A provision buried inside Obamacare will force many employers to pay an extra $63 per employee next year. Analysts say most of the cost will likely be passed on to workers.
“It’s caught most employers, if not all employers, by surprise,” said National Business Group on Health Vice President of Public Policy Steve Wojcik. “They’re very upset about it.”
Over the next three years, the Obamacare fee will fund a $25 billion account for insurance companies designed to cover higher costs associated with insuring people with pre-existing conditions. The government claims the fee will go down in 2015 and 2016.
The Obama Administration says the fee “is intended to help millions of Americans purchase affordable health insurance, reduce unreimbursed usage of hospital and other medical facilities by the uninsured and thereby lower medical expenses and premiums for all.”
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