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.
More @ Yahoo
That picture insults witchdoctors. They deserve better than to be associated with Obama
ReplyDeletegood one!:)
ReplyDeleteBut aren't the insurance co's required (for a few yrs now) to insure pre-existing conditions? So is there something new in this one?
ReplyDeleteOr is the fee new under obamacare or what? It is confusing...but that's what obamacare is all about!
An answer/explanation will be appreciated by me and many others!
Thank you!
They are required, but looks like they will just charge the consumer more.
DeleteThe 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.