As I'm getting more and more into this "obama care" the more I'm figuring it's a punishment for employers who have been trying to do the right thing all along.
I can't make this stuff up.
Employers who have actually reported employees on their payroll paying taxes, workers' compensation insurance, etc., instead of slipping cash under the table are now getting hit with another whammy. Employers are now being asked to cough up $63 for each belly button on their health insurance plan. This is called "transitional insurance reinsurance fee." This is really a grab by the insurance companies/government to fund the masses of sick/uninsured people about to jump into the exchanges. Insurance companies don't plan on losing any money on Obama Care. Trust me.
Why don't they assess the "transitional reinsurance fee" for the companies who don't provide their employees health insurance coverage? I suppose that would be too difficult as they are not reporting employees in the first place. The insurance companies don't have an instant victim for their stick-em-up. It's so much easier to grab money from those who are easily traceable and already paying into the system.
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