Tax Musings of a Burbank CPA: Who’s paying the new Obamacare tax? You!

Now the story is coming out – some of the biggest payers of the Affordable Card Act are state and federal governments; taxpayer money going back into the ACA Health Insurer Fees.  See this posting in USA Today by Phil Galewitz, Kaiser Health News for the details:

http://www.usatoday.com/story/news/nation/2014/08/30/obamacare-tax-healthcare-taxpayers-eight-billion/14861405/

The problem is that the money was going to have to come from somewhere; with health insurers, hospitals, device makers and pharmaceutical companies required to share in the cost because of new business, there is still a shortfall.  So far not enough young healthy people have bought insurance to help pay the costs of the older people with more health problems, and the medicare tax increases on wealthier taxpayers haven’t closed the gap enough, so we get to zero out the shortfall.  The worst part is, this problem may get worse over time, not better.

Uncle Sam Shaking Us DownDollar Pointing For financial,  accounting and tax musings,

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Email: bstonercpa@sbcglobal.net  Phone: 818-317-6035  Website: www.briantstonercpa.com

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