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‘Unexpected’ $63 Fee ‘Found’ In Obama-Care

From an unfazed Associated Press:

Obamacare fee of $63 per person to begin in 2014

By Ricardo Alonso-Zaldivar | December 10, 2012

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 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.

None of this was "unexpected" or "buried." We have been talking about it for years. Like so many other parts of Obama-Care it was ignored by the mainstream media until after the 2010 midterms, and then the Supreme Court’s ruling, and then until after the November elections.

But now it is safe to talk about it.

Based on figures provided in the regulation, employer and individual health plans covering an estimated 190 million Americans could owe the per-person fee.

How many times did Obama swear he would never raise taxes on the middle class?

The Obama administration says it is a temporary assessment levied for three years starting in 2014, designed to raise $25 billion. It starts at $63 and then declines.

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…

The $25 billion fee is part of a bigger package of taxes and fees to finance Mr. Obama’s expansion of coverage to the uninsured. It all comes to about $700 billion over 10 years…

And bear in mind that this $700 billion in new costs are not even part of the so-called ‘fiscal cliff.’

The fee will be assessed on all “major medical” insurance plans, including those provided by employers and those purchased individually by consumers…

The fee will total $12 billion in 2014, $8 billion in 2015 and $5 billion in 2016. That means the per-head assessment would be smaller each year, around $40 in 2015 instead of $63.

It will phase out completely in 2017 — unless Congress, with lawmakers searching everywhere for revenue to reduce federal deficits — decides to extend the fees.

And we all know that will never happen. Fees are never ‘unexpectedly’ continued or increased.

This article was posted by Steve on Wednesday, December 12th, 2012. Comments are currently closed.

One Response to “‘Unexpected’ $63 Fee ‘Found’ In Obama-Care”

  1. BannedbytheTaliban says:

    That $63 and the 10% tanning tax won’t even get close to convering the federal health insurance subsidies in Obamacare. Subsides that can be has high as $6000/yr and go to households making up to 400% of the poverty level. That will qualify over 60% of all households to be on the government dole, and nobody is talking about it.

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