The final and last factors, according to the Washington Post's article on August 10, 2012, that would cause premiums to rise due to the health care law are the taxes and fees associated with it. It is presumed that the costs associated with these fees would be passed down to the purchasers. The more fees attached to the carriers, the more the rates will increase.
What the article does not mention are the costs associated with caring out this law. The bureaucracy associated with the law is enormous and will be passed on from the top to the very bottom. Compliance on every end of the service chain will be tested and possible fined. It is a law like no other and the unknown costs could be enormous. Time will tell and we hope we are wrong, but what we see at this point is 16,000 newly hired IRS agents to look for people and companies not complying. Yet people and companies do not even know what the laws are yet.
We will continue to update you as we get more information. If you would like to reach either Lisa Boyajian or Angela Gambino you can either call us at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
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