New tax targeting health insurance products is approved in D.C.

health insurance cost medical

D.C. Council introduces new tax in order to mitigate financial blow of failed insurance exchange The D.C. Council has approved a new tax that will be placed on all health insurance products that are sold throughout the district. The tax is meant to resolve a specific issue: The financial problems that have been caused by the district’s insurance exchange. The exchange was meant to provide D.C. residents with access to affordable insurance coverage, but it proved quite difficult for these residents to access the exchange due to severe technical difficulties.…

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Liability insurance requirements for guns up for consideration in Washington DC

liability insurance mandatory coverage

Mandatory liability insurance for gun owners proposed in DC Washington D.C. may become the first in the U.S. to make liability insurance for gun owners mandatory. The D.C. Council is currently considering a proposal that would require those that own firearms to purchase and maintain liability insurance coverage. This issue has been gaining more attention in recent months, following a spate of school shootings. Gun control has become a divisive topic throughout the country, with supporters and opponents adopting fairly extreme stances on the issue. The D.C. Council believes that…

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