If people want the government to pay for stuff, that money has to come from someplace. That means taxes, and the tax required to pay for people with preexisting problems to get insurance under the Affordable Care Act will cost anybody with insurance $63 per year.
insurance for the masses
No matter what a person's situation, people with preexisting conditions should always be able to get insurance coverage. It should be given to any person who is willing to pay premiums to get it. Insurance is really essential to a person's health.
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 companies cannot exclude people from coverage due to preexisting problems. As with any government regulation of commerce, that means the money has to come from somewhere.
People who already have insurance and companies getting it are now going to end up paying the additional expenses, according to CBS. Between 2014 and 2017, $25 billion needs to be raised somehow, though the requirement does not start until 2014.
Fee to be issues
Everyone presently insured will end up having to pay a fee to give insurance to those with preexisting conditions though. About 190 million people get insurance through their companies, and the fee will most likely be passed on through them. Every business that gives insurance to employees will be paying, according to the ACA's text.
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 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.
In 2017, the fee will phase out entirely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Stealing cash to give to others
It seems like a really nice idea to help get health insurance for other people, but a lot of people will have to put even more in if everybody is going to be able to get coverage. The ACA requires that another $700 billion be raised in the next ten years on top of the $25 billion for those with preexisting problems.
According to the Washington Post, health insurance premiums are increasing everywhere due to the health care law. People can expect to pay more. HR consultancy Mercer did a survey that found 10 percent of companies with over 500 employees increased health insurance premiums last year. This year, that number was up to 12 percent of businesses.
insurance for the masses
No matter what a person's situation, people with preexisting conditions should always be able to get insurance coverage. It should be given to any person who is willing to pay premiums to get it. Insurance is really essential to a person's health.
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 companies cannot exclude people from coverage due to preexisting problems. As with any government regulation of commerce, that means the money has to come from somewhere.
People who already have insurance and companies getting it are now going to end up paying the additional expenses, according to CBS. Between 2014 and 2017, $25 billion needs to be raised somehow, though the requirement does not start until 2014.
Fee to be issues
Everyone presently insured will end up having to pay a fee to give insurance to those with preexisting conditions though. About 190 million people get insurance through their companies, and the fee will most likely be passed on through them. Every business that gives insurance to employees will be paying, according to the ACA's text.
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 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.
In 2017, the fee will phase out entirely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Stealing cash to give to others
It seems like a really nice idea to help get health insurance for other people, but a lot of people will have to put even more in if everybody is going to be able to get coverage. The ACA requires that another $700 billion be raised in the next ten years on top of the $25 billion for those with preexisting problems.
According to the Washington Post, health insurance premiums are increasing everywhere due to the health care law. People can expect to pay more. HR consultancy Mercer did a survey that found 10 percent of companies with over 500 employees increased health insurance premiums last year. This year, that number was up to 12 percent of businesses.
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