2014 is just around the corner, and coming with the new year are a whole bunch of new Obamacare fees and taxes. It’s worse than getting a lump of coal from Santa.
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.
Read the whole thing. There’s much more, including the medical device tax, a reduction in the medical expense tax deduction and a brand new Medicare tax for high earners.
Oh, and the administration has extended the deadline to get Obamacare yet again.