USA TODAY analyzed federal data and the healthcare law, finding that the law is projected to add more than $800 billion in taxes, fees and penalties to the federal budget over the next decade.
However, 40 percent of that amount will come from 3.5 million households that have adjusted gross incomes higher than $200,000. Employers, health insurers, medical device manufacturers and other healthcare providers are expected to bear most of the remaining amount, according to the report.
The taxes that will affect middle-income taxpayers include the individual mandate, which is expected to impact 4 million people across all income brackets, as well as flexible health spending account limits and new regulations regarding the deduction of medical expenses.
More Articles on the Healthcare Reform Law:
6 Key Issues Facing Healthcare in the Second Half of 2012
How Will the IRS Collect the New Healthcare Law Tax?
What the Healthcare Law Ruling Means: 4 Points to Keep in Mind
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.