New York Post – by S.A. Miller and Geoff Earle
WASHINGTON — 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.
Americans are currently allowed to deduct expenses that exceed 7.5 percent of their annual income. The threshold jumps to 10 percent under ObamaCare, costing taxpayers about $15 billion over 10 years.
Then there’s the new Medicare tax.
Under ObamaCare, individual tax filers earning more than $200,000 and families earning more than $250,000 will pay an added 0.9 percent Medicare surtax on top of the existing 1.45 percent Medicare payroll tax. They’ll also pay an extra 3.8 percent Medicare tax on unearned income, such as investment dividends, rental income and capital gains.
Meanwhile, the Obama administration touted a surge of more than 2 million visitors Monday at HealthCare.gov, plus about 250,000 calls to ObamaCare call centers.
“Volumes remain high but not equal to [Monday] and we have not had to deploy our queuing system on the site,” said Julie Bataille, a spokeswoman for the Centers for Medicare and Medicaid Services, referring to a virtual waiting room that is activated when the site is overloaded.
“We are taking thousands of calls at our call centers, which remain open until midnight, and we are seeing thousands of visitors complete enrollment online,” she said.
It wasn’t smooth sailing for everyone on the troubled site.
Software techie Jeff Karaaro tweeted in frustration: “Got three different codes trying to submit plan choices. No [one] can tell me what they mean. I nor call center can complete my application due to error.”
3 thoughts on “New ObamaCare fees coming in 2014”
Since we are talking economy..this is for Paul, and and maybe even an article that FTT should post. This is the real truth about our economy….http://investmentwatchblog.com/rob-kirby-when-china-doesnt-get-their-gold-thats-when-this-ends/
“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.”
Bahahaha!! If ain’t got nothing to hide, then what are you worried about?
“There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.”
ROLMFAO!!! BAHAHAHAHAAHAAHAHA!!! Wow! Unfrigginbelieveable!!!
This must be a research fee to pay for the site or to pay for the creation of new diseases or a fee to pay to the politicians or those who created Obamacare.
““We are taking thousands of calls at our call centers, which remain open until midnight, and we are seeing thousands of visitors complete enrollment online,” she said.”
WHY THE F**K IS EVERYONE ENROLLING IN THIS TREASONOUS PIECE OF SHIT PROGRAM? WHY ARE THEY GIVING IN AFTER ALL THE FIGHTING AGAINST IT AND SAYING NO TO IT? Do they enjoy being whipped and enslaved? How hard is it? JUST DON’T DO IT!!!!! TURN AROUND AND LOOK THE OTHER WAY!!! WHY CAN’T THESE PEOPLE JUST STOP??!!!! STOP GIVING INTO THE SYSTEM!!! WHY, WHY, WHY ARE THEY BEING SO DAMN STUPID!!!??? I JUST DON’T GET IT!!! 😡
On the other hand, (as I’m reading it again) Julie Bataille’s comment could be all lies to make the people think that Obamacare is doing great when they really have no sign-ups like the last time they lied.
Obama is an alias,a minion of the elite like every president since Lincoln who was the greatest horses ass of all.Barry would love to destroy states rights in the manner of his fascist hero but F.D.R. beat him to the punch.I am a self-professed enemy of the state.not because I am a violent reactionary but because I believe in God and individualism rather than in war,religion or the state.Now I guess the pope really likes the state.The pope ain’t GOD.But you are a part of God with the power of God within you.Tune cede malis.(don’t give in to evil)