Author Topic: New Obamacare regulations slash fees for some unions  (Read 180 times)

0 Members and 1 Guest are viewing this topic.

Online rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 57,340
  • “It’s easier to fool people than to convince them
New Obamacare regulations slash fees for some unions
« on: March 24, 2014, 05:06:50 AM »

March 05, 2014, 06:35 pm
New O-Care regs slash fees for some unions

By Benjamin Goad

A slate of final Affordable Care Act regulations issued Wednesday would give some labor unions a partial reprieve from fees under the landmark healthcare law.

Revamped standards issued by the Department of Health and Human Services include changes to “reinsurance fees,” designed to tax health plans from 2014-2016 and will be used to help stabilize the individual market as sick patients come on board.

Labor and business groups alike have criticized the fees, uniting behind federal legislation calling for their repeal.
As initially envisioned, the reinsurance fee was to generate about $25 billion in revenue over the three years, beginning this year with a $63 per person charge. The regulations issued Wednesday, however, change the way the fees will be collected and take steps to prevent more than one payment per enrollee.

Importantly, the new rules would “exclude from the obligation to make reinsurance contributions for 2015 and 2016 certain self-insured, self-administered group health plans.”

Many unions have such plans and will not have to pay the reinsurance fees for those years under the new language, though the fees are just one of labor’s gripes about the law.

The Obama administration first signaled the exemption last fall. At the time, business and labor groups said the impact of the measure would have only a limited impact on their members.

The reinsurance fee change is just one of a host of changes to the healthcare law revealed Wednesday by the Obama administration, which also announced a new delay that will allow some consumers to keep health plans that do not meet the law's standards until past the end of the Obama presidency.

Read more:
Follow us: @thehill on Twitter | TheHill on Facebook
There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo