Employers Grumble about New Insurance Fee in Health Overhaul Law

Associated Press –

December 10, 2012:

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.

Based on figures provided in the regulation, employer and individual health plans covering an estimated 190 million Americans could owe the per-person fee. The Obama administration says it’s a temporary assessment levied for three years starting in 2014, intended to raise $25 billion.

Source: John & Rusty Report via Word & Brown