Skip to comments.Obama Setting Trap for Small Business
Posted on 04/10/2013 3:57:41 PM PDT by TurboZamboni
The administration wants small business in the Obamacare net. Three federal agencies have asked the National Association of Insurance Commissioners (NAIC) to consider raising the "attachment points" on stop-loss insurance for small businesses that self-insure. 70% of insurance claims are paid by companies that self-fund health insurance. Self-insurance means the employer creates its own "trust fund" out of which it pays health care expenses for its employees.
The "attachment point" is essentially a deductible. If the deductible is met (attachment point is reached), the stop-loss insurer pays the rest of the cost for care. The stop-loss insurer insures the company against catastrophic losses. So if the attachment point (deductible) is $30,000, and the employee's care costs $90,000, the first $30,000 is paid by the employer, and the employer's stop-loss insurer pays the remaining $60,000.
(Excerpt) Read more at healthenews.cchfreedom.org ...
>300 - national insurance patients likely killed by a Brazilian doctor and her staff to "free up beds for patients who had private health insurance or who could pay for treatment."
135,000 - individuals enrolled in ACA's Pre-Existing Condition Insurance Program (PCIP) before it exhausted its $5B funding (375,000 enrollees predicted). (AIS)
2% - percentage of tobacco settlement and tobacco taxes ($25.7 billion to be collected in FY 2013 alone) spent on smoking prevention and cessation.
$30,000 - charge per provider for some EHR companies to connect EHR system to a central Accountable Care Organization (ACO) registry. (ACO Business News, 3/2013)
If dropping a nuclear bomb on them is a trap, then I guess he is.
The big-government/big-corporate/big-union criminal complex doesn't cotton to competition.
So, what happens if I follow through with my very serious considerations to move my company to Panama? Will I still be “trapped”? (Or will I be living in luxury in a tropical paradise while America continues on its road to suicide?)