Anyone who knew how insurance coverage works expected this: Surprise: New insurance fee in health overhaul law
Your medical plan is facing an unexpected new fee. It’s to help cover people with pre-existing conditions under President Barack Obama’s health care overhaul.
The $63-per-head fee — buried in a recent regulation —will hit health plans serving an estimated 190 million Americans, mostly workers and their families. It’s payable starting in 2014.
Of course, the $63 fee levied by the government doesn’t cover the actual cost of the new mandates, which is why insurance premiums have already gone up before this fee takes effect.
But baby steps, reporters. Baby steps.