Filed Under:Markets, Employee Benefits

Actuary: PPACA fee could increase plan premiums 3.7%

Rep. Marsha Blackburn, R-Tenn. (Photo courtesy of Blackburn's office)
Rep. Marsha Blackburn, R-Tenn. (Photo courtesy of Blackburn's office)

Republicans on the House Energy & Commerce health subcommittee today tried to move the focus of Patient Protection and Affordable Care Act (PPACA) discussions toward the nuts and bolts of implementation.

Wendell Potter, a former Cigna Corp. (NYSE:CI) executive who supports PPACA, talked at a subcommittee hearing on PPACA costs about how PPACA might have helped the family of Leslie Elder, a woman who faced bankruptcy and foreclosure because of a combination of Hodgkin's lymphoma and an inability to qualify for health insurance.

The total tax revenue is supposed to start at $8 billion in 2014 and rise to about $14 billion in 2018.

"We estimate that the impact of these taxes will be to increase premium  rates by 1.9% to 2.3% in 2014, and by 2.8% and 3.7% in years 2018 and later," Carlson said.

Featured Video

Most Recent Videos

Prospects not listening to voice mail? Arrange a phone date


Redesigning your phone life is more important than finding the “best words” for a voice mail in today’s culture.

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.