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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