Sunday, July 28, 2013

ObamaCare Fee: $3; Cost of Paying: $100

Like a lot of conservatives, I have plenty of doubts about the president’s massive health care overhaul that’s going to change the way Americans get health coverage come Jan. 1, 2014. I think the plan is too big, too expensive, too cumbersome, too reliant on subsidies and imposes too may regulations. Although I support some of its goals, I would have surely voted against it were I a member of Congress.

Many on the political left — including a lot of thoughtful people whose opinions I respect — like the plan a lot more than I do. But I’ve just discovered a feature I think even they would agree is utterly futile.
Among the provisions that thousands (perhaps tens of thousands) of small businesses are soon going to have to comply with is one that requires filling out a hugely complex form and paying an accountant to review and file it. In the case of the R Street Institute, we will be paying our accountant $53 to file this form. That may not sound like much but, aye, here’s the rub:
Our fee came to just $3.
You read that right. We will be spending, when you figure in staff time, at least $100 to comply with a bureaucratic mandate, just so the government can collect a $3 fee. Even our accountant was dumbstruck; you can read his take here.



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