Yes, that’s what it means. Here in the US if you have employer sponsored insurance (as most people do) then whatever % the employer is paying (usually not 100%) is not considered income for the employee. And on top of that, the % of premium that the employee pays is deducted from their taxable income. The business itself can claim the cost of providing heath insurance as an expense which will reduce its profits and reduce its taxes.
If you have don’t have an employer (uber drivers, contractor – like me --, and the like) then you can claim the full cost of your premiums as a business expense and pay no taxes on that.
All of this is partially why I say that the gov’t is already in the business of providing heath insurance – it’s just all heavily subsidized. If they suddenly had to pay for everyone’s insurance it would be an increase of the full cost since they’re already paying for a big chunk of it in the form of reduced taxes.
