Health Care Reform – Busting The 3 Biggest Myths Of ObamaCare
In the past few months, we have seen lots of Health Care Reform regulations and rules being introduced by the Health and Human Services Department. Every time that happens, the press gets hold of it and all sorts of posts are written from the Wall Street Journal, the New York Times, and the TV All the analysts start discussing the pros and cons, and what it means to businesses and individuals. The trouble with this is, many times one author looked in the regulation, and also wrote a bit about it.
Then other writers begin using bits from this article and rewriting parts to fit their post. From the time the information becomes widely distributed, regulations and rules become twisted and distorted, and what actually shows up in the media sometimes just does not truly represent There’s lots of misunderstanding about what’s happening with ObamaCare, and among the things which I’ve seen in discussions with customers, is that there is an inherent set of myths that people have picked up about health care reform which just is not correct.
But due to all they have heard in the media, people believe these myths are in fact correct. Today we are going to talk about three myths I hear most commonly. Not everyone believes these myths, but enough, and others are unsure what to think, so it disturbs dispelling these myths today. The first one is that health care reform simply affects uninsured men and women. The next one is that Medicare benefits and the Medicare program are not likely to be affected by health care reform.
And the final one is that health care reform will reduce the costs of healthcare. Let us look at the first myth about health care reform simply impacting uninsured men and women. In lots of the talks I have with customers, there are lots of expressions they use: “I already have coverage, so I will not be impacted by ObamaCare,” or”I will just keep my grandfathered health insurance program,” and the last one – and this one I could give them a little bit of leeway because part of what they’re Well, the truth is that health care reform is truly going to affect everyone.
Starting in 2014, we are going to have a completely new set of health programs, and those programs have very rich benefits with a lot of additional features that Individuals who currently have health insurance will be transitioned into these new programs sometime in 2014. The uninsured have an extra problem in that if they do not get health insurance in 2014, they face a mandate penalty.
Some of the healthy uninsured will look at this penalty and say, “Well, the penalty is 1% of my adjusted gross income; I earn $50,000, so I will cover In that case, I will only take the penalty.” But in any event, they’ll be directly affected by health care reform. Through the mandate, it impacts the insured in addition to the uninsured. People who have grandfathered health insurance programs aren’t likely to be directly affected by health care reform. But due to the life cycle of the grandfathered health program, it is likely to make those programs more expensive as they find that there are plans available today
they can easily move to that have a richer set of benefits that would be beneficial for any chronic health problems they might have. For folks that stay in these grandfathered plans, the pool of readers in the plan will begin to shrink, and as that happens, the price of this grandfathered health insurance programs will grow even faster than they are now. Therefore, people in grandfathered health programs are also impacted by ObamaCare. Health Care Reform Effect On People With Group Health Insurance
The last one, the small group market, will be the most especially affected by health care reform. Despite the fact that the health care reform regulations mostly affect large and medium-sized businesses and businesses that have 50 or more workers.