WASHINGTON (AP) – 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 multi-million dollar assessment without getting anything back for it,” said Sheaks, a principal at Buck Consultants, a Xerox subsidiary.
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 is a temporary assessment levied for three years starting in 2014, designed to raise $25 billion. It starts at $63 and then declines.
Continue reading all this HERE.
(wonder how many more surprises will be found?)
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Read and view the video HERE.
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Understanding $16,000,000,000,000.00 in Debt
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Now here is a solution to the debt that only dumbass liberals could come up with! And think it will work!
Thanks to an odd loophole in current law, the U.S. Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases.
Under this scenario, the U.S. Mint would produce (say) a pair of trillion-dollar platinum coins. The president orders the coins to be deposited at the Federal Reserve. The Fed then moves this money into Treasury’s accounts. And just like that, Treasury suddenly has an extra $2 trillion to pay off its obligations for the next two years — without needing to issue new debt. The ceiling is no longer an issue.
By exploiting the law, liberals in government can simply end the Constitutional practice of having spending originate in the House of Representatives. Since the US Mint operates as a wing of the executive, Secretary of the Treasury Tim Geithner, who spends most of his time these days trotting around delivering other insane Obama proposals, could order such an action.
The Post floated this idea just days after meeting with President Obama at the White House, along with MSNBC opinion hosts and members of Daily Kos.
From HERE.
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Beer: Can it help fight off the common cold? – The Week
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