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Originally Posted by DressageGirl
Anyway, first off my father has heart problems, had a heart attack several years ago. His medication runs about $700 every three months AFTER insurance. I'd hate to see what it costs normally because I think they have pretty good prescription plan. Mine covers nothing, I just get a BCBS "discount". Anyway, he clearly stated that under Obama's original plan, he would not be covered because it cost too much.
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I wish there was a specific "Obama plan" I could go to, and check this out for you, but there isn't. There are a number of health care/health insurance reform bills in Congress - the one that's getting the most attention is
H.R. 3200 (America's Affordable Health Choices Act of 2009). I don't see anything in the bill that would mean that people would be denied coverage because it cost too much.
In fact, the summary of H.R. 3200 found on
THOMAS starts with this:
America's Affordable Health Choices Act of 2009 - Sets forth provisions governing health insurance plans and issuers, including: (1) exempting grandfathered health insurance coverage from requirements of this Act; (2) prohibiting preexisting condition exclusions; (3) providing for guaranteed coverage to all individuals and employers and automatic renewal of coverage; (4) prohibiting premium variances, except for reasons of age, area, or family enrollment; and (5) prohibiting rescission of health insurance coverage without clear and convincing evidence of fraud.
Requires qualified health benefits plans to provide essential benefits. Prohibits an essential benefits package from imposing any annual or lifetime coverage limits. Lists required covered services, including hospitalization, prescription drugs, mental health services, preventive services, maternity care, and children's dental, vision, and hearing services and equipment. Limits annual out-of-pocket expenses to $5,000 for an individual and $10,000 for a family.
Quote:
Originally Posted by DressageGirl
Second, he stated that SS was bankrupt right now. I have only heard and have only found articles that say ss will go bankrupt ranging anywhere from 20 years from now to ~2075.
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You're right - the forecasts are quite varied. Social Security is not bankrupt at this point in time, and there are many guesses as to when it might reach that state.
Something that may be of help is the
2008 Social Security Trustees report that included the following in the overview section:
Annual cost will begin to exceed tax income in 2017 for the combined OASDI Trust Funds, which are projected to become exhausted and thus unable to pay scheduled benefits in full on a timely basis in 2041 under the long-range intermediate assumptions.
Now, that's what the projection was in 2008, based on 2007 data. A whole lot has happened since then, and I suspect that the date of 2041 has slipped, and that Social Security will be in serious trouble prior to that date.
I hope this helps.
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