Consumers Hit With Surprise Tax in Obamacare Premium Almost No Transparency in New Fees and Taxes Brianna Ehley The Fiscal Times February 26, 2014
Obamacare isn't just impacting the uninsured. Americans who already had health coverage before the Affordable Care Act will likely pay more this year and even more in the years to come.
Insurance companies, faced with new Obamacare fees and taxes meant to help fund the law, are planning to pass along the added costs to consumers. This includes the multibillion-dollar annual “Insurance Providers Fee,” which took effect in January and is assessed to each company based on its share of annual premiums collected by the entire industry. This new fee is expected to raise $8 billion this year and more than $100 billion over the next decade. .............................
Front Porch Punditry
Print view
Thu Feb 27, 2014 8:50 am
reply
Front Porch Punditry