Tag Archives: Affordable Care Act Fees and Taxes

New Obamacare fees in 2014, Blue Cross Blue Shield of Alabama reveals taxes, Affordable Care Act Fees and Taxes, Higher premiums deductibles and fees

New Obamacare fees in 2014, Blue Cross Blue Shield of Alabama reveals taxes, Affordable Care Act Fees and Taxes, Higher premiums deductibles and fees

“The study says 27-year-old men in Nebraska will see a whopping 279 percent increase in premiums and 27-year-old women in Nebraska will get an also-shocking 227 percent increase in rates.”…Watchdog.org

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From the NY Post December 25, 2013.

“New ObamaCare fees coming in 2014”

“Here comes the ObamaCare tax bill.

The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills.

Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.

But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.”

The new taxes on one customer’s bill added up to $23.14 a month, or $277.68 annually, according to Kaiser Health News. It boosted the monthly premium from $322.26 to $345.40 for that individual.

The new taxes and fees include a 2 percent levy on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018.

There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.

Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site.

ObamaCare supporters argue that federal subsidies for many low-income Americans will not only cover the taxes, but pay a big chunk of the premiums.

But ObamaCare taxes don’t stop with health-plan premiums.

Americans also will pay hidden taxes, such as the 2.3 percent medical-device tax that will inflate the cost of items such as pacemakers, stents and prosthetic limbs.

Those with high out-of-pocket medical expenses also will get smaller income-tax deductions.”

Read more:

http://nypost.com/2013/12/25/new-obamacare-fees-coming-in-2014/

 

 

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