Home > Terms > English (EN) > ObamaCare surcharge

ObamaCare surcharge

An extra charge for goods and services some businesses in the U.S. plan to use to offset cost increases from ObamaCare. ObamaCare is the unofficial name for the Patient Protection and Affordable Care Act which was signed into law on March 23, 2010. The law aims to have every legal U.S. resident insured, requiring all businesses with over 50 employees to purchase health insurance for their staff or pay a penalty in the form of a tax.

As a result of the ObamaCare implementations, some low-margin businesses such as the food industry may find it necessary to past cost increases onto their customers in the form of a surcharge.

0
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Billy Morgan

Sports; Snowboarding

The British snowboarder Billy Morgan has landed the sport’s first ever 1800 quadruple cork. The rider, who represented Great Britain in the 2014 Winter Olympics in Sochi, was in Livigno, Italy, when he achieved the man-oeuvre. It involves flipping four times, while body also spins with five complete rotations on a sideways or downward-facing axis. The trick ...

Marzieh Afkham

Broadcasting & receiving; News

Marzieh Afkham, who is the country’s first foreign ministry spokeswoman, will head a mission in east Asia, the state news agency reported. It is not clear to which country she will be posted as her appointment has yet to be announced officially. Afkham will only be the second female ambassador Iran has had. Under the last shah’s rule, Mehrangiz Dolatshahi, a ...

Weekly Packet

Language; Online services; Slang; Internet

Weekly Packet or "Paquete Semanal" as it is known in Cuba is a term used by Cubans to describe the information that is gathered from the internet outside of Cuba and saved onto hard drives to be transported into Cuba itself. Weekly Packets are then sold to Cuban's without internet access, allowing them to obtain information just days - and sometimes hours - after it ...

Asian Infrastructure Investment Bank (AIIB)

Banking; Investment banking

The Asian Infrastructure Investment Bank (AIIB) is an international financial institution established to address the need in Asia for infrastructure development. According to the Asian Development Bank, Asia needs $800 billion each year for roads, ports, power plants or other infrastructure projects before 2020. Originally proposed by China in 2013, a signing ...

Spartan

Online services; Internet

Spartan is the codename given to the new Microsoft Windows 10 browser that will replace Microsoft Windows Internet Explorer. The new browser will be built from the ground up and disregard any code from the IE platform. It has a new rendering engine that is built to be compatible with how the web is written today. The name Spartan is named after the ...

Featured Terms

Silentchapel
  • 1635

    Terms

  • 95

    Blossaries

  • 13

    Followers

Industry/Domain: Entertainment Category: Animation

Queen of Hearts

The Queen of Hearts is the main antagonist from Disney's 1951 animated film Alice in Wonderland. She is the tyrannical and deranged ruler of ...

Contributors in Insurance

Featured blossaries

Scariest Halloween-themed Events

Category: Entertainment   3 9 Terms

Capital Market Theory

Category: Business   1 15 Terms

Browers Terms By Category