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Finding out what’s in it: Here come the Obamacare tax bills!
The new taxes on one customer’s bill added up to $23.14 a month, or $277.68 annually, according to Kaiser Health News. It boosted the monthly premium from $322.26 to $345.40 for that individual. The new taxes and fees include a 2 percent levy on every health plan, which is expected to net about $8 billion for the government in 2014 and increase to $14.3 billion in 2018. There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute. Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site.
This list doesn’t include the hidden tax imposed on medical equipment that will also be passed on to customers.