The Affordable Care Act, which many have taken to calling "Obamacare," requires any person with preexisting problems can't be excluded from medical health insurance plans. However, to get them onto programs means somebody will have to pay to get them insured. Everybody with insurance through employers will foot the bill, to the tune of $63 per year beginning in 2014.
insurance for the masses
People should be able to get insurance coverage if they are willing to pay premiums no matter what the situation is. Even people with preexisting medication conditions should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance corporations can no longer exclude those with preexisting conditions. The cash has to come from someplace to help pay for it though.
People who already have insurance and businesses getting it are now going to end up paying the extra costs, according to CBS. Between 2014 and 2017, $25 billion needs to be raised somehow, though the requirement does not start until 2014.
Only $63 a year
Buried in the ACA's text is a fee that has to be imposed on every person that currently is insured, to pay for those with preexisting conditions. The fee is going to be assessed on every business that provides insurance for its workers, much of which will likely be passed on to the roughly 190 million people who get insurance through their companies.
The fee is going to be passed to corporations on a yearly basis of $63 per insured person. That means the bill is higher for large companies and not so bad for small companies. The fee will likely be passed down to employees at an additional $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.
On the bright side, the fee declines yearly after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out entirely in 2017.
Just a little bit of Robin Hood
The ACA also states that $700 billion needs to be raised over ten years on top of the $25 billion to cover preexisting condition costs. Lots of people end up losing cash when they have to pay for others to get health insurance, regardless how nice of an idea it is.
As a result 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 elevated premiums on health insurance, compared to 10 percent last year. Anybody with insurance can probably expect to pay more in coming years, for everybody else.
insurance for the masses
People should be able to get insurance coverage if they are willing to pay premiums no matter what the situation is. Even people with preexisting medication conditions should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance corporations can no longer exclude those with preexisting conditions. The cash has to come from someplace to help pay for it though.
People who already have insurance and businesses getting it are now going to end up paying the extra costs, according to CBS. Between 2014 and 2017, $25 billion needs to be raised somehow, though the requirement does not start until 2014.
Only $63 a year
Buried in the ACA's text is a fee that has to be imposed on every person that currently is insured, to pay for those with preexisting conditions. The fee is going to be assessed on every business that provides insurance for its workers, much of which will likely be passed on to the roughly 190 million people who get insurance through their companies.
The fee is going to be passed to corporations on a yearly basis of $63 per insured person. That means the bill is higher for large companies and not so bad for small companies. The fee will likely be passed down to employees at an additional $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.
On the bright side, the fee declines yearly after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out entirely in 2017.
Just a little bit of Robin Hood
The ACA also states that $700 billion needs to be raised over ten years on top of the $25 billion to cover preexisting condition costs. Lots of people end up losing cash when they have to pay for others to get health insurance, regardless how nice of an idea it is.
As a result 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 elevated premiums on health insurance, compared to 10 percent last year. Anybody with insurance can probably expect to pay more in coming years, for everybody else.
No comments:
Post a Comment