Study: Obamacare's Insurance Tax To Impose Hundreds Of Dollars Of Costs On Individuals And Families

A multibillion-dollar tax that President Obama's health care law imposes on the insurance industry will be passed onto consumers, according to a new study by American Action Forum, costing individuals and families hundreds of dollars annually starting this year.

As one way of financing the $2 trillion cost of expanding insurance coverage, Obamacare imposes a tax on the health insurance industry, which is assessed to each insurer based on their share of annual premiums collected by the industry.

But according to the study by Robert Book of the center-right policy group American Action Forum, "insurers will have to pass most of this tax along to policyholders in the form of higher premiums, or possibly higher average out-of-pocket costs or reduced benefits."

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