Friday, April 30, 2010

Cost to your family for Obamacare? Oh, say, $1,000

ObamaCare imposes a new tax on health insurers of $8.1 billion annually beginning in 2014 and rising to $14.3 billion by 2018. The Congressional Budget Office affirms the general consensus of economists that the new tax “would be largely passed through to consumers in the form of higher premiums for private coverage.” Results from a Ken Kies study suggest that the insurance tax could cost the typical family of four with employment-based coverage as much as $1,000 a year in higher health premiums.