Obamacare

Obamacare fee of $63 per person to be implemented in the new year

Monday, December 17, 2012 by: J. D. Heyes
Tags: Obamacare, taxes, fees

Pin It
(NaturalNews) Do you remember, at the height of the debate over the Affordable Care Act - the monstrosity that became known not so affectionately as "Obamacare" - when then-House Speaker Pelosi, D-Calif., took to the dais at the 2010 Legislative Conference for the National Association of Counties with this outrageous statement: "...[W]e have to pass the bill so that you can find out what is in it, away from the fog of controversy."

She was talking about a piece of legislation that numbered some 2,700 pages - a massive bill that most members of Congress admitted they had not read and would never read (though trust us when we tell you these same lawmakers already knew exactly what was in it).

Well, Pelosi must be feeling very relieved these days because now, at long last, Americans are finally getting to find out exactly what's in the bill that she and others refused to discuss in detail prior to its passage.

'So many new taxes and fees during a time of economic uncertainty'

What Americans will learn first and foremost is that Obamacare will be infinitely more expensive than they were told - costs all of us will be forced to bear, even if we vehemently opposed this blatant expansion of government power over an industry that amounts to about one-seventh of the U.S. economy.

Whether they are called "taxes" or "fees" or "regulatory costs," Americans will be hit up six ways from Sunday for costs related to the law that President Obama, Pelosi, Senate Majority Leader Harry Reid, D-Nev., and everyone else who voted for it said would never pass to us.

One such fee-tax-regulatory cost is a $63-per-person stipend almost no one knew about that will help cover people who have preexisting conditions - a cost that, most likely, will be passed onto each insured person.

Again, you can thank President Obama's healthcare "overhaul."

The charge was, of course, buried in the recent regulation. It will work out to tens of millions of dollars for the largest companies, employers say.

In an interview with the Washington Times, employee benefits attorney Chantel Sheaks called it a "sleeper issue" that will have significant consequences, especially for the nation's largest employers - all at a time when unemployment remains at historic highs.

"Especially at a time when we are facing economic uncertainty, [companies will] be hit with a multimillion-dollar assessment without getting anything back for it," Sheaks, a principal at Buck Consultants, a Xerox subsidiary, told the paper.

Based on figures contained within the regulation, some 190 million Americans on health plans for employers and individuals could wind up owing the per-person fee.

Obama administration officials say the previously undisclosed fee is only temporary, levied for three years beginning in 2014 and designed to raise $25 billion. The fee begins at $63 then falls.

Most of that money is expected to go into a fund that will be administered by the Department of Health and Human Services. Officials say it will be used to cushion health insurance companies from the initial hard-to-predict costs of covering previously uninsured people who have preexisting medical problems. Beginning Jan. 1, 2014, insurers will be forbidden from turning away already-sick patients under Obamacare statutes.

Just the beginning

The initiative "is intended to help millions of Americans purchase affordable health insurance, reduce reimbursed usage of hospital and other medical facilities by the uninsured and thereby lower medical expenses and premiums for all," the administration says in the regulation (Note: Insurance companies that are actually in the business of insuring people say rates are going to go up, not down - and could, in fact, double in the short term).

But here's the kicker. The initial $25 billion hike is just the beginning, "part of a bigger package of taxes and fees to finance Mr. Obama's expansion of coverage to the uninsured," the Times said. Over the course of the next decade, the total tab is closer to $700 billion, though no one in the administration is talking about what this additional burden will do to a still-struggling economy.

What else is included? Higher Medicare taxes, beginning Jan. 1, on people who make more than $200,000 a year or couples making less than $250,000 (Obama, always the class warrior, once pledged not to raise any taxes on folks earning less than $250,000).

The thing that Americans need to know is that these initial Obamacare taxes and "fees" are just the beginning. Needless to say, we'll be covering this issue closely.

Sources:

http://www.washingtontimes.com

http://blog.heritage.org

http://www.bloomberg.com

Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Join over four million monthly readers. Email privacy 100% protected. Unsubscribe at any time.

Articles Related to This Article:

Under Obamacare, cancer patients could pay thousands of dollars a month out of pocket for treatment

Obamacare to soon cost the average American family $20,000 a year, announces IRS

Obamacare to unleash crushing new taxes, trillions in debt, huge job losses, and it doesn't even cover natural medicine

South Carolina to criminalize implementation of Obamacare; showdown with feds inevitable

Cause and effect: Americans who voted for Obama now seeing weekly job hours slashed below 30 as Obamacare kicks in

Obamacare will collapse under the weight of rising premiums

Related video from NaturalNews.TV


Your NaturalNews.TV video could be here.
Upload your own videos at NaturalNews.TV (FREE)

Have comments on this article? Post them here:

comments powered by Disqus

Related Articles:

Under Obamacare, cancer patients could pay thousands of dollars a month out of pocket for treatment

Obamacare to soon cost the average American family $20,000 a year, announces IRS

Obamacare to unleash crushing new taxes, trillions in debt, huge job losses, and it doesn't even cover natural medicine

South Carolina to criminalize implementation of Obamacare; showdown with feds inevitable

Cause and effect: Americans who voted for Obama now seeing weekly job hours slashed below 30 as Obamacare kicks in

Obamacare will collapse under the weight of rising premiums

Take Action: Support NaturalNews.com

Email this article to a friend

Permalink to this article:

Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link.

Embed article link: (copy HTML code below):
Most Popular
Today | Week | Month | Year

See all Top Headlines...




GET YOUR FREE GIFT + SHOW DETAILS.


Now Available from NaturalNews.TV

Also on NaturalNews:

Health Ranger Videos
Activist music
CounterThink Cartoons
Food documentaries
FREE Special Reports
Podcasts
Colloidal Silver
Advertise with NaturalNews...

Support NaturalNews Sponsors:
Advertise with NaturalNews...

Most Popular Stories

U.S. dairy industry petitions FDA to approve aspartame as hidden, unlabeled additive in milk, yogurt, eggnog and cream
EXPOSED: Angelina Jolie part of a clever corporate scheme to protect billions in BRCA gene patents, influence Supreme Court decision (opinion)
Prominent rifle manufacturer killed in mysterious car crash days after posting psych drug link to school shooters
How Angelina Jolie was duped by cancer doctors into self mutilation for breast cancer she never had
Angelina Jolie inspires women to maim themselves by celebrating medically perverted double mastectomies
Facebook bans Gandhi quote as part of revisionist history purge
McDonald's closing all restaurants in Bolivia as nation rejects fast food
BREAKING: European Commission to criminalize nearly all seeds and plants not registered with government
Obama betrays America yet again by signing the 'Monsanto Protection Act' into law
It's on! Farmers begin suing Monsanto over genetic pollution of wheat crops
GMO feed turns pig stomachs to mush! Shocking photos reveal severe damage caused by GM soy and corn
Monsanto hires infamous mercenary firm Blackwater to track activists around the world

25 Amazing Facts About Food

This FREE downloadable report unveils a collection of astonishing and little-known facts about the food we eat very day. Click here to read it now...

 

Resveratrol and its Effects on Human Health and Longevity - Myth or Miracle.

Unlock the secrets of cellular health with the "miracle" nutrient Resveratrol Click here to read it now...

 

Nutrition Can Save America

FREE online report shows how we can save America through a nutrition health care revolution. "Eating healthy is patriotic!" Click here to read it now...

The Healing Power of Sunlight and Vitamin D

In this exclusive interview, Dr. Michael Holick reveals fascinating facts on how vitamin D is created and used in the human body to ward off chronic diseases like cancer, osteoporosis, mental disorders and more. Click here to read it now...

Vaccines: Get the Full Story

The International Medical Council on Vaccination has released, exclusively through NaturalNews.com, a groundbreaking document containing the signatures of physicians, brain surgeons and professors, all of which have signed on to a document stating that vaccines pose a significant risk of harm to the health of children. Click here to read it now...

Health Ranger Storable Organics

GMO-free, chemical-free foods and superfoods for long-term storage and preparedness. See selection at www.StorableOrganics.com



Recommended Resources On:

Natural News trends
Health Ranger news
Natural News GMOs
Mike Adams tracker
Natural News photos
Natural News Global
Natural News in focus
Natural News connect
Natural News shocking stories
Natural News radar
GMOs
Quackwatch
Vaccines
Health freedom
Dr. Paul Offit

This site is part of the Natural News Network © 2013 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.