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**ddxbovMQ** · 06-29-2012, 04:51 PM

These 2 appear to be designed to eliminate private insurance companies and penalize people who actually want to have their own Health Insurance policies.

19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993

Taxes that take effect in 2018:
20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

Read more: http://www.atr.org/full-list-obamaca...#ixzz1zBqUlmZ0

06-29-2012, 04:51 PM	#19
ddxbovMQ Join Date Oct 2005 Posts 342 Senior Member	These 2 appear to be designed to eliminate private insurance companies and penalize people who actually want to have their own Health Insurance policies. 19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993 Taxes that take effect in 2018: 20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956 Read more: http://www.atr.org/full-list-obamaca...#ixzz1zBqUlmZ0
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