Healthcare Insurance Windfall Profit Fee
Italian translation: Tassa sui profitti / sugli utili straordinari / eccezionali delle compagnie assicurative sanitarie
| 00:43 Jan 17, 2018 |
| English to Italian translations [PRO] Government / Politics / dichiarazione | |||||||
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|  Selected response from: R. R. Italy Local time: 04:20 | ||||||
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| 4 +1 | Tassa sui profitti / sugli utili straordinari / eccezionali delle compagnie assicurative sanitarie |
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Answers
1 hr confidence: 
peer agreement (net): +1
peer agreement (net): +1| healthcare insurance windfall profit fee Tassa sui profitti / sugli utili straordinari / eccezionali delle compagnie assicurative sanitarie Explanation: Tassa sui profitti / sugli utili straordinari / eccezionali realizzati dalle compagnie assicurative sanitarie Health insurers continue to lobby for repealing or suspending the fee on health insurance providers — also known as the health insurance tax, enacted to help pay for health reform — before the end of the year. Policymakers suspended the tax for 2017, but the industry is pushing to suspend it again or repeal it, claiming it would help make coverage more affordable. But that would be a very inefficient approach, and other policies would do much more to limit premiums in the individual insurance market, where premiums have risen the most. Moreover, suspending the tax for another year or two would provide a massive windfall to insurers, with little or no benefit for individual market consumers. The health insurance tax is an annual fee on most businesses that sell private health coverage to individuals and employers, as well as most insurers that provide coverage through Medicare Advantage, Medicare Part D, Medicaid managed care, or the Federal Employees Health Benefits Program. The fee is similar to an excise tax on the sale of health insurance contracts. The law specifies how much the fee will rise each year; this total is apportioned among providers based on their share of health insurance premiums collected during the previous year... https://www.cbpp.org/blog/delaying-health-insurance-tax-woul... Profits are booming at health insurance companies The largest health insurance companies in the United States reaped historically large profits in the first quarter of this year, despite all the noise surrounding the Affordable Care Act's individual marketplaces. Aetna, Anthem, Cigna, Humana and UnitedHealth Group — the big five for-profit insurers — cumulatively collected $4.5 billion in net earnings in the first three months of 2017. That was by far the biggest first-quarter haul for the group since the ACA exchanges went live in 2014. Other major insurers, such as the Blue Cross and Blue Shield company Health Care Service Corp., also are improving their ACA operations. https://www.axios.com/profits-are-booming-at-health-insuranc... |
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