OK, let’s look at this for a minute. If you must get a mandatory health insurance quote now, what is to say that will be the same quote you will get when you actually have to “buy” the health insurance? There is a huge difference between a quote and the final buy price when there is a lengthy period of time between the quote and the purchase.
Overall, this new Health Reform Bill that forces people to buy health insurance will either be a boon or a bust. Mostly, whether it’s a boon or a bust depends on the price of individual health insurance policies – as in – will they go up, up, up or will they go down, down, down? It might be foolish to think the insurance industry can self-regulate and not overcharge for policies to cover potential shortfalls for high risk insureds – but – we can always dream.
To learn more and get a health insurance quote, visit http://www,benepath.com
Once you have a handle on the price of your family health insurance quote, ask the insurance agent what exclusions apply. Why do you want to do this? You need to do this because the answers will tell you what is NOT covered in your family health insurance policy.
Knowing what isn’t covered is actually more important than knowing what IS covered, because if you don’t know what is covered you run the risk of getting an awful surprise later when you have medical treatment for something that “isn’t” covered when you thought that it was. While you’re at it, you should also make it a point to find out what your individual coverage limits are. This means what the limits are on EACH policy item.
This will tell you if you have enough protection for the family.
To learn more and get a health insurance quote, visit https://www.benepath.com
Fancy the concept of having to buy health insurance and then if you don’t, you get a hefty IRS imposed penalty. Boggles the imagination at times doesn’t it? Also raises the question about people’s human rights and how can the government override them and force them to buy health care insurance? That aside, insurance companies are currently frantically trying to figure out how to price the products they will be offering the millions of uninsured Americans who will flock to the insurance grail for a policy.
While this may generate a fierce round of competition among the insurance companies with regard to prices, chances are just as good that it may go the other way. Meaning that since the insurance companies may lose money on whom they insure, because they can’t turn down anyone, they may hike their rates to cover that possibility. It goes without saying that the next few years will be interesting indeed.
To learn more and get a health insurance quote, visit http://www,benepath.com
On the front page of the New York Times and the Wall Street Journal were two articles that really hit at the heart of health reform’s promise of covering everyone and reducing/controlling health insurance costs.
In the New York Times there was also a full page ad run by the American Medical Association urging Congress to pass emergency legislation to prevent their reimbursement rates from dropping. This happens every year as Congress does not have the will to actually implement cost saving measures it adopted years ago to control runaway Medicare expenses. I’m sure that Congress will come back from their Memorial Day break and pass this legislation; like they do every year.
So what makes anyone think that when the time comes to start cutting provider fees under health reform that Congress won’t pass emergency legislation every year to prevent those cuts from happening. I am pretty sure that it won’t, and the attacks on the Dartmouth Study are the initial campaigns by health care providers to make sure its not their fat cut from the meat to pay for health reform.
Karl Rove in his Op-Ed piece in the WSJ makes some pretty compelling arguments about other hidden costs, points out that the Congressional Budget Office has added another $120 Billion to the price tag of health reform and that Medicare’s chief actuary sees many places where the unintended consequences of health reform will cost us a lot more money. While slanted, its worth a read.
When promoting the cost savings of health reform, the administration used the Dartmouth Atlas of Health Care to show that there is up to $700B a year in potential savings by eliminating “waste” in the health care system. Today’s article in the New York Times makes a very compelling case that the potential savings are significantly less than advertised as “measures of the quality of care are not part of the formula”.
The study mainly shows the varying costs of care in Medicare by region. Everything about savings was an extremely loose extrapolation of the data as it was argued that care in Iowa and Minnesota is better and cheaper than care in New Jersey or Miami. In fact, this article points out that there is little evidence to support this notion.
Bottom line, the recently enacted Health Care Reform plan will cost our country significantly more than advertised and it is simply not possible to provide universal coverage without raising revenue (aka taxes) – on pretty much everyone.
If the legislation goes into effect, it will make our existing budget problems worse and it will lead to higher taxes eventually, and again, not just on people making more than $250,000.
Personally, I am not opposed to the concept that everyone should get health care, but in a democracy we need to have an honest conversation about how much that will cost and then decide if the majority of the people are willing to pay for universal coverage.
