NFIB’s Fair Take on ObamaCare
NFIB has released a new healthcare guide for employees that nicely sums up what the average person has to look forward to as ObamaCare is implemented. It does a balanced job analyzing and explaining the facts of the healthcare law. Of particular note is the tax burden facing families and small businesses:
PPACA’s individual mandate tax requires most Americans to have health insurance or to pay a tax for not having insurance. For example, in 2016, a family of 3 with annual income of $26,000 will have to buy insurance or else they will pay a $2,085 tax.
If you get insurance through a small business or buy it on your own, you’ll have to pay a new health insurance tax of around $500 in increased premiums per year per family.
Medical device manufacturers will pay a new 2.3% tax on their products but will pass the tax on to you through higher premiums.
Read more from NFIB here.
