Obamacare Fees Raise Premiums

Ring in the 2014 New Year with higher health insurance premiums thanks to Obamacare feesObamacare fees. Most carriers are hiding the add-on Obamacare fees while others are putting them right out there for you to see.

Good for them.

one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.”

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.

NY Post

But wait. There’s more!

There’s also a $2 fee per policy that goes into a new medical-research trust fund called the Patient Centered Outcomes Research Institute.

Feeling black-balled yet?

And the gift of Obamacare fees doesn’t stop there.

Insurers pay a 3.5 percent user fee to sell medical plans on the HealthCare.gov Web site.

And yes, that is passed on to you, the consumer.

Americans also will pay hidden taxes, such as the 2.3 percent medical-device tax that will inflate the cost of items such as pacemakers, stents and prosthetic limbs.

The 2.3% Obamacare fees are added to gross sales. Those fees are passed on to the consumers, resulting in higher medical costs, and higher health insurance premiums.

Calling them Obamacare fees isn’t fair since the Supreme Court said it was really a tax. Fee or tax. Just calling a spade a spade.