“Starting next year the ACA imposes a new $100 billion tax on health insurance. The tax will start at $8 billion in 2014, increasing to $14.3 billion in 2018, and will continue to increase each year.”
• “The health insurance tax is larger than the device tax and the prescription drug tax combined.”
• “The health insurance tax will increase costs for individuals and families purchasing coverage on their own, small businesses, seniors and people with disabilities enrolled in a Medicare Advantage plan, and state Medicaid managed care plans.”
• “The health insurance tax is far greater than the minimum penalty for those who choose not to buy health insurance – further incentivizing young, healthy people to forgo purchasing insurance until they need medical care.” (emphasis added)
The Unsung, But Massive Obamacare Sales Tax Increase That Is On the Way
2/15/2013
Lindsay Boyd is Communications Director at the Independent Institute in Oakland, CA.
http://www.forbes.com/sites/realspin/2013/02/15/the-unsung-but-massive-obamacare-sales-tax-increase-that-is-on-the-way/