Sunday, January 11, 2015

The Obamacare Tax Shock That Could Have You Pulling Your Hair Out

Statistically the Affordable Care Act, better known as Obamacare, looks like a success based on figures from the 2013-2014 enrollment period. Although an unwelcome enrollment restatement from the Department of Health and Human Services lowered the number of paying members to 6.7 million in November, a number below the initial 7 million target established by the Congressional Budget Office in September 2013, the uninsured rate dipped to 13.4% in Q3 2014, the lowest on record since Gallup began keeping polls on the uninsured rate in 2008.
Obamacare is ultimately designed to compel consumers to purchase health insurance in the hope of distributing healthcare expenditures over a greater swath of the U.S. adult population. This way premium and medical cost inflation should be under control over the long term. A lower uninsured rate would imply that we're closer to this goal than we were at this time last year.
Obamacare is changing more than just healthcare
However, an Obamacare disaster could be looming... and it has nothing to do with the Supreme Court decision expected in June. Instead, this surprise could be waiting for you when you file your taxes.

http://www.fool.com/investing/general/2015/01/11/the-obamacare-tax-shock-that-could-have-you-pullin.aspx 

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