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

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
BACK INTO THE CLOSET: Why U.S. reporters are not allowed to write about rainbow events in nations where being gay is still condemned
Depopulation test run? 75% of children who received vaccines in Mexican town now dead or hospitalized
INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF
A family destroyed: Six-month-old dies after clinic injects baby with 13 vaccines at once without mother's informed consent
Biologist explains how marijuana causes tumor cells to commit suicide
BOMBSHELL: China and America already at war: Tianjin explosion carried out by Pentagon space weapon in retaliation for Yuan currency devaluation... Military helicopters now patrolling Beijing
Companies begin planting microchips under employees' skin
BAM! Chipotle goes 100% non-GMO; flatly rejecting the biotech industry and its toxic food ingredients
ECONOMIC SLAVERY FOR ALL: While we were distracted with the Confederate flag flap, Congress quietly forfeited our entire economic future via fast-track trade authority
McDonald's in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food
March Against Monsanto explodes globally... World citizens stage massive protests across 38 countries, 428 cities... mainstream media pretends it never happened
SCOTUS same-sex marriage decision may have just legalized the concealed carry of loaded firearms across all 50 states, nullifying gun laws everywhere
Vicious attack on Dr. Oz actually waged by biotech mafia; plot to destroy Oz launched after episode on glyphosate toxicity went viral
Nearly every mass shooting in the last 20 years shares one surprising thing? and it's not guns
Holistic cancer treatment pioneer Dr. Nicholas Gonzalez dies suddenly; patients mourn the loss of a compassionate, innovative doctor who helped thousands heal from cancer
Inuit Elders tell NASA Earth Axis Shifted
Wild eyes and bowl cuts: Why do mass shooters always share the same hair styles and crazed zombie stares?
Genetically white woman now claims self-identify as black: If you can choose your gender, can you also choose your race? What about your species? Can a human claim to be a llama?
Delicious
(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

Follow real-time breaking news headlines on
Obamacare at FETCH.news
Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

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

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.