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Health Care Reform — Smashing The 3 Biggest Fallacies Of ObamaCare

Within the last few months we’ve seen a lot of Health care Reform rules and regulations being introduced by the Health and Human Services Department. Every time that vibrador happens, the media gets hold of it and all kinds of articles are written in the Wall Street Journal, the new York Times, and the TV network news programs talk about it. All the analysts start talking about the pros and cons, and what it means to businesses and individuals.

The problem with this is, many times one writer looked at the regulation, and wrote an article about it. Then other writers begin pieces from that first article and rewriting parts to fit their article. By the time the information gets widely distributed, the actual regulations and rules get twisted and distorted, and what actually shows up in the media sometimes just doesn’t truly represent the veracity of what the regulations say.

There are lots of belief about what is going on with ObamaCare, and one of the things that I’ve noticed in discussions with clients, is that there’s an underlying set of fallacies that people have picked up about health care reform that just aren’t true. But because of all they’ve heard in the media, people believe these fallacies are actually true.

Today we’re going to talk about three fallacies I hear most commonly. No person believes these fallacies, but enough do, and the like are unsure what to believe, so it warrants dispelling these fallacies now.

The first one is that health care reform only affects uninsured people. The second one is that Medicare benefits and the Medicare program isn’t going to be affected by health care reform. And then the last one is that health care reform is going to reduce the costs of healthcare.

Health care Reform Only Affects Uninsured

Let’s look at the first delusion about health care reform only which affects uninsured people. In a lot of the discussions I have with clients, there are several expressions they use: “I already have coverage, so i won’t be affected by ObamaCare, inch or “I’ll just keep my grandfathered health insurance plan, inch and the last one — and this one I can give them a little bit of margin, because part of what they’re saying applies — is “I have group health insurance, so i won’t be affected by health care reform. inch

Well, the reality is that health care reform is actually going to affect everybody. Starting in 2014, we’re going to have a whole new set of health plans, and those plans have very rich benefits with lots of extra features that the existing plans today don’t offer. So these new plans are going to be higher cost.

Health care Reform — Smashing The 3 Biggest Fallacies Of ObamaCare
By Bob J Thompson | Submitted On Walk 27, 2013

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Within the last few months we’ve seen a lot of Health care Reform rules and regulations being introduced by the Health and Human Services Department. Every time that happens, the media gets hold of it and all kinds of articles are written in the Wall Street Journal, the new York Times, and the TV network news programs talk about it. All the analysts start talking about the pros and cons, and what it means to businesses and individuals.

The problem with this is, many times one writer looked at the regulation, and wrote an article about it. Then other writers begin pieces from that first article and rewriting parts to fit their article. By the time the information gets widely distributed, the actual regulations and rules get twisted and distorted, and what actually shows up in the media sometimes just doesn’t truly represent the veracity of what the regulations say.

There are lots of belief about what is going on with ObamaCare, and one of the things that I’ve noticed in discussions with clients, is that there’s an underlying set of fallacies that people have picked up about health care reform that just aren’t true. But because of all they’ve heard in the media, people believe these fallacies are actually true.

Today we’re going to talk about three fallacies I hear most commonly. No person believes these fallacies, but enough do, and the like are unsure what to believe, so it warrants dispelling these fallacies now.

The first one is that health care reform only affects uninsured people. The second one is that Medicare benefits and the Medicare program isn’t going to be affected by health care reform. And then the last one is that health care reform is going to reduce the costs of healthcare.

Health care Reform Only Affects Uninsured

Let’s look at the first delusion about health care reform only which affects uninsured people. In a lot of the discussions I have with clients, there are several expressions they use: “I already have coverage, so i won’t be affected by ObamaCare, inch or “I’ll just keep my grandfathered health insurance plan, inch and the last one — and this one I can give them a little bit of margin, because part of what they’re saying applies — is “I have group health insurance, so i won’t be affected by health care reform. inch

Well, the reality is that health care reform is actually going to affect everybody. Starting in 2014, we’re going to have a whole new set of health plans, and those plans have very rich benefits with lots of extra features that the existing plans today don’t offer. So these new plans are going to be higher cost.

Health care Reform’s Effect on People with Health insurance

People that surely have health insurance are going to be transitioned into these new plans sometime in 2014. So the insured will be directly affected by this because the health plans they have today are going away, and they’ll 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 do not get health insurance in 2014, they face a require penalty. Some of the healthy uninsured are going to look at 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 health insurance. In that case I’ll spend the penalty. inch But either way, they will be directly affected by health care reform. Through the require it affects the insured as well as the uninsured.

Health care Reform Effect on People with Grandfathered Health Plans

People that have grandfathered health insurance plans will never be directly affected by health care reform. But because of the life cycle of their grandfathered health plan, it’s going to make those plans more costly as they discover that there are plans currently available that they can easily transfer to this have a richer set of benefits that has to be more beneficial for any chronic health issues they may have.

Those of you that stay in those grandfathered plans, the pool of subscribers in the plan are going to start to greatly reduce, and as that happens, the cost of those grandfathered health insurance plans will increase even faster than they are now. Therefore, people in grandfathered health plans will also be impacted by ObamaCare.

Health care Reform Effect on People with Group Health insurance

The last one, the group marketplace, is going to be the most notably affected by health care reform. Even though the health care reform regulations predominantly affect large and medium-sized companies, and companies that have 50 or more employees, smaller companies will also be affected, even though they’re exempt from ObamaCare itself.

What many surveys and polls are commencing to show is that some of the businesses that have 10 or fewer employees are going to look seriously at their choice to drop health insurance coverage altogether, and no longer get it as an expense of the company. Instead, they will have their employees get health insurance through the health insurance transactions.

In fact, some of the carriers are now saying they anticipate that up to 50% of small groups with 10 or fewer employees are going to drop their health insurance plan sometime between 2014 and 2016. That will have a very good large effect on all people who have group health insurance, especially when they’re in one of those small companies that drop health insurance coverage.

It’s not just uninsured that are going to be affected by health care reform, everybody is going to be impacted.

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