States to help pay Affordable Care Act Tax

Posted: September 1, 2014 in Business to business marketing, Healthcare Marketing, Marketing, Medical Marketing
Tags: , , ,

When the Affordable Care Act was first rolled out, Healthcare companies were expected to share the new cost do to the amount of increased customers they would be receiving. However, something unexpected has happened and the industry is receiving help from tax payers. Many states have spent about 700 million dollars this year to help cover the cost for their health plans. Private insurers are passing the tax along to policy holders in the form of higher premiums and Medicare health plans are getting the tax covered by the federal government. States will split the cost of Medicaid, with the federal government paying about 57 percent. It is estimated that health insurer tax will bring in at least $100 billion over the next decade from all insurers.
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