Central North Carolina | idea1947 - 3/7/2016 18:32 Subsidies are always paid by someone. As the Economists like to say, there is no free lunch. But premium subsidies under Obamacare are not paid by other policy holders, it comes from other sources.
What would you consider this, and who do you think is paying it?
Reinsurance Tax — The reinsurance tax applies to any company that provides Health insurance (big businesses, labor unions, insurance carriers). It is a $63 fee assessed on not just every worker or individual, but dependents as well. Because of this, The Wall Street Journal refers to the “reinsurance tax” as the “belly-button tax.”The reinsurance tax has a lifespan of three years and is supposed to kick in at the start of the new year. The majority of the estimated total of $25 billion it will raise will be designated as a fund for individual insurers to offset the cost of high-risk individual policyholders both on and off the exchanges. It will also serve as a pain reliever for these insurance companies when young and healthy invincibles refuse to sign up for costly health plans. High-risk individual policyholders will therefore benefit at the extra expense of those who do not even participate in the individual marketplace, such as small businesses, large businesses, and the self-insured. Health Insurance Tax — Unlike the Patient Protection and Affordable Care Act, HIT will live up to its name, in which consumers will take a direct one to the wallet. The tax kicks off in 2014, when insurers catering to the individual and small group markets will have to pay an annual fee to the federal government. This fee is conditional upon the insurer’s share of the market and will be collected based on a fixed structure:
https://www.carolinajournal.com/opinion-article/what-about-those-obamacare-subsidies/
What about this one:
https://www.irs.gov/uac/Newsroom/Medical-Device-Excise-Tax
Edited by Douglas 3/8/2016 16:30
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I have an in town job also and insurance is very high!
