The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Surprise-Another New Employer Fee in Obamacare||Date: 12/10/2012 5:31 PM|
|Author: tjscott0||Number: 659281 of 740390|
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.
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.
Wonder if there's any more little landmines in Obamacare.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|