Today’s short post on Obamacare and how it is harming us all: Insurance Companies, faced with a particularly draconian Obamacare fee called the “Insurance Providers Fee” are going to charge American Families an extra $100 BILLION to recover such fees.
Insurance companies, faced with new Obamacare fees and taxes meant to help fund the law, are planning to pass along the added costs to consumers. This includes the multibillion-dollar annual “Insurance Providers Fee,” which took effect in January and is assessed to each company based on its share of annual premiums collected by the entire industry. This new fee is expected to raise $8 billion this year and more than $100 billion over the next decade. <source>
The Obama rape of the middle class continues, thanks to all of you who voted for his second term in office.
Though most insurers aren’t telling consumers that the cost of their plans have increased because of new Obamacare taxes, one company, Blue Cross Blue Shield of Alabama, included a line item labeled, “Affordable Care Act Fees and Taxes,” to identify the new costs. One customer’s bill showed that these new taxes added up to an extra $23.14 a month, or $277.68 annually, Kaiser Health News reported.