The hits on ObamaCare keep on rolling. I received in a letter on Saturday from my insurance carrier, see above, advising me that my family health care insurance policy would be going up close to $50.00 per month due to ObamaCare “fees”. (I hate it when a tax is called a fee. When I pay a fee I get something directly in return.) These fees are the “Annual Fee on Health Insurers” and the “Transitional Reinsurance Program Contribution Fee”. (Yeah contribution is a nice Orwellian touch. Contributions are voluntary.)
What are these “fees”? Jim Geraghty at National Review Online explains them to us:
Those of you who still have insurance will be paying more in premiums next year. A bunch of new fees take effect, all written into the law of Obamacare or instituted by the Department of Health and Human Services.
The total amount collected from the fee will be $8 billion in 2014 and will increase to $14.3 billion in 2018. After 2018, the amount will be determined by the annual rate of premium growth. The fee will be divided proportionately between all health insurance issuers, although for-profit insurers will pay twice the amount as not-for-profit insurers. This fee is not applicable to self-funded health plans.
HHS proposes that the annual assessment will cost $63 per individual enrolled under a plan/policy in 2014. HHS will require plan administrators to submit enrollment counts by November 15, 2014. The agency will send out assessment bills by December 15, 2014. Payments will be due 30 days later.
Read the rest here. No doubt the letters announcing these “fees” will come as a vast shock to those Obama voters who were all in favor of ObamaCare as long as someone else was paying the bill. My heart, and my wallet, bleed for them. Cue Lando: