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.

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Nichole Morford

Nichole Morford
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