Tuesday, February 25, 2014

Klein: OCare's Insurance Tax on Individuals and Families

The 'taxes' Chief Justice Roberts found acceptable in Obamacare just keep coming. This from Philip Klein:
A multibillion-dollar tax that President Obama's health care law imposes on the insurance industry will be passed onto consumers, according to a new study by American Action Forum, costing individuals and families hundreds of dollars annually starting this year. [snip]

The report estimates that in 2014, individuals with employer sponsored insurance would have to pay $77 extra as a result of the tax and those with family coverage through their employers would have to pay an extra $266. By 2018, that will increase to $139 for individuals and $476 for those with family coverage.

Overall, the fees are projected to raise $8 billion in 2014 and a total of $58.8 billion through 2018.

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