On top of rising premiums, Obamacare taxes are adding hundreds of dollars per year onto customers’ costs, according to new study from the American Action Forum.
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Those who braved the health-care law’s exchanges will have to pay an extra $354 on average in 2014, reports the free-market D.C.-based think tank, just due to seven taxes included in Obamacare.
The vast majority of the country covered by employer-sponsored health insurance will be forced to pay a somewhat lower tab of $196 to cover the taxes. Those with self-funded employer-sponsored insurance are exempt from several of the largest culprits and will have the lowest added cost at $94 in 2014, which will drop to $59 by 2016.
One is aimed at the insurance companies, forcing them to pay the federal government for the privilege of selling health insurance — an ironic touch for a law meant to make health coverage cheaper. AAF estimates that this tax alone, which will be passed onto consumers, will cost an extra $101 in 2014; in 2015 and 2016, it’ll be increased to $143 on average as the federal government ups their funding requests every year.