A Look at Taxes Imposed by Obama's Health Care Law - News Summed Up

A Look at Taxes Imposed by Obama's Health Care Law


A look at the $1.1 trillion in taxes over 10 years imposed by former President Barack Obama's health care overhaul. —tax penalty on larger employers not providing health insurance to workers: $178 billion. —annual fee on health insurance companies: $130 billion. —"Cadillac" tax on value of high-cost employer provided health insurance: $79 billion. —tax penalty on individuals who don't obtain health insurance: $38 billion.


Source: ABC News February 11, 2017 13:18 UTC



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