Impending Health Care Taxes Loom Over Manufacturers

As 2019 winds down, manufacturers are fighting against three major federal taxes on health care: the Health Insurance Tax (HIT), a multi-billion dollar tax imposed on health insurance premiums; the so-called Cadillac Tax, a 40% tax on more expensive health insurance plans; and the medical device tax, a tax on life-saving medical devices. See the report from Washington by the National Association of Manufacturers.11/25/2019