If people want the federal government to pay for stuff, that cash has to come from someplace. That means taxes, and the tax required to pay for people with preexisting conditions to get insurance under the Affordable Care Act will cost any person with insurance $63 per year.
Giving everyone insurance
It is certainly true that people with preexisting conditions, or preexisting medical problems, most likely should be able get insurance coverage. If they're willing to pay premiums, why shouldn't they be allowed to have it?
It is not affordable to add someone with preexisting conditions to insurance though. In fact, it is really expensive because it is known a ton of medical treatment and coverage will be needed. The money has to come from somewhere now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting problems, thanks to the Obama administration.
The additional expenses 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 raised between 2014 and 2017.
Fee to be problems
Every person currently insured will end up having to pay a fee to give insurance to those with preexisting conditions though. About 190 million people get insurance through their employers, and the fee will most likely be passed on through them. Every business that gives insurance to workers will be paying, according to the ACA's text.
The fee is going to be passed to businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers at an extra $5.25 a month to get it all paid. It may not cause you to run for payday loans to pay the rent, but it could seriously impact people on tight budgets.
On the bright side, the fee declines every year after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out totally in 2017.
Stealing cash to give to others
The ACA also claims that $700 billion needs to be elevated over ten years on top of the $25 billion to cover preexisting condition expenses. A lot of people end up losing money when they have to pay for others to get health insurance, regardless how nice of an idea it is.
Many people are seeing their premiums increase slowly because of the health care law. Last year, only 10 percent of companies with over 500 workers increased health insurance premiums. This year, another 12 percent did so, according to HR consultancy Mercer. People are going to be paying more next year for health insurance than this year too, according to the Washington Post.
Giving everyone insurance
It is certainly true that people with preexisting conditions, or preexisting medical problems, most likely should be able get insurance coverage. If they're willing to pay premiums, why shouldn't they be allowed to have it?
It is not affordable to add someone with preexisting conditions to insurance though. In fact, it is really expensive because it is known a ton of medical treatment and coverage will be needed. The money has to come from somewhere now that the Affordable Care Act needs insurance agencies give coverage to those with preexisting problems, thanks to the Obama administration.
The additional expenses 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 raised between 2014 and 2017.
Fee to be problems
Every person currently insured will end up having to pay a fee to give insurance to those with preexisting conditions though. About 190 million people get insurance through their employers, and the fee will most likely be passed on through them. Every business that gives insurance to workers will be paying, according to the ACA's text.
The fee is going to be passed to businesses on a yearly basis of $63 per insured person. That means the bill is higher for large businesses and not so bad for small corporations. The fee will likely be passed down to workers at an extra $5.25 a month to get it all paid. It may not cause you to run for payday loans to pay the rent, but it could seriously impact people on tight budgets.
On the bright side, the fee declines every year after that, dropping from $63 per head in 2014 to $50 the next year, until it phases out totally in 2017.
Stealing cash to give to others
The ACA also claims that $700 billion needs to be elevated over ten years on top of the $25 billion to cover preexisting condition expenses. A lot of people end up losing money when they have to pay for others to get health insurance, regardless how nice of an idea it is.
Many people are seeing their premiums increase slowly because of the health care law. Last year, only 10 percent of companies with over 500 workers increased health insurance premiums. This year, another 12 percent did so, according to HR consultancy Mercer. People are going to be paying more next year for health insurance than this year too, according to the Washington Post.
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