If people want the government to pay for stuff, that cash has to come from somewhere. That means taxes, and the tax required to cover people with preexisting conditions to get insurance under the Affordable Care Act will cost anybody with insurance $63 per year.
Tax to pay for preexisting conditions takes effect in 2014
No matter what a person's situation, people with preexisting problems should always be able to get insurance coverage. It should be given to everyone 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 ton of former 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 conditions. As with any government regulation of commerce, that means the money has to come from somewhere.
People who already have insurance and businesses purchasing it are now going to end up paying the additional costs, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Yearly cost of $63
Every person currently insured will have to pay a fee, according to ACA's text, in order to pay for the preexisting problems. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through companies will end up having to pay the fee.
If corporations pass on the fee to employees, then workers will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person each year, according to Salon.com. Companies will pay higher bills if they are larger and smaller bills if they are lower.
The good news is that the fee will drop from $63 in 2014 to $50 the next year. Each year, it will decrease until 2017 when it phases out altogether.
To cover Paul means taking from Peter
It seems like a really nice idea to help get health insurance for other people, but many 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 conditions.
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 companies with at least 500 workers have elevated premiums on health insurance, compared to 10 percent last year. Anybody with insurance can probably be ready to pay more in coming years, for every person else.
Tax to pay for preexisting conditions takes effect in 2014
No matter what a person's situation, people with preexisting problems should always be able to get insurance coverage. It should be given to everyone 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 ton of former 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 conditions. As with any government regulation of commerce, that means the money has to come from somewhere.
People who already have insurance and businesses purchasing it are now going to end up paying the additional costs, according to CBS. Between 2014 and 2017, $25 billion needs to be elevated somehow, though the requirement does not start until 2014.
Yearly cost of $63
Every person currently insured will have to pay a fee, according to ACA's text, in order to pay for the preexisting problems. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through companies will end up having to pay the fee.
If corporations pass on the fee to employees, then workers will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person each year, according to Salon.com. Companies will pay higher bills if they are larger and smaller bills if they are lower.
The good news is that the fee will drop from $63 in 2014 to $50 the next year. Each year, it will decrease until 2017 when it phases out altogether.
To cover Paul means taking from Peter
It seems like a really nice idea to help get health insurance for other people, but many 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 conditions.
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 companies with at least 500 workers have elevated premiums on health insurance, compared to 10 percent last year. Anybody with insurance can probably be ready to pay more in coming years, for every person else.
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