Get Ready For The Obamacare Fees And Taxes


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.

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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.

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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.”

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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.

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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.

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

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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.

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Oh, and the administration has extended the deadline to get Obamacare yet again.

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