The lowdown: New taxes and fees target businesses expected to profit as more Americans get insurance. The companies will pass along these expenses as higher prices when they can. Companies that make or import brand-name prescription drugs paid a total of $2.5 billion in 2011, the first year for their fees. Insurance companies will share in paying an annual fee that starts at $8 billion for the first year.
When: Began last year for drug companies; starts in 2013 for device makers, 2014 for insurance companies.
Who pays: People who set aside tax-free savings to pay for health care.
How much: About $33 billion over 10 years
The lowdown: The law limits annual contributions to medical Flexible Spending Accounts to $2,500; there was no government limit before. Many employers had allowed $5,000 in the accounts, and some even more. But the average contribution was only $1,400 per year, so relatively few workers will be affected. Four in 10 employees have jobs that give them the chance to sign up for these accounts.
When: Contribution limit begins in 2013.
TAXPAYERS WHO TAKE WRITE-OFFS
Who pays: People with big medical or dental bills who itemize deductions.
How much: Almost $19 billion over 10 years. Currently, taxpayers have to spend more than 7.5 percent of their adjusted gross income on medical care to qualify for a deduction. The threshold will rise to 10 percent. So a household with income of $50,000 would have to spend $5,000 on health care before deducting amounts above that.
The lowdown: Most Americans don't have enough out-of-pocket expenses, those not paid by insurance, to meet even the lower threshold.
When: 2013 (delayed until 2017 for taxpayers age 65 or over)
- Disney ending funding to Boy Scouts in 2015...
- Girl Scouts asked to end partnership with Barbie
- Obama administration allows 2-year extension...
- New Ukraine prime minister: Crimea will...
- Looking to win a battle in the 16th century?...
- 23 Mormon missionaries in Ukraine transferred...
- Former baseball star Mariano Rivera rescues,...
- US announces visa restrictions on Russians
- No longer loyal to Boy Scouts of... 51
- Obama administration allows 2-year... 22
- Putin: Russia has right to use force in... 21
- Disney ending funding to Boy Scouts in... 20
- Thousands march in pro-invasion rally... 11
- Obama appeals to Democrats in 2015... 11
- Former IRS official Lois Lerner again... 10
- Ukrainian software professionals... 10