IRS Unveils Details Of ACA Health Insurance Tax

Law360, New York (March 1, 2013, 6:45 PM EST) -- The Internal Revenue Service on Friday released the details of its proposed annual tax on the health insurance industry, as mandated by the Affordable Care Act, a move designed to eventually rake in more than $15 billion per year.

The so-called Health Insurance Providers Fee will be treated as an excise and is based on a predefined total fee, beginning at $8 billion in calendar year 2014, which will be split among all health insurers and health maintenance organizations with premium revenues of $25 million or...
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