In recent months, we have witnessed many health reform regulations introduced by the Ministry of Health and Human Services. Every time this happens, it gets in the media, and the Wall Street Journal, The New York Times and the channel’s news programs write all sorts of stories. All analysts are starting to talk about the pros and cons, as well as what it means for business and individuals.
The problem is that several times the writer looked through the chart and wrote an article about it. Then the other authors begin to use excerpts from this first article and rewrite the parts based on their article. By the time information is widely disseminated, the actual provisions and rules have become distorted and distorted, and what actually appears in the media is sometimes not really true of what the rules say.
There was a lot of misunderstanding about what was going on with ObamaCare, and one of the things I noticed during discussions with clients was that there were a number of basic myths that people caught. About health care reform that just doesn’t like the true one. But apparently what they have heard in the media, people believe that these myths are really true.
Today we’re going to talk about the three myths I hear most often. Not everyone believes in these myths, but they do enough, and others are not sure what to believe, so it justifies dispelling these myths.
First, health care reform only affects the uninsured. Second, health care reform will not affect Medicare and Medicare. And lastly, health care reform will reduce health care costs.
Health care reform only applies to the uninsured
Let’s look at the first myth that health care reform only affects the uninsured. In many of the conversations I have with clients, they use different expressions: “I already have insurance coverage, so I’m not affected by ObamaCare” or “I’m just going to keep my grandfather’s health insurance,” and the last one is, and that’s, I can give them a little leeway, because they’re kind of telling the truth, “I have group health insurance, so health care reform won’t affect me.”
In fact, health care reform will affect everyone. Starting in 2014, we will have a whole new set of health insurance plans, and these plans have very rich benefits with many additional features that existing plans do not offer today. Consequently, these new plans will entail higher costs.
The Impact of Health Reform on People with Health Insurance
People who currently have health insurance will adopt these new plans in 2014. Thus, insurers will be directly affected by this situation, as the health insurance plans they have today will disappear and they will be displayed in the new plan. ObamaCare in 2014.
The Impact of Health Reform on the Uninsured
The uninsured have an additional problem: if they do not have health insurance in 2014, they will be fined for a period of time. Some healthy uninsured people will look at this fine and say, “Well, the fine is 1% of my adjusted gross income; I make $50,000, so I’ll pay a $500 or $1,000 fine for it. Health insurance. In this case, I just accept the punishment.” But in any case, they will be directly affected by health care reform. Because of the mandate, it affects both the insured and the uninsured.
The Impact of Health Reform on People Receiving Grandpa’s Health Care
Health care reform will not directly affect people who have established health insurance.
The latter, a market of small groups, will suffer the most from health care reform. While health care reform regulations primarily affect large and medium-sized businesses and businesses with 50 or more employees, small businesses will also be affected even if they are exempt from ObamaCare.
Many surveys and surveys are beginning to show that some companies with 10 or fewer employees are beginning to seriously consider their option of a complete renunciation of health insurance and no longer have this as a cost to the company. Instead, they will allow their employees to purchase health insurance through health insurance exchanges.
In fact, some carriers now say they expect up to 50 percent of small groups of 10 or fewer employees to give up health insurance between 2014 and 2016. This will have a very big impact on everyone who has insurance. – a collective disease, especially if they work in one of those small businesses that refuse Medicare.
Health care reform will affect not only the uninsured, but everyone.
Medicare reform doesn’t affect Medicare
The next myth was that health care reform would not affect Medicare. This is quite amusing, because from the very beginning, the most notable reductions were targeted at Medicare. If you look at Medicare’s share of the total federal budget, you’ll see that Medicare accounted for 4% of the U.S. federal budget in 1970 and rose to 16% of the federal budget by 2011.
If we look at this over the last 10 years, from 2002 to 2012, Medicare was the fastest growing part of the federal government’s core programs, and during that period it grew by nearly 70%.
Because of the size of Medicare and how fast it is growing, this is one of the major programs that ObamaCare is trying to take control of so as not to go bankrupt, the Medicare system in the U.S. will be affected, and, in fact, the first cuts. Medicare has already put in place about $716 billion.
Cuts to Medicare benefits and their consequences
Of this $716 billion reduction, Medicare Advantage will be the most stripped-down, and most effects will be visible.