Insurance Tax Cost Shift All But Certain
July 15, 2009 -- Employers will definitely feel the pain of an insurance tax that will help raise more than $115 billion to cover 115,000 uninsured children and low-income adults in Oregon over the next four years.
All of Oregon’s health insurance companies intend to pass along that tax to their policyholders starting Oct. 1. Those discussions occurred when Rep. Mitch Greenlick (D-Portland) proposed his health reform measures (House Bills 2009 and 2116) in conversations with insurance executives.
Approximately $11 million of the $1 billion federal funds will be used to run the Healthy Kids program. The majority of that revenue will be spent on a marketing campaign, including community grants.
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