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Changing the Nation, One State at a Time
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Changing the Nation, One State at a Time
Gov. Rick Perry told the federal health and human services commissioner this week that Texas isn’t going to create a high-risk health insurance pool under the new federal health care law, saying the federal program “lacks rules to guide the states and appears to be underfunded at the federal level.”
The ObamaCare legislation is too vague and confusing for state government agencies to decipher, and they’re not the only ones scratching their heads over this bad bill.
The Wall Street Journal this week said retailers are doomed to fork over large sums of money, thanks to confusing language in the bill. The article notes:
62% of retailers face problems with at least one of three big requirements of the new law: to provide “affordable” coverage, to offer coverage for part-time employees working at least 30 hours per week, and to go above and beyond the limited benefit plans sometimes offered to part-timers.
Employers aren’t supposed to charge their full-time employees more than 9.5% of household income for coverage. If they do, and if even one employee receives government aid to purchase individual coverage through an exchange, the employer gets socked with a penalty.
Several unknowns retailers have to deal with:
o Employees’ household income (not a figure that employers typically know)
o The level of coverage that must be offered in an “affordable” plan. (Estimates show that 38% of employers have at least some workers whose current coverage would not meet the standard.)