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AT&T, Inc. Message Board

  • low_mac low_mac Mar 15, 2013 3:44 PM Flag

    Employers Blast Fees From New Health Law

    Just another fee that will only be passed on to the American taxpayers.

    http://finance.yahoo.com/news/employers-blast-fees-health-law-030400728.html

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    • I don't find it surprising that that the entities, which requested Federal regulators to exclude their insurance recipients from these fees, are the same entities that didn't object to taking handouts from the government to cover their healthcare costs.

      "Companies and other plan providers will together pay $25 billion over three years to create a fund for insurance companies to offset the cost of covering people with high medical bills."

      "Boeing Co. and a union health plan covering retirees of General Motors, Ford Motor Co. and Chrysler, among other groups, have asked federal regulators to exclude or shield their insurance recipients from the fee."

      "Of the fees collected, $20 billion will go toward paying high medical claims. HHS says the remaining $5 billion will be used to retroactively offset an earlier program that reimbursed employers insuring early retirees through 2011. Under that program, Boeing received $50 million and the UAW trust received $387 million, according to a federal summary of the payouts."

 
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