Stanley Feld M.D.,FACP,MACE
Millions of Americans are going to pay more for their healthcare
insurance and get less coverage and a higher deductible cost.
Can ordinary American get the same waiver as government workers?
from Oliver Wyman in an article published in the journal of the American
Academy of Actuaries, found that "around six million of the 19
million people with individual health policies are going to have to pay
more—and this even after accounting for the government subsidies offered under
"For example, single adults age 21-29 earning
300% to 400% of the federal poverty level will be hit with an increase of 46%
even after premium assistance from tax credits."
The number of people seeking individual healthcare insurance
will be even higher when it becomes clear that employers presently providing
healthcare insurance to employees will drop the coverage and elect to pay the
healthcare insurance industry claims the reason for the increases in premiums
is the Obama administration’s regulatory policies for participating in health
Obamacare's community-rating regulations, which
require insurers to accept everyone but limit or ban them from varying premiums
based on age or health.
- The law
also mandates "essential" benefits that are far more generous than
those currently offered and thus raise the premiums.
- The healthcare insurance industry will be
required to pay a tax on every healthcare insurance policy sold through the
health insurance exchange. The industry is anticipating the tax and passing it
on the anticipated cost to the consumer.
- Employers with over 50 employees are decreasing the
number of employees to less than 50 employees so as not to pay a penalty for
not providing insurance.
- Employers are not required to
provide insurance for employees working less that 30 hours a week and so
employers are decreasing employee work hours.
The Bureau of Labor
Statistics reported on a category of workers who will almost surely be
involuntarily under-employed as a result of health reform.
to Congressional Budget Office projections in July and September 2012, three
million people will lose their insurance altogether in 2014 due to Obamacare.
million will have to pay the individual-mandate tax penalty in 2016 because
they don't want or won't be able to afford coverage, even with the government subsidies.
It is anybody’s guess how many people will be uninsured. The more
uninsured people that are eliminated from the insurance pool the higher the
insurance premium for those insured.
Rather than providing universal affordable care the Obama
administration has created a system that will result in more uninsured consumers and faced with unaffordable costs.
Are all these people going to qualify for Medicaid? I do not believe so.
They will earn too much to qualify for Medicaid and too little money to afford
the upcoming premiums.
It is estimated that 30 to 40 million American families’ will
experience an adverse affect in healthcare coverage as a result of Obamacare.
Americans are becoming concerned as the reality of the negative effects
of Obamacare become clear.
Even the traditional mainstream media is starting to report those
concerns as Obamacare’s negative effects are being felt.
Theoretically Obamacare sounds good. Practically it will collapse
the healthcare system.
“Health and Human Services Secretary Kathleen Sebelius, who told a
gathering a few weeks ago at the Harvard School of Public Health that she has
been "surprised" by the political wrangling caused so far by Obamacare,
there are likely to be plenty of surprises ahead.”
What are the other surprises? What is going to happen to all the
uninsured and underinsured?
It looks like the outcomes are going to be the opposite of the goal of
The opinions expressed in the blog “Repairing The Healthcare System” are, mine and mine alone
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