(Image source: Wichita Business Journal)

BY CHARESSE JAMES

Your medical plan is facing a new additional fee to help cover people with pre-existing conditions under President Obama’s healthcare overhaul. Here’s WTRF with more:

“You'll be expected to pay 63 dollars. The Obama administration says the money will cushion health insurance companies from the hard-to-predict costs of covering uninsured people with pre-existing conditions.”

Beginning in 2014, the additional cost is designed to raise $25 billion over the course of three years -though the fee is expected to decrease each year. According to WEAR, most of the money will go into a fund administered by the Health and Human Services Department and...

“The funds will aid health insurance companies with the initial costs of covering uninsured people with medical problems.”

Although the fee is temporary, the Associated Press reports that businesses are already embracing for the additional expenses and — how to pay for it.

VIA WINK: “The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, and according to employers-- most of that is likely to be passed on to workers.”

The Examiner adds, “It is a near-universal opinion that most of that cost will be transferred to employees by the employers.”

According to the Associated Press, this is part of a larger package of taxes and fees as part of the Affordable Care Act. Together with higher Medicare taxes for some, and other revenue-raising moves, it comes to about $700 billion over 10 years.

Obamacare's $63-Per-Person 'Surprise' Fee

by Charesse James
3
Sources:WTRFWEAR
Transcript
Dec 11, 2012

Obamacare's $63-Per-Person 'Surprise' Fee

(Image source: Wichita Business Journal)

BY CHARESSE JAMES

Your medical plan is facing a new additional fee to help cover people with pre-existing conditions under President Obama’s healthcare overhaul. Here’s WTRF with more:

“You'll be expected to pay 63 dollars. The Obama administration says the money will cushion health insurance companies from the hard-to-predict costs of covering uninsured people with pre-existing conditions.”

Beginning in 2014, the additional cost is designed to raise $25 billion over the course of three years -though the fee is expected to decrease each year. According to WEAR, most of the money will go into a fund administered by the Health and Human Services Department and...

“The funds will aid health insurance companies with the initial costs of covering uninsured people with medical problems.”

Although the fee is temporary, the Associated Press reports that businesses are already embracing for the additional expenses and — how to pay for it.

VIA WINK: “The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, and according to employers-- most of that is likely to be passed on to workers.”

The Examiner adds, “It is a near-universal opinion that most of that cost will be transferred to employees by the employers.”

According to the Associated Press, this is part of a larger package of taxes and fees as part of the Affordable Care Act. Together with higher Medicare taxes for some, and other revenue-raising moves, it comes to about $700 billion over 10 years.

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