Obamacare Tax on Insurers Could Reach $15.5 Billion, IRS Says

Posted Sept. 3, 2019, 3:43 PM

·   Affordable Care Act tax on health insurers will take effect unless Congress suspends it

·   Fee would add 2% to premiums—$196 for individuals, consulting firm estimates

An Obamacare tax on health insurance plans could collect $15.5 billion in 2020 if Congress doesn’t step in to block it, the Internal Revenue Service announced Sept. 3.

Under the Affordable Care Act, a fee is levied on all fully insured health plans to help cover the cost of the law. The plans affected include individual market plans, small group and large group plans, Medicare managed care plans, Medicare Part D prescription drug plans, and Medicaid managed care plans.

https://news.bloomberglaw.com/health-law-and-business/obamacare-tax-on-insurers-could-reach-15-5-billion-irs-says?utm_source=American%20Action%20Forum%20Emails&utm_campaign=3fe8f448f1-EMAIL_CAMPAIGN_2019_01_07_08_31_COPY_01&utm_medium=email&utm_term=0_64783a8335-3fe8f448f1-267125721