The tax is designed to collect over $100 billion from insurers over the next decade, but this will be merely passed on to small businesses and self-employed Americans. The HIT will be absolutely cost-prohibitive, dissuading employers from offering insurance and forcing some to freeze hiring and only keep part-time staff. From what I know of this cumbersome law, it isn’t fair to make small businesses pay an additional $55 per person in premiums every year.
If Congress doesn’t pass the Jobs and Premium Protection Act, the HIT will become law, and the small businesses are the ones on the ground that will feel the full force of this plan. Congress must repeal the HIT before it can do damage to the country’s small-business sector and the entire economy.