Insurance tax penalizes lower income bracket

President Obama care or the ASA includes taxes on about 30 different things. The first one took effect on Jan. 1. It targets small business (under 50 employees) and individual markets. It is projects to collect $8 billion in 2014 and $101 billion over the next decade.

Most employers with more than 500 workers and most union negotiated health plans are self insured thus are spared from the tax. So is insurance run on behalf of “Government Entities” such as original Medicare. This political selectivity means that most gold plated public, private and labor plans are exempt. Thus, the tax burden f...