Partial List Of Taxes And Fees In Health Overhaul
The Associated Press |
Starting in 2014, President
For the vast majority of people, the health care law won't mean sending more money to the
And roughly 20 million people eventually will benefit from tax credits that start in 2014 to help them pay insurance premiums.
A look at some of the major taxes and fees, estimated to total nearly
_ Upper-income households
Starting
They'll also face an additional 3.8 percent tax on investment income. Together these are the biggest tax increase in the health care law.
_ Employer penalties
Starting in 2014, companies with 50 or more employees that do not offer coverage will face penalties if at least one of their employees receives government-subsidized coverage. The penalty is
_ Health care industries
Insurers, drug companies and medical device manufacturers face new fees and taxes.
Companies that make medical equipment sold chiefly through doctors and hospitals, such as pacemakers, artificial hips and coronary stents, will pay a 2.3 percent excise tax on their sales, expected to total
The insurance industry faces an annual fee that starts at
Pharmaceutical companies that make or import brand-name drugs are already paying fees that totaled
_ People who don't get health insurance
Nearly 6 million people who don't get health insurance will face tax penalties starting in 2014. The fines will raise
_ Indoor tanning devotees
The 10 percent sales tax on indoor tanning sessions took effect in 2010. It's expected to raise
The 28 million people who visit tanning booths and beds each year _ most of them women under 30, according to the Journal of the
Tanning salons were singled out because of strong medical evidence that exposure to ultraviolet lights increases the risk of skin cancer.
Copyright: | (c) 2012 The Associated Press. All rights reserved. |
Source: | Associated Press |
Wordcount: | 449 |
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