If people want the federal government to cover stuff, that cash has to come from somewhere. That means taxes, and the tax required to pay for people with preexisting conditions to get insurance under the Affordable Care Act will cost anyone with insurance $63 each year.
Giving insurance to those with preexisting problems
No matter what a person's situation, people with preexisting conditions should always be able to get insurance coverage. It should be given to everyone who is willing to pay premiums to get it. Insurance is really essential to a person's health.
It is not cheap to add somebody with preexisting problems to insurance though. In fact, it is really costly because it is known a lot of medical treatment and coverage will be needed. The money has to come from somewhere now that the Affordable Care Act demands insurance agencies give coverage to those with preexisting conditions, because of the Obama administration.
The additional costs on insurance corporations means the people left holding the check are those that already have insurance and the companies who purchase it, according to CBS. It doesn't kick in until 2014, but $25 billion has to be raised between 2014 and 2017.
Fee to be issues
Everyone presently insured will have to pay a fee, according to ACA's text, in order to pay for the preexisting problems. Every business that gives insurance to employees 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 each year, according to Salon.com. Businesses will pay higher bills if they are larger and smaller bills if they are lower.
On the bright side, the fee declines each year after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out entirely in 2017.
Stealing money to give to others
All told, aside from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be raised from various sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to cover Paul, so to speak.
According to the Washington Post, health insurance premiums are increasing everywhere due to the health care law. People can be ready to pay a lot more. HR consultancy Mercer did a survey that found 10 percent of businesses with over 500 workers increased health insurance premiums last year. This year, that number was up to 12 percent of corporations.
Giving insurance to those with preexisting problems
No matter what a person's situation, people with preexisting conditions should always be able to get insurance coverage. It should be given to everyone who is willing to pay premiums to get it. Insurance is really essential to a person's health.
It is not cheap to add somebody with preexisting problems to insurance though. In fact, it is really costly because it is known a lot of medical treatment and coverage will be needed. The money has to come from somewhere now that the Affordable Care Act demands insurance agencies give coverage to those with preexisting conditions, because of the Obama administration.
The additional costs on insurance corporations means the people left holding the check are those that already have insurance and the companies who purchase it, according to CBS. It doesn't kick in until 2014, but $25 billion has to be raised between 2014 and 2017.
Fee to be issues
Everyone presently insured will have to pay a fee, according to ACA's text, in order to pay for the preexisting problems. Every business that gives insurance to employees 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 each year, according to Salon.com. Businesses will pay higher bills if they are larger and smaller bills if they are lower.
On the bright side, the fee declines each year after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out entirely in 2017.
Stealing money to give to others
All told, aside from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be raised from various sources over a decade. Noble as the idea is to get more people covered under health insurance, a ton of Peters have to cover Paul, so to speak.
According to the Washington Post, health insurance premiums are increasing everywhere due to the health care law. People can be ready to pay a lot more. HR consultancy Mercer did a survey that found 10 percent of businesses with over 500 workers increased health insurance premiums last year. This year, that number was up to 12 percent of corporations.
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