Contact Us

The Consequences Of The Affordable Care Act; Obamacare Roll-Out Unveils New Fees

(Photo by Justin Sullivan/Getty Images)

Call it the Affordable Care Act.  Call It Obamacare.  Most folks are going to call it costly.  As the roll-out of Obamacare starts, taxpayers and insurance customers are going to notice that they’re paying additional fees that weren’t effectively presented up front.

A new fee will be applied to every person who holds medical health insurance, and it’s purpose is to pay for other people who have pre-existing conditions.

The $63-per-head fee – buried in a recent regulation -will hit health plans serving an estimated 190 million Americans, mostly workers and their families. It’s payable starting in 2014.

Employers are not happy. The cost of compliance works out to tens of millions of dollars for the largest companies, maybe a few hundred for small firms. Most of that will get passed on to workers.

Followers of the bill – on both sides – agree that more expenses are to be expected as the country prepares for universal health coverage.

 

AP News: Surprise: New insurance fee in health overhaul law.

More from KOOL 101.7

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kool1017.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Kool 101.7 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on Kool 101.7 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!