NY state taxes on insurance to top $5.5B this year, report says

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Of the almost $5.6 billion, about $3.9 billion is the result of a surcharge created by the Health Care Reform Act of 1996 that is collected from health plans in the form of a sales tax on certain hospital-based services. 

Of the almost $5.6 billion, about $3.9 billion is the result of a surcharge created by the Health Care Reform Act of 1996 that is collected from health plans in the form of a sales tax on certain hospital-based services. 

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