XML 54 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
INCOME TAXES
The effective income tax rate from operations was 53.5% and 38.4% for the three months ended March 31, 2014 and 2013, respectively. For the three months ended March 31, 2014, our effective tax rate was impacted for the first time by the health insurer fee which became effective under the ACA. The fee is not deductible for federal income tax purposes and in many state jurisdictions. The impact of the non-deductibility of the health insurer fee for the three months ended March 31, 2014 was an increase to our effective tax rate of 14.5 percentage points. The health insurer fee is effective for calendar years beginning after December 31, 2013 and is payable in 2014. See Note 2, under the heading "Accounting for Certain Provisions of the ACA—Premium-based Fee on Health Insurers" for additional information regarding the health insurer fee. Other items which cause our effective tax rate to differ from the statutory federal tax rate of 35% for the three months ended March 31, 2014 include state income taxes, tax-exempt interest and non-deductible compensation.