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AHIP - The ACA imposes a new $100 billion sales tax on health insurance that will add to the cost of coverage for people purchasing coverage on their own, small employers, Medicare Advantage beneficiaries, and Medicaid managed care programs. The Congressional Budget Office (CBO) has said that this tax will be “largely passed through to consumers in the form of higher premiums.” An analysis by Oliver Wyman estimates that this tax alone “will increase premiums in the insured market on average by 1.9% to 2.3% in 2014,” and by 2023 “will increase premiums 2.8% to 3.7%.”

The numbers for Colorado hit home, with the cost of this tax to a family that gets their insurance through a small employer estimated to total $7005 over the first ten years. For more on how these numbers impact you, view the AHIP Colorado Infographic, or the national impact information here.

Go here to view more information from America's Health Insurance Plans (AHIP), or download the PDF with Colorado Information for your use.

 


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