Skip to comments.Premiums set to rise this year in run-up to ObamaCare tax on insurance industry
Posted on 01/22/2013 3:35:58 AM PST by tobyhill
While the most sweeping provisions of the health care overhaul have not yet gone into effect, plenty of Americans will still be paying higher insurance premiums this year -- as insurance companies try to preemptively cover the cost of a tax increase included in President Obama's Affordable Care Act.
That tax doesn't take effect until next year, when other major provisions like the so-called "individual mandate" and insurance subsidies also kick in. But that hasn't stopped insurance companies from charging higher premiums this year to cover the hike, as well as the cost of ObamaCare benefits such as free birth control and preventive care.
(Excerpt) Read more at foxnews.com ...
As if we don’t know.
Free stuff isn't free? Who would have guessed?
Increases in payroll taxes and insurance rates have decreased my paycheck by about 8% so far. I’m sure I can look forward to even smaller paychecks next year.
The Left will blame the Republicans, and the Press will help them to make it stick.
Premiums set to rise this year.
Obama did it.
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