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Want to sell insurance on the Obamacare exchanges? There’s a (3.5%) fee for that.
WaPo ^ | November 30, 2012 at 3:09 pm | Sarah Kliff

Posted on 12/10/2012 9:41:37 AM PST by Red Steel

Edited on 12/10/2012 9:42:43 AM PST by Admin Moderator. [history]

The Obama administration is proposing a new way to finance the health law’s insurance exchanges: A fee levied on the insurers who sell in the marketplace.

Health and Human Services will operate a health insurance exchange in all states that decline to set up the marketplace themselves. In order to finance the exchange’s operations, new draft regulations released Friday envision health plans paying a “user fee” if they want to sell in that space.


(Excerpt) Read more at washingtonpost.com ...


TOPICS: Front Page News; Government
KEYWORDS: 2012; anothertax; democrats; fascism; liberalfascism; obama; obamacare; obamacarefees; obamacareproblems; socialisthealthcare; stateexchanges; taxes

1 posted on 12/10/2012 9:41:44 AM PST by Red Steel
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To: Red Steel

“We have to pass the bill so that you can find out what’s in it.” Pelosi Communist-Calif.


2 posted on 12/10/2012 9:44:12 AM PST by Red Steel
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To: Red Steel

Just another way to reduce the overall costs of health care. /sarc


3 posted on 12/10/2012 9:44:37 AM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Red Steel

Fee levied on insurance companies? No, you damn fools, that is a fee leveled on the insured.


4 posted on 12/10/2012 9:46:34 AM PST by Flightdeck (My four children have been robbed)
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To: Jim Robinson

IOW, a tariff will be placed on insurance companies who will then have to fire people because they will not be able to afford it.

On a good note, HHS will need another few thousand IRS agents to watch over this.


5 posted on 12/10/2012 9:48:19 AM PST by EQAndyBuzz (You cant bring something to its knees that refuses to stand on its own)
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To: Red Steel

D _ _ _! Have to hand it to them, they sure are creative in thinking of all the ways to squeeze money out of us.


6 posted on 12/10/2012 9:51:10 AM PST by madison10
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To: Red Steel
You know I so friggen tired of hearing about Wall St this and your Bad 401k that, at max unless you are truly in A or B shares typically your no-load and or Fiduciary running the 401k never charges more than 1.85% and after Dodd Frank and I am sure they are watching them like a hawk.

And these SOB's charge a 3.5% commission? Who is the gouger now?

The worse part? The dummies who voted for the Moron and Chief will never get to know this and won't get that it is a bad management or one time charge that is higher than Giraffe's B@ll$!

7 posted on 12/10/2012 9:53:20 AM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: Flightdeck

You are absolutely correct. I’ve been pricing health insurance for years and these type of premium taxes are always part of the calculation and passed 100% to the person buying the policy.


8 posted on 12/10/2012 10:04:53 AM PST by Conservative Actuary
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To: Red Steel

So what happens to those insurers who remain outside the exchanges, which are all of them now?

What do they get for this ‘fee’?


9 posted on 12/10/2012 10:22:07 AM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: Flightdeck
Fee levied on insurance companies? No, you damn fools, that is a fee leveled on the insured""""""".......

They thought you would not notice........../s

I am beginning to think that the MAKERS are truly the dumbest people on earth as we keep doing it (making it that is).

10 posted on 12/10/2012 10:33:35 AM PST by annieokie
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To: Red Steel

Actually, there does not seem to be any mechanism in the law to allow them to collect this 3.5% fee; the law has an appropriation for the federal version of the exchanges, but it was underfunded because they didn’t think they’d have to set any up.

Obama knows the house won’t pass a bill funding it, and so he’s using what appears to be an extra-legal funding mechanism.


11 posted on 12/10/2012 10:34:57 AM PST by CharlesWayneCT
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To: sickoflibs

“So what happens to those insurers who remain outside the exchanges, which are all of them now?”

In reality, only those purchasing through exchanges will qualify for federal subsidies, so it seems unlikely any insurers would remain outside exchanges.

Second, this fee is particularly bizarre in light of health insurance industry profits, which average only 6-7% (return on revenue). Thus, the exchange fee is equivalent in magnitude to private health insurers trying to raise their profits by 50%. If they did so, progressives would scream bloody murder, but when government does the same thing, it’s “all good.”


12 posted on 12/10/2012 11:02:36 AM PST by DrC
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To: DrC
RE “So what happens to those insurers who remain outside the exchanges, which are all of them now?”
......
In reality, only those purchasing through exchanges will qualify for federal subsidies, so it seems unlikely any insurers would remain outside exchanges.”

So as long as the subsity is way more than the fee then it is worth it.

The states that let the Feds set it up were not worried about the Subsidies anyway,

13 posted on 12/10/2012 11:09:29 AM PST by sickoflibs (Dems know how to win. Rs know how to whine.)
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To: Jim Robinson

ya 3000 page bills often make things more efficient
it would be funny if it wasn’t so sad.


14 posted on 12/10/2012 11:46:54 AM PST by genghis
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To: Red Steel
Everywhere I've turned, every new piece of information I've heard about "Obamacare," there's some new fee, tax or penalty.

Not once have I read what services one can expect, or how this government plan is somehow better than what's already in place.

15 posted on 12/10/2012 12:01:00 PM PST by Lou L (Health "insurance" is NOT the same as health "care")
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To: Red Steel

Another fee on the insurance companies. Yep, that’ll teach em!

Right after they pass it along to the insured. Then laugh about it.

Our so called government is stuck on retarded.


16 posted on 12/10/2012 7:11:28 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: unixfox
Our so called government is stuck on retarded.

We live in a nation where "The People" are the government. A simple majority of voters cast a ballot for Obama. In your simple statement, you speak volumes: our people, the citizens of this nation, are retarded.

17 posted on 12/11/2012 10:37:48 AM PST by rarestia (It's time to water the Tree of Liberty.)
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