The Michigan Chamber is strongly opposed to House Bill 5105 (Pscholka) as passed by the Michigan House last week. This bill is a $1.98 billion tax increase on individuals and businesses who purchase health insurance. We are working hard to protect taxpayers and to stop this irresponsible legislation, but we need your help.
Since its inception in 2011, Michigan's Health Insurance Claims Assessment, or HICA tax, has added nearly $1 billion to the already high cost of purchasing health insurance in Michigan. Passage of House Bill 5105 would drastically alter current law to extend the sunset of the HICA tax by seven years and nine months - from December 31, 2017 to September 30, 2025. This amounts to a $1.98 billion tax increase on businesses and individuals purchasing health insurance.
This tax is unwise and unfair. No other state in the country imposes such a penalty tax.
Take action today! Please call your State Senator to express your disappointment and strongly urge them to Vote NO on HB 5105.