What South Florida Can Expect from ObamaCare
A Contributor Perspective: Insurance Premiums May Still Rise
For many Americans, the battle of finding insurance for their children with pre existing conditions may finally be over. Many parents will be able to go back to work while still obtaining private insurance for their children. Additionally, because of the Patient Protection and Affordable Care Act, patients will no longer have co-payments for about 100 preventative measures. Furthermore, adult children up to the age of 26 can be covered by their parents' insurance policies, lifetime caps will be eliminated, and consumers will be able to appeal to a third party when they feel that their insurance company has wronged them.
These changes are set to go into effect with the start of a consumer's new insurance year, usually being January 1. However, many people who have different renewal dates could see changes as early as this coming Thursday. Still, since ObamaCare runs more than 2,000 pages long there are many complexities and hurdles.
For instance, what is going to happen to employers and the insurance plans of small businesses? The answer is that many of these businesses who have insurance plans that were implemented before the act will be "grandfathered" in and may not have to abide by some reform requirements. This puts employers between a rocks and a hard place: keep the current system of co payments or accept the reforms and lower their costs by having employees pay higher premiums. Either way, it's the employees who still end up having to pay at the end of the day.
The Vice President of Blue Cross and Blue Shield for Florida, Randy Kammer, told The Miami Herald that she thinks most businesses who find themselves in that position are going to opt to accept the reforms and lower their costs. In other words, their employees will be paying higher premiums. Kammer is quick to add that in Florida it may take some time for the premiums to increase.
If premiums in Florida do rise, it is still difficult to calculate by how much. President Obama insists that premiums would only rise by about 2 percent; meanwhile some insurance companies are claiming ObamaCare may cause premiums to rise up to 10 percent. Either way, it would seem as tax payers and individuals all over the country are going to be paying.
Sources:
Obama-led healthcare arrives Thursday - here's what to expect
New Tax on Indoor Tanning Goes Into Effect
Healthcare.gov
Published by Amanda Abella
A freelance writer since 2009, Amanda Abella has had work published on Yahoo News, eHow, Miami Examiner, Environmental Graffiti, The Smart College Grad, and Handmade News. She also runs a Gen Y personal deve... View profile
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1 Comments
Post a CommentThis reform is going to raise costs for everyone and it is going to take decades to work out the complexities with its functions and requirements. I am a firm believer that something needed to be done about health care but I am not sure that this was the best plan.