Barack Obama Eliminates Unions Obamacare Tax to the Tune of $25 Billion

Marianne Bernard FEATURED ARTICLES, POLITICAL, U.S. NEWS 0 Comments

unions_for_obama-150x150from Freedom Outpost by Dan Garrison

A “reinsurance tax” that was supposed to be imposed on labor unions was aimed  at raising $25 billion over the next three years. It was earmarked as a pool of  money that was being collected to offset the cost of insurance  companies who will now be required to accept pre-existing conditions.

However,  Barack Obama has once again refused to bite the hand that feeds him  and has rolled out the red carpet for labor unions.

S. A. Miller reports:

The Obama administration sneaked in a rule that would let some  labor unions off the hook for an ObamaCare tax.

After publicly rejecting the unions’ request for an exemption, the  Department of Health and Human Services last week quietly gave the unions  a  pass on what would have been a massive tax hit.

The tax, known as the reinsurance fee, requires self-insured  organizations, such as unions and some large companies, to pay $63 for each  covered member and an additional $63 for each additional family member on a  health plan.

The fee was expected to raise $25 billion over three years, with  the funds going to insurance companies to offset the cost of  covering pre-existing conditions and other mandatory benefits.

Sparing unions that expense will go a long way toward repairing President  Obama’s strained relationship with labor.

In September, an unprecedented 40,000 union workers dropped the  AFL-CIO because of the organization’s support for Obamacare. To say  Obama’s relationship with labor is strained in 2013 is very much an  understatement.

However, unions  spent over $400 million to help re-elect Obama in  2012, and that is only part of the story. The Wall Street Journal reported last year that unions spend  roughly four times what FEC reports show because the requirements are  only to report direct contributions and not union communications, organizing  and  lobbying activities.

I suppose if you are a union worker this news is good for you.

But for those of us who aren’t, we will be making up for this dirty political  move with increased premiums due to the insurance industry losing a  large portion of that $25 billion kick back.

The insurers will get their money one way or another, and we will get the  bill. Once again, it is one group getting the benefit of political favoritism  while the burden of the cost falls upon the rest of us.

The unions also get to hold on to a lot more money to help elect a democrat  in 2016 and the vicious cycle continues.

Hillary must be stoked.

 

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