Discounts of $ 1.3 billion health insurance should more than 3 million individual policyholders and thousands of employers go this year because of the U.S. President Barack Obama's health care reform law.
Here's how the law works:
- Insurers must spend on individual consumers and small businesses at least 80 percent of the premiums they collect on medical care and quality improvements. The benchmark is 85 percent of premiums for insurance policies covering large employers.
- Insurance companies have rebates if they do not meet these standards.
Who gets refunds:
- Nearly a third of consumers in the individual market will receive discounts of $ 127 on average. These are consumers who are not covered by an employer and buy their policy directly from an insurance company.
Showing posts with label phh insurance. Show all posts
Showing posts with label phh insurance. Show all posts
Friday, January 4, 2013
Wednesday, January 2, 2013
Affordable Health Care – Is it Really Affordable?
Announced the new Obama Care Law as Affordable Health Care Act of hype these days. The bill is not yet been passed, the Supreme Court will make a decision in June, but how it will play will be great for some or hinder many others with a load in the next two years.
There are of course pros and cons to this bill. The plus points: prevention, free wellness visits to doctors, insurance companies can not deny coverage of pre-existing conditions, putting caps on deductibles, and the lower the income, the lower the cap. Sounds good so far. Let's look at the disadvantages: lack of doctors, the equipment does not meet demand, the dreaded fine that everyone is worried about. That is correct. A fine of $ 695/year will be if you do not have health insurance (if the deed was done).
The new health care law can go in both directions. People living in poverty is not able to do much if they can not afford, and it seems a bit unfair for them to pay the fine to if they do not do anything about it was in the first place. I had a month ago, as young adults aged 18-26 were without health care, and some are mentioned now parents Healthcare adopted because of the law in the years 2008-2009. Those who can not afford health care for their parents not to save it on their own and either take the money plans, the government, to deprive them of it by fining them for failing to obtain insurance. The young adults who live on their own, have to take care of other tasks too, such as housing, food, gas, etc, without to take care of paying the fine worries.
Overall, the government is not taking into account the poor and the elderly in this whole Affordable Care Act. Those who have much to lose with this new legislation, those who are unemployed (currently 8.2 percent), living in poverty and the elderly. I wonder if Obama is trying to happen, just to get a second term. Would not be surprised if that were the case. After all, the government has not thought about the people in a long time. It's all about "What's in it for me?"
What are your thoughts about the new Health Care?
There are of course pros and cons to this bill. The plus points: prevention, free wellness visits to doctors, insurance companies can not deny coverage of pre-existing conditions, putting caps on deductibles, and the lower the income, the lower the cap. Sounds good so far. Let's look at the disadvantages: lack of doctors, the equipment does not meet demand, the dreaded fine that everyone is worried about. That is correct. A fine of $ 695/year will be if you do not have health insurance (if the deed was done).
The new health care law can go in both directions. People living in poverty is not able to do much if they can not afford, and it seems a bit unfair for them to pay the fine to if they do not do anything about it was in the first place. I had a month ago, as young adults aged 18-26 were without health care, and some are mentioned now parents Healthcare adopted because of the law in the years 2008-2009. Those who can not afford health care for their parents not to save it on their own and either take the money plans, the government, to deprive them of it by fining them for failing to obtain insurance. The young adults who live on their own, have to take care of other tasks too, such as housing, food, gas, etc, without to take care of paying the fine worries.
Overall, the government is not taking into account the poor and the elderly in this whole Affordable Care Act. Those who have much to lose with this new legislation, those who are unemployed (currently 8.2 percent), living in poverty and the elderly. I wonder if Obama is trying to happen, just to get a second term. Would not be surprised if that were the case. After all, the government has not thought about the people in a long time. It's all about "What's in it for me?"
What are your thoughts about the new Health Care?
Subscribe to:
Posts (Atom)