If people want the federal government to pay for stuff, that money 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 per year.
Giving insurance to those with preexisting conditions
No matter what a person's situation, people with preexisting problems should always be able to get insurance coverage. It should be given to anybody who is willing to pay premiums to get it. Insurance is really important to a person's health.
It is not inexpensive to add someone with preexisting problems to insurance though. In fact, it is really costly because it is known a ton of medical treatment and coverage will be needed. The money has to come from someplace now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting conditions, because of the Obama administration.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will have to be raised to pay for all of it. The only people left to pay for the extra expenses are those who already have insurance and the employers who are forced to buy it for employees.
Paying for preexisting conditions yearly
Everyone presently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting conditions. 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.
The fee will differ by the business; large firms will get the largest bills, smaller companies will get smaller bills from Uncle Sam. The fee is $63 per insured person, which according to Salon.com is assessed annually. Assuming all of it is passed on to employees, that's an extra $5.25 per month. Not exactly the main difference between the lifestyle of Croesus and starving in the street and taking payday loans just to pay the rent, but still a dent.
In 2017, the fee will phase out entirely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Taking just a little to give just a little
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated 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.
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 employers with at least 500 workers have elevated premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
Giving insurance to those with preexisting conditions
No matter what a person's situation, people with preexisting problems should always be able to get insurance coverage. It should be given to anybody who is willing to pay premiums to get it. Insurance is really important to a person's health.
It is not inexpensive to add someone with preexisting problems to insurance though. In fact, it is really costly because it is known a ton of medical treatment and coverage will be needed. The money has to come from someplace now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting conditions, because of the Obama administration.
The requirement will not start until 2014, but between 2014 and 2017, $25 billion will have to be raised to pay for all of it. The only people left to pay for the extra expenses are those who already have insurance and the employers who are forced to buy it for employees.
Paying for preexisting conditions yearly
Everyone presently insured will have to pay a fee, according to ACA's text, to be able to pay for the preexisting conditions. 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.
The fee will differ by the business; large firms will get the largest bills, smaller companies will get smaller bills from Uncle Sam. The fee is $63 per insured person, which according to Salon.com is assessed annually. Assuming all of it is passed on to employees, that's an extra $5.25 per month. Not exactly the main difference between the lifestyle of Croesus and starving in the street and taking payday loans just to pay the rent, but still a dent.
In 2017, the fee will phase out entirely, and it will drop each year starting at $63 per person in 2014 to $50 the next year. The fee keeps going down.
Taking just a little to give just a little
All told, apart from just that $25 billion cost to cover people with preexisting conditions, the ACA requires $700 billion be elevated 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.
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 employers with at least 500 workers have elevated premiums on health insurance, compared to 10 percent last year. Anyone with insurance can probably be ready to pay more in long term, for every person else.
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