Partially funded by cuts in Medicare payments to doctors.
Many are already refusing to treat Medicare patients because the cost is more than the reimbursement.
Of course, the Government solution will be to prohibit doctors from refusing to see Medicare patients and forcing them to take a loss.
The new plan will do the same thing. Reimbursements will be less than costs, but with a growing segment of the population forced onto the government plan, there will be fewer private plans to pass the costs on to, until ultimately, doctors will be forced out of the business.
Fewer doctors, longer waits, lower quality treatment, reduced medical research and development.
On Nov. 2, the Congressional Budget Office estimated what the plans will likely cost. An individual earning $44,000 before taxes who purchases his own insurance will have to pay a $5,300 premium and an estimated $2,000 in out-of-pocket expenses, for a total of $7,300 a year, which is 17% of his pre-tax income. A family earning $102,100 a year before taxes will have to pay a $15,000 premium plus an estimated $5,300 out-of-pocket, for a $20,300 total, or 20% of its pre-tax income. Individuals and families earning less than these amounts will be eligible for subsidies paid directly to their insurer.
I pay $210 per month for a really good policy. My employer pays the rest (about $1800 per month.) Total: $2000 per month. This was won through contract negotiations (negotiated in lieu of wages). My gross pay is about $60,000 per year.
This plan put an 8% payroll tax on companies that don't provide health coverage for their employees. As it currently stands, my employer is paying about 30% of my payroll for insurance. What option do you think they will take? Drop our insurance and put us all on our own. Now we either get Big Government Insurance, or buy a private plan. Any private plan I could afford would have less coverage than what I used to get from my employer.
Thanks a lot, Pelosi.
Sec. 202 (p. 91-92) of the bill requires you to enroll in a "qualified plan." If you get your insurance at work, your employer will have a "grace period" to switch you to a "qualified plan," meaning a plan designed by the Secretary of Health and Human Services. If you buy your own insurance, there's no grace period. You'll have to enroll in a qualified plan as soon as any term in your contract changes, such as the co-pay, deductible or benefit.
__________________ Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their consciences. –C.S. Lewis”
The bigger the government, the smaller the citizen. -Dennis Prager
Last edited by Steve Petersen; 8th November 2009 at 11:45 AM.
I pay $210 per month for a really good policy. My employer pays the rest (about $1800 per month.) Total: $2000 per month. This was won through contract negotiations (negotiated in lieu of wages). My gross pay is about $60,000 per year.
This plan put an 8% payroll tax on companies that don't provide health coverage for their employees. As it currently stands, my employer is paying about 30% of my payroll for insurance. What option do you think they will take? Drop our insurance and put us all on our own. Now we either get Big Government Insurance, or buy a private plan. Any private plan I could afford would have less coverage than what I used to get from my employer.
Thanks a lot, Pelosi.
LOL, an editorial by Betsy McCaughey, the creator of the "Death Panel" lie.....where's that giant grain salt and my BS detector?
I seriously doubt that given the totality of the millions (the 35 to 46 number I hear bantied about) of new clients, including those with preconditions, that new source of income will have a negative impact on their bottom line to the point of having to cover those with such absurd preconditions like too fat babies or acne, will cause the raise of rates.
The new regulations will be immediate, the influx of new, healthy clients will be in the future. That means in the near term, rates will rise. Whether they will ever come down again is debatable. This is not universal health care we are talking about, but some confusing admixture of public and private. People who could not afford insurance in the past are not going to be getting it free of charge because of this legislation. A single person making $30,000 per year will still have to pay $2,724 per year for coverage while the taxpayers chip in only $445. The penalty for non compliance will be $750 per year. With that sort of ration, there will be no mass influx into the private or public market. People who couldnt afford it before arent suddenly going to be able to now.
If an insurer cannot charge more for women than it does men, cannot exclude those with pre existing conditions and where there is a cap on what an individual must pay in but no limit on what an insurance company must pay out (to paraphrase Pelosi) then higher premiums are a certainty. You may like this bill but it does nothing to limit or even slow the rate of increase in insurance premiums.
__________________ Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add within the limits of the law, because law is often but the tyrant's will, and always so when it violates the rights of the individual.--Thomas Jefferson
I am an ardent supporter of the Free Market.--Barack Obama 2/24/10 To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
The new regulations will be immediate, the influx of new, healthy clients will be in the future. That means in the near term, rates will rise. Whether they will ever come down again is debatable. This is not universal health care we are talking about, but some confusing admixture of public and private. People who could not afford insurance in the past are not going to be getting it free of charge because of this legislation. A single person making $30,000 per year will still have to pay $2,724 per year for coverage while the taxpayers chip in only $445. The penalty for non compliance will be $750 per year. With that sort of ration, there will be no mass influx into the private or public market. People who couldnt afford it before arent suddenly going to be able to now.
If an insurer cannot charge more for women than it does men, cannot exclude those with pre existing conditions and where there is a cap on what an individual must pay in but no limit on what an insurance company must pay out (to paraphrase Pelosi) then higher premiums are a certainty. You may like this bill but it does nothing to limit or even slow the rate of increase in insurance premiums.
LOL, an editorial by Betsy McCaughey, the creator of the "Death Panel" lie.....where's that giant grain salt and my BS detector?
Not sure what you are talking about here. The House bill is available online. 196 pages in you get the penalties for those businesses who dont provide health insurance to their employees--why this is now the responsibility of industry is another issue. It doesnt spell out the fines but refers to the tax code. If you follow to the tax code, it is the .0765% that employers are responsible for to Social Security and Medicare. I assume then that the penalty will be .0765% per employee. That is significantly less than the cost of insuring an employee, so the obvious option by an employer is to pay the tax, not provide insurance. This, of course, is the goal.
__________________ Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add within the limits of the law, because law is often but the tyrant's will, and always so when it violates the rights of the individual.--Thomas Jefferson
I am an ardent supporter of the Free Market.--Barack Obama 2/24/10 To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
The numbers on what the cost for a person making $30,000 per year were on the front page of this mornings Cleveland Plain Dealer. They source it out to Kaiser Family Foundation; US Department of Health and Human Services. It also breaks down the costs for a family of 4 making $45,000 per year and $75,000 per year. They get a better deal.
__________________ Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add within the limits of the law, because law is often but the tyrant's will, and always so when it violates the rights of the individual.--Thomas Jefferson
I am an ardent supporter of the Free Market.--Barack Obama 2/24/10 To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
LOL, an editorial by Betsy McCaughey, the creator of the "Death Panel" lie.....where's that giant grain salt and my BS detector?
Thanks for not addressing the payroll tax thingy.
__________________ Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their consciences. –C.S. Lewis”
The bigger the government, the smaller the citizen. -Dennis Prager
Democrats just stripped the Constitution and made freedom of the individual, illegal in these United States of America.
Pay up or go to prison, brought to you by the feel good dolts in congress.
One thing is for sure, Obama lets Pelosi tell him what to do.
More and more unfunded government mandates that can never be solvent.
You, me, your kids and all future generations have had their freedom sold out again. Over a hundred new Government agencies will be created and Lord knows how many new Government workers will be needed But they will be sure and waste more than 75% of every "Health" dollar they steal from the producers. Like every other Government program.
56% or more Americans were opposed to this takeover of HealthCare. This is NOT a fix, it is a takeover. And no one could be thinking Pelosi, or the other dolt Hoyer, know exactly all that is in this bill, they did not write this scam.
Obama will get his Government-Funded Abortion somehow. It is who he is and all about. They will strip the pro-life ammendment out.
I can only hope the Senate can stand against this.
__________________
1Hold not thy peace, O God of my praise;
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For verily I say unto you, Till heaven and earth pass, one jot or one tittle shall in no wise pass from the law, till all be fulfilled. (Matthew 5:18)
------------------------------------------------------------------------------------------------------------------ HOW CAN A NATURAL BORN CITIZEN'S STATUS BE "GOVERNED" BY GREAT BRITAIN?
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
I'm kind of curious why you come to that conclusion? Insurance companies make money on premuim profits plus the investment of those profits in the market. How are those additional costs going to usurp that potential profit in more clients, more premiums, and more monies to invest?
I guess we'll just have to see. I'm personally not optimistic about the price of insurance going down, I think that at best the added cost and income will even out.
I'm less happy about being forced to buy it.
The problem with raising insurance costs is because they are not regulated to the extent they can discriminately pick and chose by profit motive whose policy they will honor. Right now the idea of what is considered a pre-existing condition itself needs regulation less we hear the ample cases where people have been denied for the most absurd preconditions.
Naturally, anyone holding a policy should be covered. If insurance companies want to weed out people with pre-existing conditions, then that's their responsibility to do so before, not after the policy is sold.
Nevertheless, I don't think any insurance company should be forced to sell to someone they don't want to sell to.
It can't be no worse then it is now. Right now the average policy for a family of four is approx $1,700 a month. Jobs such as manufacturing and unionized are being jetison for a service industry where no insurance is provided and income won't allow affordability. The raise of insurance costs is about four times that of inflation, and they enjoy deregulation that other markets don't.
Of course it can get worse. The price of insurance can get jacked up and everyone who doesn't want it can be forced to get it.
That is much worse than how it is now.
Again, why can't the government simply allow insurance companies to sell whatever coverage they like to whoever they like?
That, along with allowing nationwide competition would do wonders.
Of course, the pharmaceutical must also lose their special relation with the government. I'm amazed that this isn't even being raised by either party. But that's a different topic.
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