Monday, March 22, 2010

And Why Is This a Bad Thing?

Top 18 Effects of the HealthCare Reform Bill as summarized here...

An End To Pre-Existing Conditions: Health Insurers cannot deny children health insurance because of pre-existing conditions. A ban on the discrimination in adults will take effect in 2014.

Small Business Tax Credits: Businesses with fewer than 50 employees will get tax credits covering up to 50% of employee premiums.

Seniors Get 'Donut Hole' Rebate: Seniors will get a rebate to fill the so-called "donut hole" in Medicare drug coverage, which severely limits prescription medication coverage expenditures over $2,700. As of next year, 50 percent of the donut hole will be filled.

More Young Adults Covered On Parents' Plans: The cut-off age for young adults to continue to be covered by their parents' health insurance rises to the age 27.

No Lifetime Caps: Lifetime caps on the amount of insurance an individual can have will be banned. Annual caps will be limited, and banned in 2010

Adults With Pre-Existing Conditions Covered: A temporary high-risk pool will be set up to cover adults with pre-existing conditions. Health care exchanges will eliminate the program in 2014.

New Insurance Plans Must Include Preventative Care: New plans must cover checkups and other preventative care without co-pays. All plans will be affected by 2018

The End Of 'Recissions': Insurance companies can no longer cut someone when he or she gets sick.

Transparency In Insurance Companies: Insurers must now reveal how much money is spent on overhead.

Customer Appeals Process: Any new plan must now implement an appeals process for coverage determinations and claims.

Indoor Tanning Services Tax: This tax will impose a ten percent tax on indoor tanning services. This tax, which replaced the proposed tax on cosmetic surgery, would be effective for services on or after July 1, 2010.

Enhanced Fraud Abuse Checks: New screening procedures will be implemented to help eliminate health insurance fraud and waste.

Medicare Expansion To Rural Areas: Medicare payment protections will be extended to small rural hospitals and other health care facilities that have a small number of Medicare patients.

Deductions For Blue Cross Blue Shield: Non-profit Blue Cross organizations will be required to maintain a medical loss ratio -- money spent on procedures over money incoming -- of 85 percent or higher to take advantage of IRS tax benefits.

Nutrient Content Disclosure: Chain restaurants will be required to provide a "nutrient content disclosure statement" alongside their items. Expect to see calories listed both on in-store and drive-through menus of fast-food restaurants sometime soon.

Better Coverage For Early Retirees: The bill establishes a temporary program for companies that provide early retiree health benefits for those ages 55‐64 in order to help reduce the often-expensive cost of that coverage.

Better Consumer Information On The Web: The Secretary of Health and Human Services will set up a new Web site to make it easy for Americans in any state to seek out affordable health insurance options The site will also include helpful information for small businesses.

Encouraging Investment in New Therapies: A two‐year temporary credit (up to a maximum of $1 billion) is in the bill to encourage investment in new therapies for the prevention and treatement of diseases.

Baby steps people. Baby steps. Most of this I wish were going into effect immediately and not in 2014. Good God, I'll be almost 36 by then. And I'm so sick of reading about people complaining on FB and other places.

Be thankful for what we've got (even if we want more). And stop complaining that they're making these decisions (you should count your blessings and share the wealth). And as for the argument that now we're socialists... well, that's just so ridiculous and I can't even think of an adequate reprimand.


jenA said...

I'm pretty sure it's mostly the mandate and the idea that higher insurer costs will trickle down to consumers that gets many people's goat(s). But like I say to those people, this is an accessibility bill, not an industry reform bill.

Anonymous said...

Hi Ann... I only landed on your blog because we share the same surname... anyway I thought I would let you know that today the Glenn Beck television show deals with religion, morality and the new health care bill. As a paster, I thought you would especially be interested

I suspect you're not a fan of Beck but you might like to know his views and possible criticize them on your blog since religion is your area of professional expertise. You can catch the repeat of today's show and at 1:00 am central time on Fox News Channel

I wish you well even though we are on opposite sides of the political spectrum. I will just mention that I believe the 3rd party payer systems are the biggest factor in out of control prices for medical care.
And there is no reason why market forces cannot reduce prices and improve quality as it has in those medical services not dominated by 3rd pary payer institutions---- Lasik surgery and plastic surgery. if we would only allow this to work

a good examination of this problem with our current health care system is John Stossel's "Sick In America"

watch it on youtube at link below

God Bless.