ObamaCARE is now in full effect. This means things like Colonoscopy scopes and prescription drugs like Xanax are now taxed in order to fund socialized medicine. Don’t worry though. If you are a middle aged man you get free mammograms. If you are a child rapist, you also get free Viagra with ObamaCARE. So I guess it all cancels out doesn’t it? Oh, and we get to pay for Sandra Fluke’s $9/month birth control too.
Tanning salons, colonoscopy scopes and prescription drugs like Xanax — they’re all items hit by taxes in recent years to fund President Barack Obama’s health care law.
Starting in 2014, the Obamacare tax man is coming for insurance companies — who contend a good chunk of these costs will be passed on to consumers in the form of higher premiums.
And with those now in effect, almost all of the taxes that will be used to offset the cost of Obamacare are in place.
(PHOTOS: 25 unforgettable Obamacare quotes)
The new levies include a multibillion-dollar assessment on insurance companies based on their market share, a fee that will be used to compensate insurers who take on the most costly policyholders and a penalty for individuals who decide to remain uninsured. A tax on so-called Cadillac health plans, set to begin in 2018, is the last major provision to kick in.
This is also the first year wealthier Americans will feel the Affordable Care Act tax squeeze from several levies that began in 2013 but won’t be paid out until the upcoming tax filing season a few weeks away.