Tuesday, August 12, 2014

20 Plus Taxes and Fees Weren't Enough to Make Obamacare Work in Colorado

The state politicians in Sacramento must be embarrassed that they weren't the first to add more fiscal bloat onto PPACA.  They are clearly losing their touch.  

This is from Kathleen Koster at Employee Benefit Advisor (hat tip to BenefitLink):
Looking to generate additional funds for Colorado’s state health insurance exchange, the board responsible for securing its financing has levied a new fee on all insurance policies issued in Colorado, including those sold off of the exchange. 
The fee of $1.25 per member per month will be imposed on individual insurance stop-loss coverage and large- and small-group employer policies issued in Colorado from July 1, 2014 through June 30, 2015, an additional expense that employers in the state will need to factor in as they build their benefits package. ...