The new $63/person Obamacare tax
WASHINGTON (TheBlaze/AP) — TheBlaze has brought you the top five worst taxes that would come with Obamacare in 2013, but there’s another expense that could also to hit close to home. It’s a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions.
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.