Taxation of Employer-Sponsored Insurance
The employer-sponsored insurance (ESI) market is the most effective system of delivering health care benefits while reducing health care costs. Adjusting the tax exemption could be catastrophic to the system.
Every business that maintains electronic data or systems is at risk of a cyberattack or data breach. The simple act of applying for insurance forces insureds to assess their intangible asset risks and the strength of their cyber defenses. This process is a critical risk mitigation tool being led by brokerage firms across the country.
National Flood Insurance Program
Members of The Council look forward to a long-term reauthorization of the NFIP in 2017 that increases private market participation, increases floor insurance take-up rates and preserves the Write Your Own program.
FATCA’s goal is to close international accounts with cash value that are being exploited to avoid U.S. taxes, but it is misguided to equally target international property/casualty insurance premium payments.
The Cadillac Tax on health plans was intended to serve as an incentive for employers to minimize costly health plans in an effort to curb healthcare spending. However, there are several issues with its estimates.
The Council, along with 35 other business organizations, sent this letter to Congress asking for a delay in the 40 percent “Cadillac Tax” on employer-sponsored health coverage before the end of this year.
The Council co-signed this letter in support of HR 3746, the Business of Insurance Regulatory Reform Act of 2017.
This chart, compiled by our legal team at Steptoe & Johnson, compares the House and Senate tax reform bills to current tax law. Highlighted issues include pass-through entities and more.
We have updated our state-by-state Drug Price Transparency Legislation Tracker as of November 13.
On November 1, Representative Kevin Brady (R-TX) and Senator Orrin Hatch (R-UT) introduced their individual market stabilization bill.