7 New Taxes or Fees To Cover New Health Care Law
Beginning in 2014, the expanded coverage for Obamacare under the new health care law will essentially kick in and approximately thirty million (30 million) individuals who have no medical insurance will be brought into the fold. When this expanded coverage begins, insurance companies will have to accept all applicants, regardless of their medical condition. No one can be declined.
In addition to this, just about every American citizen will have to be covered by medical insurance. They will essentially have three choices – receive coverage through their employer – receive coverage from a government program – or purchase medical insurance on their own.
The new health care law won’t require most individuals to remit additional funds to the Internal Revenue Service; however, the approximately two percent of Americans who are considered wealthy, will get hit the hardest, starting in 2013.
About two thirds, or approximately twenty million View full post…