There’s a lot of misunderstanding approximately what goes on with ObamaCare. One of the matters that I’ve observed in discussions with clients is an underlying set of myths that humans have picked up approximately fitness care reform that is not actual. But because of all they have heard inside the media, humans believe those myths are authentic.
Today we are going to speak about 3 myths. I listen maximum usually. Not everyone believes these myths; however, enough do, and others are uncertain what to trust, so it warrants dispelling these myths now.
The first one is that health care reform simplest influences uninsured people. The 2d one is that Medicare advantages and the Medicare program aren’t going to be laid low with health care reform. And then the ultimate one is that fitness care reform goes to reduce the costs of healthcare.
Health Care Reform Only Affects Uninsured
Let’s look at the primary fable about fitness care reform only affecting uninsured human beings. In numerous discussions I have with customers, they use several expressions: “I have already got coverage, so I might not be suffering from ObamaCare,” or “I’ll simply keep my grandfathered health insurance plan.” The remaining one – and this one I can give them a little little bit of leeway because a part of what they may be pronouncing is authentic — is “I have organization medical health insurance, so I might not be suffering from health care reform.”
Well, the truth is that health care reform is absolutely going to affect everybody. Starting in 2014, we’re going to have an entirely new set of fitness plans, and people plans have wealthy benefits with masses of more features that the present plans nowadays don’t provide. So these new plans are going to be better value.
Health Care Reform’s Effect On People With Health Insurance
People who currently have medical health insurance will be transitioned into those new plans sometime in 2014. So the insured might be immediately affected by this because the health plans they have these days go away, and they will be mapped into a new ObamaCare plan in 2014.
Health Care Reform Effect On The Uninsured
The uninsured have an additional issue in that if they didn’t get health insurance in 2014, they face a mandate penalty. Some of the wholesome uninsured are going to observe that penalty and say, “Well, the penalty is 1% of my adjusted gross income; I make $50,000, so I’ll pay a $500 penalty or $1,000 for medical health insurance. In that case, I’ll take the penalty.” But both manner, they’ll be at once laid low with fitness care reform. Through the mandate, it impacts the insured as well as the uninsured.
Health Care Reform Effect On People With Grandfathered Health Plans People who have grandfathered medical health insurance plans will not be immediately stricken by fitness care reform. But due to the life cycle in their grandfathered health plan, it will make the ones plans extra highly-priced as they discover that there are plans available now that they could effortlessly switch to which have a richer set of advantages that might be greater useful for any chronic fitness problems they will have.
For folks that stay in those grandfathered plans, the pool of subscribers in the plan will begin to cut back, and as that takes place, the value of these grandfathered medical health insurance plans will grow even faster than it may be now. Therefore, people in grandfathered fitness plans may also be impacted via ObamaCare.
Health Care Reform Effect On People With Group Health Insurance
The remaining ones, the small organization marketplace, goes to be the most notably suffering from health care reform. Even although the health care reform guidelines predominantly affect big and medium-sized agencies and agencies with 50 or extra employees, smaller organizations may also be affected, even though they’re exempt from ObamaCare itself.
Many surveys and polls are starting to show that a number of the agencies that have 10 or fewer employees are going to appear severely at their choice to drop medical insurance coverage altogether and not have it as an expense of the employer. Instead, they will have their personnel get health insurance thru the medical health insurance exchanges.
In fact, some of the providers are actually announcing they expect that up to 50% of small companies with 10 or fewer employees will drop their medical insurance plan someday between 2014 and 2016. That will have a completely huge impact on all people who have institution medical insurance, particularly if they are in a single of these small organizations that drop health insurance coverage.