Corrupt to the core.
(DC Examiner)– Yesterday, the Deparment of Health and Human Services announced it had granted more than 500 new waivers to Obamacare’s requirement that health plans have annual limits of no less than $750,000. This annual limit requirement climbs to $1.25 million next year and then to $2 million.
The reason these exemptions from the law are needed is that Obamacare forces all health insurance consumers to over-insure themselves and pay high premiums as a result. Without the waivers, many companies, non-profits and unions would simply drop their health plans. As of 2014, the waivers will no longer be available — at least, that’s the way the law is written.
It is worth noting that there are 166 union benefits funds now exempted from this requirement, which account for about 40 percent of the exempted workers. This means that although there are only 14.6 million unionized employees in the United States, and 860,000 of them are already exempted from this provision of Obamacare.