Skip to comments.Obamacare: You Will Lose Your Current Insurance. Period. End of Story.
Posted on 07/20/2009 11:29:06 AM PDT by Bill Dupray
* Approximately 103 million people would be covered under the new public plan and as a consequence about 83.4 million people would lose their private insurance. This would represent a 48.4 percent reduction in the number of people with private coverage.
* About 88.1 million workers would see their current private, employer-sponsored health plan go away and would be shifted to the public plan.
(Excerpt) Read more at patriotroom.com ...
I’d like to read some sensible statements as to who specifically will benefit from Obamacare.
If a veteran is covered by the Veteran Administration health program, will he still be forced to participate in, and pay for, the the new Soviet Medicine Man program?
Under Obamah-Care, My choices would be, pay the $150.00/Mth rate increase for my existing policy or sign up for Socialize Medicine.
I would not have a choice to switch private insurers.
When a cheaper alternative with lower quality is made available, employers will opt to purchase those less costly insurance plans, forcing employees to accept this cheaper alternative which may or may not allow them to keep their current doctors. Employees may also be invited to purchase their own healthcare if they have their heart set on keeping their own physician after years of establishing a trusting doctor-patient relationship. This is the part youre not told, that ultimately, it will be a luxury to keep your existing physician and your existing health plan.
Who will benefit:
Low-income self-employed under 62 with no children. Presently, they either purchase very high deductible catastrophic or go bare.
Businesses that now provide health insurance. They can simply show their employees how to sign up for the public insurance option.
Any medical workers/institutions that have negotiated fewer cuts (for the present) to their reimbursements from Medicare/Medicaid.
Pharmaceutical and medical equipment companies who will negotiate large stable contracts with the dispensary elements overseen by the government medical workers.
Any union workers with a long running contract that includes health insurance. The insurance companies cannot change their policies under the proposals out there right now. I am unaware if this will also include the insurance benefits union and state pensioners.
State workers who will administer these programs.
Medical coders who will be employed to convert records from paper to electronic.
The states themselves, which will receive Federal funds for many of the policies issued under this law.
The insurance companies cannot enroll anyone new. Policies cannot change. Eventually, everyone is on government insurance and there is no need to fine any business.
I haven’t had employees in a long time, but when I did, benefits were about 1/3 of payroll. The largest benefit is health insurance. The fine is $800/employee. That is not the cost of health insurance if the company pays it all. Even a week or two week paid vacation is not 1/3 of a year’s salary.
Of course, I imagine FICA/FUTA is also going to increase, so maybe you are correct and the businesses will not benefit after that tax increase.
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