Among the new taxes imposed by the Democrats’ Patient Protection and Affordable Care Act (PPACA) is a rarely mentioned, $14.3 billion a year tax on health insurance, effective in 2014. As Joint Economic Committee Republicans explain in a new document, this levy:
o Will be mostly passed through to consumers in the form of higher premiums for private coverage.
o Could cost the typical family of four with job-based coverage an additional $1,000 a year in higher premiums.
o Will fall largely, and inequitably, on small businesses and their employees.
Read the full analysis here.
Press Releases
Unwinding Obamacare: New tax could boost small business premiums an extra $1,000 a year
Apr 23 2010
Related Files:
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Unwinding Obamacare-New Tax Could Boost Small Business Premiums Extra $1000
UnwindingObamacareNewTaxCouldBoostSmallBusinessPremiumsanExtra1000aYear_042210.pdf (387.2 KBs)
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04/23/10 -Current record