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?)
So, what does a Pakistani Muslim do when a Black Muslim pushes a Korean man onto the NYC subway tracks?
You know the answer, he takes pictures. This NY Post Muslim freelance photographer doesn’t try to help the man, but takes pictures as the Korean is run over and killed by the oncoming subway train. Where are the ‘racist hate crime’ charges? The Muslim pusher has been charged with second degree murder, but the Muslim photographer gets a free pass.
Read and view the video HERE.
Understanding $16,000,000,000,000.00 in Debt
Now here is a solution to the debt that only dumbass liberals could come up with! And think it will work!
With American set to hit the debt ceiling again thanks to out-of-control government spending, the Washington Post has suggested a solution for President Obama: mint two platinum coins valued at $1 trillion each. What would this do? According to the Post:
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.