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  • "We have to pass it to find out what's in it "
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Replying to "We have to pass it to find out what's in it "

roor:

Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.

The Obama administration says it is a temporary assessment levied for three years starting in 2014, designed to raise $25 billion. It starts at $63 and then declines.

Most of the money will go into a fund administered by the Health and Human Services Department. It will be used to cushion health insurance companies from the initial hard-to-predict costs of covering uninsured people with medical problems. Under the law, insurers will be forbidden from turning away the sick as of Jan. 1, 2014.

Next we should lobby congress to alow people to take out insurence on burning buildings.

Anyway
63$ in addition to a 7% increase in costs more than double the 4% increase of last year. It is going to be cheaper for coperations to pay the penalty for not providing health care if they need full time employees . All major Companies like Walmart target , red lobster are thinking about reducing all low wage employees to less than 25 hours to avoid mandatory healthcare. Walmart who has healthcare for current full time 40 hour employees is contemplating abolishing the plan altogether. Small buisness on the other hand is afraid to grow because once they employ more than 50 they have to provide mandatory healthcare. foward!

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