If people want the government to pay for stuff, that money has to come from somewhere. That means taxes, and the tax required to cover people with preexisting problems to get insurance under the Affordable Care Act will cost any person with insurance $63 per year.
Tax to pay for preexisting conditions takes effect in 2014
It is certainly true that people with preexisting problems, or preexisting medical problems, most likely should be able get insurance coverage. If they're willing to pay premiums, why shouldn't they be allowed to have it?
It turns out the federal government agreed, or at least a lot of previous Democratic congressmen agreed and they passed the Affordable Care Act, mistakenly referred to as "Obamacare" though all the president did was sign it into law. As a result, insurance businesses cannot exclude people from coverage due to preexisting problems. As with any other government regulation of commerce, that means the cash has to come from someplace.
People who already have insurance and corporations purchasing it are now going to end up paying the extra expenses, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Cost not very high
Buried in the ACA's text is a fee that has to be imposed on everyone that currently is insured, to pay for those with preexisting problems. The fee is going to be assessed on every business that provides insurance for its employees, much of which will likely be passed on to the roughly 190 million people who get insurance through their employers.
The fee is going to be passed to companies on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small companies. The fee will likely be passed down to workers at an extra $5.25 a month to get it all paid. It may not trigger you to run for payday loans to pay the rent, but it could seriously impact people on tight budgets.
In 2017, the fee will phase out completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Should be known as the Robin Hood bill
It seems like a really nice idea to help get health insurance for other people, but a number of people are going to have to put even more in if everybody is going to be able to get coverage. The ACA needs that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting problems.
Because of the health care law, premiums have been starting to slowly go up. For instance, According to the Washington Post, HR consultancy Mercer found in a recent survey this year that 12 percent of employers with at least 500 workers have raised premiums on health insurance, compared to 10 percent last year. Any person with insurance can probably expect to pay more in future years, for every person else.
Tax to pay for preexisting conditions takes effect in 2014
It is certainly true that people with preexisting problems, or preexisting medical problems, most likely should be able get insurance coverage. If they're willing to pay premiums, why shouldn't they be allowed to have it?
It turns out the federal government agreed, or at least a lot of previous Democratic congressmen agreed and they passed the Affordable Care Act, mistakenly referred to as "Obamacare" though all the president did was sign it into law. As a result, insurance businesses cannot exclude people from coverage due to preexisting problems. As with any other government regulation of commerce, that means the cash has to come from someplace.
People who already have insurance and corporations purchasing it are now going to end up paying the extra expenses, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Cost not very high
Buried in the ACA's text is a fee that has to be imposed on everyone that currently is insured, to pay for those with preexisting problems. The fee is going to be assessed on every business that provides insurance for its employees, much of which will likely be passed on to the roughly 190 million people who get insurance through their employers.
The fee is going to be passed to companies on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small companies. The fee will likely be passed down to workers at an extra $5.25 a month to get it all paid. It may not trigger you to run for payday loans to pay the rent, but it could seriously impact people on tight budgets.
In 2017, the fee will phase out completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Should be known as the Robin Hood bill
It seems like a really nice idea to help get health insurance for other people, but a number of people are going to have to put even more in if everybody is going to be able to get coverage. The ACA needs that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting problems.
Because of the health care law, premiums have been starting to slowly go up. For instance, According to the Washington Post, HR consultancy Mercer found in a recent survey this year that 12 percent of employers with at least 500 workers have raised premiums on health insurance, compared to 10 percent last year. Any person with insurance can probably expect to pay more in future years, for every person else.
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