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Great, great news. They've already stopped denying coverage to children with pre-existing conditions and started allowing young adults to stay on their parents' health plans ahead of when these provisions were due to go into effect.
And now this:
"And this week, consumers and families received more good news -- the industry will scrap its "rescission" practices, four months before the new federal ban was scheduled to go into effect."
You forgot all the other great health care related news that's been coming around early. Nothing like a large rate hike to make you thank the gov. for screwing with health care!
Great, great news. They've already stopped denying coverage to children with pre-existing conditions and started allowing young adults to stay on their parents' health plans ahead of when these provisions were due to go into effect.
And now this:
"And this week, consumers and families received more good news -- the industry will scrap its "rescission" practices, four months before the new federal ban was scheduled to go into effect."
The heartening announcement on rescissions came on the heels of a Reuters report on WellPoint routinely dropping coverage for women diagnosed with breast cancer. Yesterday, the company said it would end the practice by this weekend.
I'm happy about the adult child rule. With my daughter about to graduate college and only freelance work available for her it's good to know she can stay on our policy until she finds a job with benefits or makes enough money to buy her own policy.
You forgot all the other great health care related news that's been coming around early. Nothing like a large rate hike to make you thank the gov. for screwing with health care!
Guess what, genius: these rate hikes have nothing to do with Obama's health care and would have occurred no matter what. In fact, this article was from before they even passed it.
Insurers are hiking costs because more people are falling out of their insurance pools when they can no longer afford coverage. That means they get left with fewer people who pay them money (i.e., lower income) and they can't diversify their risk of paying out for sick people over as great of a population as before. So they're stuck raising rates on the smaller pool of people left under their coverage to make up the lost money. Get it?
You didn't even read that article, did you...
I did. and here's a quote I like:
Quote:
Mr. Ario, who has been an ally of the Obama administration in its effort to overhaul health care, said his state’s predicament was one of the reasons that it was important for the federal law to require virtually everyone to have health insurance, so the costs can be spread around more widely. Without such a requirement, he said, there will be little way to prevent the sickest people from burdening state-financed “safety net” programs.
Now you get why we need a health insurance mandate, people?
Now you get why we need a health insurance mandate, people?
Without a mandate, the young and the healthy would not bother with insurance until they needed it. The system would be overwhelmed with the sick. That's not how insurance is supposed to work.
But the problem is the fine is very low, lower than the annual premiums so to opt out and pay the fine is actually a better way to go and then get insurance when you get sick because you cannot be refused..again, you cannot be refused.
With more people layed off, the healthy are just going without. That is burdening the system today..imagine when companies start dropping coverage for their employees; imagine when families decide to NOT get insurance until they need it. I can because money is not free flowing anymore. Home values are down, savings is down and credit is tight.
Speaking at the National Press Club on Monday, Shulman downplayed the IRS’s role in enforcing the recent overhaul of the health insurance industry by claiming the agency would not aggressively target individuals who don’t purchase coverage. He noted that the health-care bill expressly forbids the agency from freezing bank accounts, seizing assets or pursuing criminal charges, but when pressed said the IRS would most likely use tax refund offsets to penalize those that don’t comply with the mandate. The IRS uses refund offsets to collect from individuals that owe the federal government a delinquent debt.
By adjusting your withholding you can avoid the fine altogether. The mandate has no teeth and poses a very serious risk to the entire system if enough people don't get insurance.
Great, great news. They've already stopped denying coverage to children with pre-existing conditions and started allowing young adults to stay on their parents' health plans ahead of when these provisions were due to go into effect.
And now this:
"And this week, consumers and families received more good news -- the industry will scrap its "rescission" practices, four months before the new federal ban was scheduled to go into effect."
Meanwhile, a report that HHS sat on until after the bill was signed into law says costs will go up. No wonder they sat on this review, releasing the review while it was still useful had to be halted until it was too late to have been of any use.
"Economic experts at the Health and Human Services Department concluded in a report issued Thursday that the health care remake will achieve Obama's aim of expanding health insurance — adding 34 million to the coverage rolls.
But the analysis also found that the law falls short of the president's twin goal of controlling runaway costs, raising projected spending by about 1 percent over 10 years. That increase could get bigger, since Medicare cuts in the law may be unrealistic and unsustainable, the report warned.
See libs, your glass of Kool-aid is less then half full.
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