Health Care Law Includes $63 Annual Fee Per Person

English: President Barack Obama's signature on...

English: President Barack Obama’s signature on the health insurance reform bill at the White House, March 23, 2010. The President signed the bill with 22 different pens. (Photo credit: Wikipedia)

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 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 multimillion dollar assessment without getting anything back for it,” said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.

Read more:  http://readingeagle.com/article.aspx?id=434478

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One comment on “Health Care Law Includes $63 Annual Fee Per Person

  1. I call this $63.00 fee a TAX!
    I thought Oblammer named the healthcare bill the”Affordable Care Act”?
    He should rename it the “Not-so-Affordable take -over-your-entire -Life Act”.
    Our freedoms are being chipped away and the “Obama-phone” crowd ready don’t give a flying rats ass what happens to our country.That is until we no longer can afford to give out “Obama-phones.”

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