ObamaCare Health Insurance Tax applies to Medicaid!
36 states contract with private managed-care companies to run their Medicaid programs. These Medicaid programs will be subject to the ObamaCare premium tax. A study from Milliman, the actuarial and consulting firm, estimates that the tax will increase Medicaid premiums by 1.5 to 1.6 percent nationwide, which in turn will cost state and federal governments between $36.5 and $41.9 billion over ten years. (The tax will raise an additional $100 billion or so from the private sector.)
See entire article by Avik Roy in the Forbes.
Amazing.
In his many speeches to convice us to support Obamacare, I don’t remember President Obama mentioning this tax.
http://bit.ly/GLMlmL
Higher premiums on the way.
Robbing Peter to pay Paul seems like shuffling a lot of money around without actually raising any new money.