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Alabama Blue Cross Shares Obamacare Tax Woes With Customers
Insurance companies aren't crazy about their share of the health law's taxes, but mostly they've complained to politicians and regulators.
Insurance companies aren’t crazy about their share of the health law’s taxes, but mostly they’ve complained to politicians and regulators.
At least one health plan wants to bring consumers into the loop.
“Affordable Care Act Fees and Taxes” is a separate line item on bills Blue Cross Blue Shield of Alabama is sending to individual customers.
The tax amount is $23.14 a month, or $277.68 annually, on a statement one subscriber shared with Kaiser Health News. That’s added to the “Current Amount Due for Benefits” of $322.26, for a total monthly premium of $345.40 for one person.
Taxes have been part of health plan costs for decades. Economic theory says business taxes are often borne by consumers in the form of higher prices.
Read the full story here: http://bit.ly/19DVxFG
Source: Kaiser Health News
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