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House committee advances HAFC substitute to shift premiums toward health affordability programs
Summary
The House Appropriations and Finance Committee approved a HAFC substitute for HB4 to phase in redirecting the state’s health‑insurance premium surtax from the general fund into the Health Care Affordability Fund, aiming to preserve marketplace subsidies and small‑business assistance; the substitute passed the committee on a recorded 10–7 vote.
The House Appropriations and Finance Committee advanced a HAFC substitute for House Bill 4 on a 10–7 roll‑call vote after a lengthy hearing on the bill’s fiscal and programmatic impacts.
Madam Leader, sponsor of the substitute, told the committee the change would redirect a greater share of the existing premium surtax into the Health Care Affordability Fund over a phased period so the state can maintain marketplace subsidies and small‑business assistance. “This is not raising the surtax. It’s not imposing any new tax,” Chair Small said during floor discussion to…
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