If people want the federal government to cover stuff, that money has to come from somewhere. That means taxes, and the tax required to pay for people with preexisting problems to get insurance under the Affordable Care Act will cost everyone with insurance $63 per year.
Giving everyone insurance
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.
Because of the Affordable Care Act that was passed by the Obama administration, insurance corporations can no longer exclude those with preexisting conditions. The money has to come from somewhere to help pay for it though.
The additional costs on insurance corporations means the people left holding the check are those that already have insurance and the employers who purchase it, according to CBS. It doesn't kick in until 2014, but $25 billion has to be elevated between 2014 and 2017.
Fee to be issues
Everybody currently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting problems. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through companies will end up having to pay the fee.
If companies pass on the fee to workers, then employees will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person per year, according to Salon.com. Businesses will pay higher bills if they are larger and smaller bills if they are lower.
The good news is that the fee will drop from $63 in 2014 to $50 the next year. Yearly, it will decrease until 2017 when it phases out altogether.
A little bit of Robin Hood
It seems like a really nice idea to help get health insurance for other people, but many people will have to put even more in if every person is going to be able to get coverage. The ACA needs that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting conditions.
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. Any person with insurance can most likely be ready to pay more in long term, for everybody else.
Giving everyone insurance
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.
Because of the Affordable Care Act that was passed by the Obama administration, insurance corporations can no longer exclude those with preexisting conditions. The money has to come from somewhere to help pay for it though.
The additional costs on insurance corporations means the people left holding the check are those that already have insurance and the employers who purchase it, according to CBS. It doesn't kick in until 2014, but $25 billion has to be elevated between 2014 and 2017.
Fee to be issues
Everybody currently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting problems. Every business that gives insurance to workers will have to pay the fee, and about 190 million people who get insurance through companies will end up having to pay the fee.
If companies pass on the fee to workers, then employees will have to pay $5.25 a month. That may not lead to getting payday loans or change your lifestyle, but it could still hurt. It expenses $63 per insured person per year, according to Salon.com. Businesses will pay higher bills if they are larger and smaller bills if they are lower.
The good news is that the fee will drop from $63 in 2014 to $50 the next year. Yearly, it will decrease until 2017 when it phases out altogether.
A little bit of Robin Hood
It seems like a really nice idea to help get health insurance for other people, but many people will have to put even more in if every person is going to be able to get coverage. The ACA needs that another $700 billion be elevated in the next ten years on top of the $25 billion for those with preexisting conditions.
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. Any person with insurance can most likely be ready to pay more in long term, for everybody else.
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