthcare.
While HCR89 itself does not amend existing state laws, it signals a clear opposition to the federal health insurance tax and its implications for both individuals and businesses in Texas. The contention lies in the political and economic arguments surrounding healthcare reform and how the repeal of such taxes aligns with broader policy goals in Texas. As health care financing often involves complex interrelations between state priorities and federal mandates, the resolution could be viewed as an important advocacy tool for shaping future healthcare policy.