Do YOU really know what Obamacare means for YOU? Believe it or not; even though it’s a TON of pages long Obamacare really isn’t difficult to grasp..One of my biggest pet peeves? People making a definitive opinion about something without doing the research..It is as simple as READING and there are a cazillion ways to get insight these days. Simply said? It can take time to sift through the rumors & myths..Here are a few you shouldn’t be so quick to believe>>
QUICK STAT=In every State and for the FIRST time ever, insurance companies are required to publicly justify their actions if they want to raise rates by 10 percent or more and more states have the authority to reject unreasonable premium increases.>>
Obamacare is causing workers’ spouses to lose their health coverage.FACT..Now that the myth about companies being forced to slash workers’ hours has been solidified, Obamacare opponents are onto a slightly modified version of the doomsday predictions about the health law’s impact on the business sector. After shipping company UPS announced that it would drop its employees’ spouses from its insurance coverage — specifically citing the health law — critics jumped on the news as evidence that Obamacare will be catastrophic for workers.
UPS cited increased costs under the health law to justify the move, but health insurance experts are skeptical that’s really the primary reason that the company decided to save money by eliminating spousal benefits. Instead, as an editorial from Bloomberg suggested, UPS is likely “using the health-care law as a smokescreen for cutting costs it wanted to cut anyway.”
It makes sense that companies would be looking to trim their health costs, and shifting spousal coverage is one way to do it. But the media coverage of UPS’ move has largely left out the fact that Obamacare actually makes it much easier for the company to consider the move in the first place. Thanks to the health reform law, the spouses of UPS employees won’t be left out in the cold without any options to get insurance. They’ll be able to get it through their own employers — who will now be required to provide it — or through Obamacare’s new state-level insurance marketplaces.
Health reform will NOT lead to a government takeover of health care…
One independent group actually called this myth the “LIE of the year.” The Affordable Care Act puts people, not health insurance companies or government, in charge of health care. The new law strengthens the existing employer-based health insurance market while making the market fair for consumers by implementing landmark consumer protections. Families and individuals that don’t have access to affordable coverage can receive tax credits to help them purchase coverage in the private health insurance market. There is no government-sponsored, public, or “single payer” plan in the law.
Employers will not stop offering insurance to their workers when the law is implemented...
Independent analyses conducted by the RAND Corporation, Urban Institute, the Congressional Budget Office and Mercer, have found that employers will continue to offer health coverage to their workers. Economists agree that employers offer health insurance to help attract and retain the most talented employees and employers will continue to seek out top talent. Further, when health reform was enacted in Massachusetts more than five years ago, the percent of businesses offering insurance in Massachusetts increased.
QUICK STAT..Thanks in part to new tools and resources provided by the Affordable Care Act, health care fraud prevention and enforcement efforts recovered nearly $4.1 billion in taxpayer dollars in Fiscal Year (FY) 2011 and $10.7 billion over the last three years.
Health insurance reform will NOT use your tax dollars to fund abortions.
The health insurance reform legislation maintains the status quo of no federal funding for abortions, except in cases of rape, incest or when the life of the woman is endangered. A federal judge recently wrote “the express language of the [Affordable Care Act] does not provide for taxpayer funded abortion. That is a fact and it is clear on its face.“
Businesses will NOT suffer under health reform..
Health insurance reform lowers costs for American businesses – especially small businesses – who are struggling to remain profitable and competitive under the status quo. The independent Congressional Budget Office confirmed that the bill would lower health insurance premiums for the same insurance plan by up to 4 percent for small businesses and 3 percent for large businesses, and estimates indicate that reform could save businesses $2,000 per person in health costs.
QUICK STAT. MORE Americans have access to free preventive services:
In 2011, approximately 54 million Americans had their prevention coverage improve in their private health insurance plans. And an estimated 32.5 million people with Medicare have received one or more free preventive service.
NEW progressive benefits for WOMEN..Preventive Benefits: All new health plans must now cover preventive services ranging from mammograms to FDA-approved birth control to vaccinations for your child, WITHOUT making you pay a copay or deductible.
5 Important Numbers on Health Reform..
54 million Americans have coverage for preventive services free of cost.
Insurers are now required to cover a number of recommended preventive services, such as cancer, diabetes and blood pressure screenings, without additional cost sharing such as copays or deductibles.
34.1 million people with Medicare who used a free preventive service.
The new health reform law eliminated any deductible or copay for many preventive services or for a new Annual Wellness Visit. In 2012 alone, an estimated 34.1 million seniors received one or more free preventive services.
6.3 million seniors have saved $6.1 billion on their prescription drugs.
Senior who hit the gap in Medicare’s prescription drug coverage, often called the ‘donut hole’ now receive 50 percent discounts on covered brand name drugs. The new health reform law will provide additional savings each year until the coverage gap is closed in 2020.
3.1 million more young adults have health insurance through their parent’s plan.
Under the law, most young adults who can’t get coverage through their jobs can stay on their parents’ plans until age 26.
12,800,000 consumers received $1.1 billion in rebates
Insurance companies that don’t spend at least 80 percent of its customers’ premium dollars on health care are required to provide rebates to policy holders. In 2012, the first year this rule was implemented, 12.8 million consumers received $1.1 billion in rebates.
** I can’t find not one of the new benefits of OBAMACARE that won’t impact me or someone in my family immediately..I’ve done my homework and due diligence..Have you read UP on how health care reform will impact your family?