The Affordable Care Act, which many have taken to calling "Obamacare," mandates 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. Every person with insurance through employers will foot the bill, to the tune of $63 each year beginning in 2014.
Preexisting conditions tax to start in annually
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 problems should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance businesses can no longer exclude those with preexisting problems. The money has to come from somewhere to help pay for it though.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will need to be raised to pay for all of it. The only people left to pay for the extra costs are those who already have insurance and the companies who are forced to buy it for workers.
Cost not very high
Everybody presently insured will end up having to pay a fee to give insurance to those with preexisting problems 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 businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers 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 completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Just a little bit of Robin Hood
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated from numerous sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to pay for Paul, so to speak.
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 raised premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
Preexisting conditions tax to start in annually
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 problems should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance businesses can no longer exclude those with preexisting problems. The money has to come from somewhere to help pay for it though.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will need to be raised to pay for all of it. The only people left to pay for the extra costs are those who already have insurance and the companies who are forced to buy it for workers.
Cost not very high
Everybody presently insured will end up having to pay a fee to give insurance to those with preexisting problems 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 businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers 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 completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Just a little bit of Robin Hood
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated from numerous sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to pay for Paul, so to speak.
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 raised premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
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The Affordable Care Act, which many have taken to calling "Obamacare," mandates 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. Every person with insurance through employers will foot the bill, to the tune of $63 each year beginning in 2014.
Preexisting conditions tax to start in annually
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 problems should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance businesses can no longer exclude those with preexisting problems. The money has to come from somewhere to help pay for it though.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will need to be raised to pay for all of it. The only people left to pay for the extra costs are those who already have insurance and the companies who are forced to buy it for workers.
Cost not very high
Everybody presently insured will end up having to pay a fee to give insurance to those with preexisting problems 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 businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers 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 completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Just a little bit of Robin Hood
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated from numerous sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to pay for Paul, so to speak.
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 raised premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
Preexisting conditions tax to start in annually
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 problems should have the ability to get covered.
Due to the Affordable Care Act that was passed by the Obama administration, insurance businesses can no longer exclude those with preexisting problems. The money has to come from somewhere to help pay for it though.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will need to be raised to pay for all of it. The only people left to pay for the extra costs are those who already have insurance and the companies who are forced to buy it for workers.
Cost not very high
Everybody presently insured will end up having to pay a fee to give insurance to those with preexisting problems 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 businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers 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 completely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Just a little bit of Robin Hood
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated from numerous sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to pay for Paul, so to speak.
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 raised premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
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