ST. AUGUSTINE, Fla. – School officials in St. Augustine, Florida are quickly realizing President Barack Obama’s Affordable Care Act isn’t very affordable.
The district, and likely many others around the nation, is struggling to come up with nearly a quarter-million dollars in hidden fees associated with the nationalized insurance system, and are being forced to decide whether to pass the cost on to taxpayers or employees, StAugustine.com reports.
“ … (I)t wasn’t until November of last year that the government informed employers there would be a $63 per person fee for reinsurance beginning in 2014,” the news site reports. “For the district, it works out to $428,000-plus for the first year. Reinsurance is to help stabilize premiums for coverage in the individual market.”
That fee is supposed to decrease over the next couple of years.
The massive “reinsurance fee” is only one of several additional costs to schools under the president’s health program. Others include a $2-per-person fee to help fund a Patient-Centered Outcomes Research Institute, and additional manpower needed to process mounds of paperwork associated with the Affordable Care Act, more commonly known as ObamaCare, StAugustine.com reports.
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