Health insurance tax backfires on small businesses and employees

Farmers and small business owners nationwide are speaking up against the Health Insurance Tax (HIT), which will be levied on health insurance companies’ net premiums as part of the Patient Protection and Affordable Care Act. Dean Norton, New York Farm Bureau President and AFBF board member, says the HIT tax will limit employers’ options for providing health insurance while burdening employees, who will pay more out-of-pocket expenses. AFBF’s Miranda McDaniel reports.

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