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Mon Dec 10, 2012, 03:45 PM

Surprise: New insurance fee in health overhaul law

Source: AP-Excite

http://apnews.excite.com/article/20121210/DA333OJ80.html

WASHINGTON (AP) - Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.

The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

Employee benefits lawyer Chantel Sheaks calls it a "sleeper issue" with significant financial consequences, particularly for large employers.

"Especially at a time when we are facing economic uncertainty, (companies will) be hit with a multi-million dollar assessment without getting anything back for it," said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.

FULL story at link.


Read more: http://apnews.excite.com/article/20121210/DA333OJ80.html





This March 23, 2010 file photo shows Ttwenty two pens next to President Barack Obama as he signs the health care reform bill in the East Room of the White House in Washington. Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama’s health overhaul. The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest company health plans, and much of that is likely to be passed on to employees. Multiple pens are used to sign legislation, and then distributed to supporters of the legislation. (AP Photo/Charles Dharapak, File)

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Arrow 26 replies Author Time Post
Reply Surprise: New insurance fee in health overhaul law (Original post)
Omaha Steve Dec 2012 OP
lumberjack_jeff Dec 2012 #1
Yo_Mama Dec 2012 #22
Flatulo Dec 2012 #2
Sedona Dec 2012 #3
WilliamPitt Dec 2012 #4
pnwmom Dec 2012 #6
WilliamPitt Dec 2012 #11
pnwmom Dec 2012 #14
CreekDog Dec 2012 #24
Sandy one Dec 2012 #26
LiberalFighter Dec 2012 #5
tarheelsunc Dec 2012 #7
cbayer Dec 2012 #10
tarheelsunc Dec 2012 #16
cbayer Dec 2012 #17
SoapBox Dec 2012 #19
cbayer Dec 2012 #20
elleng Dec 2012 #21
msongs Dec 2012 #8
RegieRocker Dec 2012 #9
WilliamPitt Dec 2012 #12
maxsolomon Dec 2012 #13
RC Dec 2012 #15
lobodons Dec 2012 #18
Skittles Dec 2012 #23
high density Dec 2012 #25

Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 03:49 PM

1. "unexpected"?

HCR includes a provision preventing insurance companies from refusing those with preexisting conditions??? Who knew!

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Response to lumberjack_jeff (Reply #1)

Mon Dec 10, 2012, 10:20 PM

22. The fee was set forth in regulation, rather than in the law

That's why it was unexpected. The companies did not expect it because this particular cost was just created.

The regs are still being written for ObamaCare.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 03:49 PM

2. Great, another excuse for companies to whine and outsource jobs.

Single-payer for all.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 03:49 PM

3. Not getting anything back?


"Especially at a time when we are facing economic uncertainty, (companies will) be hit with a multi-million dollar assessment without getting anything back for it," said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.

They are getting their employees with pre existing conditions insured at a lower over all rate.

I'll take the $63 hit if it saves me hundreds, perhaps thousnads per year on my pre existing condition premiums.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 03:52 PM

4. Sooner or later, everyone everyone everyone will have a "pre-existing condition."

In the meantime, thank you, America, for making sure my wife with MS will never go without coverage.

Yes, in fact, we are all in this together.

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Response to WilliamPitt (Reply #4)

Mon Dec 10, 2012, 04:09 PM

6. You are so right. Those who think they'll never have a preexisting condition are deluding themselves

It's a matter of time, luck, and genes, little of which one can control.

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Response to WilliamPitt (Reply #11)

Mon Dec 10, 2012, 05:09 PM

14. That's a great piece. Thank you.

I remember when a well-meaning nurse friend told me I shouldn't follow up on my son's asthma symptoms, because if he had that word on his record he'd have a preexisting condition.

So, asthma -- that's another one.

I couldn't imagine failing to get care for my wheezing son NOW because it might make him uninsurable in the future, but that's what the nurse would have done, if it were her kid.

Thank goodness for Obamacare. There's a floor under us now. Yeah, it would be nicer if there were a whole house called Medicare on top of it, but at least it's a floor. Better than the abyss we'd been staring into.

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Response to WilliamPitt (Reply #4)

Mon Dec 10, 2012, 10:36 PM

24. sometimes people who make ACA out to be the enemy of single payer forget how desperate some are

how desperate some with disabilities and major chronic conditions are in need of some reform, any reform.

there are some that want the whole health care system to fall apart and feel that only then will it be reconstructed into a single payer system.

that's insane. there are so many people, seemingly helpless in the face of the health care system who would benefit and desperately need even the chance to get insurance.

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Response to WilliamPitt (Reply #4)

Tue Dec 11, 2012, 12:43 PM

26. Big deal.......

$63...what is the big deal?It costs $12-$15 to go see a lousy movie in 3D. It costs $25 to get just a passable meal for 4 in any fast food joint. Let's put something in perspective. It costs hundred of dollars to take a family to a ball game.Millions of seats are filled every season. Or better yet let all those people with pre-existing conditions die and everyone go out to dinner, a movie and a game!

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 04:00 PM

5. And the 85/15 80/20 medical loss ratio is still in effect

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 04:14 PM

7. $63 per minute? per day? per week? per paycheck? per month? per year? per lifetime?

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Response to tarheelsunc (Reply #7)

Mon Dec 10, 2012, 04:34 PM

10. Per year. It goes down every year for the 3 years it is in place, then it expires.

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Response to cbayer (Reply #10)

Mon Dec 10, 2012, 05:24 PM

16. $63 per year is a small price to pay to ensure everyone has access to health coverage.

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Response to tarheelsunc (Reply #16)

Mon Dec 10, 2012, 05:25 PM

17. Agree. They can afford it.

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Response to cbayer (Reply #17)

Mon Dec 10, 2012, 08:20 PM

19. $63 dollars per???? Thank you for answering exactly my question.

$63 per year?

That's a whopping $5.25 per month (or $2.62 per pay check for me...we get paid twice per month) and for only 3 years?

Bring it! I'm MORE than happy to help out at this time (I have insurance via my employer...we have a couple of hundred THOUSAND employees, so they're not going to be able to pull to much bullshit)...and 3 years? Who cares!

But I'm curious, why is this just being discovered now? Didn't all of those thousands of lawyers for Health and Pharma, look at this bill earlier?

Sound like so much bull.

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Response to SoapBox (Reply #19)

Mon Dec 10, 2012, 08:29 PM

20. It's not being discovered just now.

It's being brought up just now.

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Response to tarheelsunc (Reply #16)

Mon Dec 10, 2012, 08:37 PM

21. Right. Companies can afford it, and so can many individuals,

MUCH more easily than NOT having insurance coverage for such conditions.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 04:27 PM

8. the welfare for insurance companies act will have many such outcomes nt

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 04:30 PM

9. Did you think this through by any chance?

 

First: There is a cap on the profits they can make. Second: Doesn't medical services to those that don't have it cost you more in taxes? This will be a wash and a good thing. Getting the taxes down by reducing pork crap and military spending should be your concern. Not this. Only way taxes will go down is if spending and the deficit goes down. Oh and if there is NO CARBON TAX! Not for citizens maybe for corporations. Tax breaks for citizens!

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 04:51 PM

13. so that's why our premium went up 24% for 2013?

$63 is only 24% of my premium? such a bargain!

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 05:22 PM

15. How many billions do the health insurance companies take in that goes for overhead, profits, etc.,

 

that drive up the cost of health care, over and above that which it would be if we had Single Payer, Universal Health Care in this country?

Don't give me that 85% has to go for health care. There's still that 15% that is in the billions. And how much of the 85% can be skimmed off for purposes other than someone's health care? Health Care in this country is a racket. Al Capone would be proud, with all the death for money the health insurance companies engage in.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 06:21 PM

18. What about the Credit we should get back

What about the credit we should get back from the insurance companies now that we don't have to subsidize the emergency room visits made by those without insurance? Surely that savings is more than $63/ year.

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 10:30 PM

23. $63, LOL

THAT is just the "introductory fee"

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Response to Omaha Steve (Original post)

Mon Dec 10, 2012, 10:45 PM

25. $63/year? Seriously?

What a joke to be whining about that.

If employers want to get something "back" for their money in regards to healthcare, they should've been putting their millions into pumping up single payer healthcare a few years ago instead of letting Sarah Palin yack about death panels and socialism. All of this shit would be a moot point.

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