Monday, December 10, 2012

Surprise!  Another surprising hidden tax in Obamacare.

Obamacare Pre-Existing Condition Fee To Cost Companies $63 Per Person

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 charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.
Employee benefits lawyer Chantel Sheaks calls it a "sleeper issue" with significant financial consequences, particularly for large employers.
"Especially at a time when we are facing economic uncertainty, (companies will) be hit with a multi-million dollar assessment without getting anything back for it," said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.
Based on figures provided in the regulation, employer and individual health plans covering an estimated 190 million Americans could owe the per-person fee.


John Kasaian said...

My Anthem/Blue Cross policy just increased by 22%.

Peter Bradley said...

You know if there was a Republican in the White House this would be a real problem!!!

Who links to me?