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Small businesses, insurers fight back against health insurance tax

Small business groups are fighting back against the Patient Protection and Affordable Care Acts health insurance tax and throwing their support at new legislation that would repeal it, arguing that the tax will kill a lot of private sector jobs.

By Kathryn Mayer | Updated on March 19, 2013

Small business groups are fighting back against the Patient Protection and Affordable Care Act’s health insurance tax and throwing their support to new legislation that would repeal it, arguing that the tax will kill a lot of private sector jobs.

The National Federation of Independent Business Research Foundation on Tuesday released an updated study predicting that the rise in cost of employer-sponsored insurance stemming from the tax will result in a reduction in private sector employment of 146,000 to 262,000 jobs by 2022, with 59 percent of the job losses coming from small businesses.

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