View Full Version : Large employers upset about little-noticed health law fee

03-15-2013, 03:29 PM
Todayís Wall Street Journal has a story on how large employers are upset about a little-noticed fee in the health-care overhaul bill that goes into effect next year ó a fee that could mean millions of dollars in extra costs for companies with hundreds of thousands of workers.

The $63 fee will be charged for every employee getting health coverage to help insurance companies make up for added costs when a large number of unhealthy customers are put on to their rolls, the Journalís Janet Adamy reports. She says the insurance industry put the new provision into the bill, and itís designed to raise $25 billion over the next three years.

About $12 billion of that will be raised next year, and that comes down to $8 billion in 2015 and $5 billion in 2016, resulting in lower fees in those out years. Large companies with high numbers of employees, such as Boeing Co. BA +0.02% , General Motors Co. GM -0.02% and Ford Motor Co. F -0.02% are seeking to have the fee removed from the bill.


03-15-2013, 04:41 PM
Already have a family member that barely can pay the bills and now makes $300 less a month because events from the health care legislation.

03-15-2013, 05:03 PM
Well, I'm sure wages will be rising again soon....not.

Small businesses are exempt from this stuff though. That will change as soon as small business starts capturing market share.