Proposed Standards for Health Insurer Tax May Hit State Budgets
Issue Brief 13-22
July 12, 2013
As
a standard-setting and regulatory support organization for state insurance
regulators, the National Association of Insurance Commissioners (NAIC) plays a
key role in implementing portions of the Affordable Care Act (ACA). Recently,
it has focused on the accounting standards related to the new ACA annual tax on
certain health care providers, beginning in calendar year (CY) 2014. Its draft
proposal could financially affect states with Medicaid managed care programs.
Beyond the NAIC proposal, the impact of the tax on health insurance premiums
could have significant budget implications for many states.