Hawaii’s Congressional delegation is committed to
a massive reorganization of health insurance by the federal government.
This mission is about to collide with state budgets, causing much
collateral damage.
Most
people remain unaware that health-insurance premiums contribute to
states’ tax revenues. On average, states tax private health insurance 2
percent of premiums. If a policy for a family costs $13,000, for
example, the state rakes in $260 off the top. The looming federal
takeover threatens these revenues in Hawaii.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Federal health takeover threatens Hawaii budget
John R. Graham
Hawaii’s Congressional delegation is committed to
a massive reorganization of health insurance by the federal government.
This mission is about to collide with state budgets, causing much
collateral damage.
Most
people remain unaware that health-insurance premiums contribute to
states’ tax revenues. On average, states tax private health insurance 2
percent of premiums. If a policy for a family costs $13,000, for
example, the state rakes in $260 off the top. The looming federal
takeover threatens these revenues in Hawaii.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.