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The Affordable Care Act (section 9010) created an annual fee on certain health insurance providers beginning in 2014. This is often referred to as the “HIT tax” or health insurer tax. The HIT tax was suspended for the 2017 calendar year but it will again be effective as of January 1, 2018. If you will have an insured group health plan in 2018, keep this in mind when you review 2018 rate quotes from health insurers. Here’s Why this is Important Some carriers have estimated that the HIT tax will be about 3% in 2018, although amounts will vary among...

The Obama administration is sending a new message to people on the Obamacare e-mail list. Sign up for health insurance by December 15 or face big fines. “Important,” the new email warns subscribers. “The penalty for not having health insurance is increasing. If you don’t sign up for coverage, you’ll risk having to pay $695 per person or more for the year.” Since the new enrollment period is in session, email messages from the Obamacare website have increased urging more people to sign up for coverage or face fines. When asked about the fines faced by Americans without insurance, White...

The cheapest Obamacare health insurance plan will cost a family $20,000 per year. Americans will be forced to purchase the plan or face the Obama IRS. CNS News reported: In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. The IRS’s assumption that the cheapest plan for a family will cost $20,000 per year is found in examples the IRS gives...

An Indiana-based medical equipment manufacturer says it's scrapping plans to open five new plants in the coming years because of a looming tax tied to President Obama's health care overhaul law. Cook Medical claims the tax on medical devices, set to take effect next year, will cost the company roughly $20 million a year, cutting into money that would otherwise go toward expanding into new facilities over the next five years. "This is the equivalent of about a plant a year that we're not going to be able to build," a company spokesman told FoxNews.com. He said the original plan...

........."We see the strength of the Houston housing market as a direct reflection of improving consumer confidence in the local economy as a whole," said Wayne A. Stroman, HAR chairman and CEO of Stroman Realty. "One of the principal factors in the demand for homes throughout greater Houston has been steady job gains that the Texas Workforce Commission reports has amounted to more than 90,000 hires over the past year. In its July economic outlook, the Greater Houston Partnership said 'Houston is the strongest of all the major metro economies in the U.S., and if job growth continues at the...

Chicago Mayor Rahm Emanuel said Friday that taxpayers shouldn’t have to pay for city workers’ health care problems that are manageable.Chicago city employees would have to pay $50 per month more for health care if they choose not to participate in a wellness program announced by Mayor Rahm Emanuel.

Democrats in Congress haven’t made any moves to extend the Bush tax cuts of 2006, so workers of all income levels can expect to see a 5% increase in their income taxes, and additional tax increases from a number of other areas. The taxes affected include the capital gains tax, the alternative minimum tax, education deductions, sales tax exemptions. They also include small tax increases, like a rollback in tax breaks for tuition expenses and donations of books to public schools. "If you believe the current consensus, we could potentially see the top income tax rate hiked back up to...

Obama promised not to raise taxes. If he signed this bill into law, he would break his promise...

Health bill says 'tax' when President Obama said 'not' By: Chris Frates and Mike Allen September 21, 2009 09:06 AM EST In the most contentious exchange of President Barack Obama’s marathon of five Sunday shows, he said it is “not true” that a requirement for individuals to get health insurance under a key reform plan now being debated amounts to a tax increase. But he could look it up — in the bill. Page 29, sentence one of the bill introduced by Senate Finance Committee Chairman Max Baucus (D-Mont) says: “The consequence for not maintaining insurance would be an excise...