Both employers and their employees will be paying more for healthcare unless Congress pumps the breaks on the Health Insurance Tax (HIT). Imposed by the Affordable Care Act, the HIT is set to go into effect for 2019 unless Congress agrees to delay it through 2020.
Buffalo Niagara employers are committed to providing their employees with affordable healthcare, but the cost of doing so continues to climb. The Buffalo Niagara Partnership supports comprehensive access to coverage without imposing new regulations and fines on employers. Last year, 75% of Buffalo Niagara Partnership members who participated in our annual survey indicated that they experienced healthcare cost increases. That is why advocating for lower healthcare costs is one of the Partnership’s 2018 Advocacy Agenda priorities.
Governor Cuomo’s Executive Budget proposal looks to close the state’s $4.4 billion deficit with a series of revenue actions – government speak for new taxes and fees. The majority of these new taxes fall on the healthcare industry, continuing New York State’s long history of taxing healthcare to pay for healthcare. This reliance on healthcare taxes is one of the main reasons New Yorkers pay some of the highest healthcare premiums in the country and why Buffalo Niagara employers identify healthcare costs as a growing pain point.
Regional employers are optimistic about the local business climate, but unconvinced that New York State is becoming more business friendly. This dichotomy is just one of the top line results of the Buffalo Niagara Partnership’s annual advocacy survey.
By: Thomas Foels, M.D., M.M.M. Independent Health’s Executive Vice President and Chief Medical Officer
Welcome to the new world of labor relations.
On April 14, 2015, new union election rules from the National Labor Relations Board (NLRB) went into effect, signifying a dynamic shift in the way unionization efforts can play out in work places across the country.