Health Care Reform – Busting The 3 Biggest Myths

Health Care

In the past couple of months we’ve seen a lot of Health Care  rules and regulations being released with the Health and Human Services Department. Each of the analysts start talking about the advantages and disadvantages, and what it means to businesses and individuals.The problem with this isthat many times one author looked in the regulation, and wrote a piece about it. Then other writers begin using bits from this very first post and rewriting parts to match their own article. By the time the information gets widely dispersed, regulations and rules get twisted and distorted, and that which actually shows up in the media occasionally just doesn’t truly represent the reality of exactly what the regulations state.There’s a good deal of misunderstanding about what is going on with ObamaCare, and one of the things which I’ve noticed in discussions with clients, is that there is an underlying group of myths that people have picked up concerning health care reform that simply are not correct. But because of all they’ve discovered in the media, people think these myths are actually correct.Today we are going to talk around three myths that I hear many commonly. Not everybody believes that these myths, but enough do, and others are unsure what to think, so it warrants dispelling these myths today.The first one is the health care reform only impacts uninsured people. And the previous one is the health care reform will reduce the costs of healthcare.Health Care Reform Just Affect UninsuredLet’s look at the first myth about health care reform only impacting uninsured people. In a lot of the discussions I have with clients, there are several sayings they use:”I have coverage, so that I won’t be affected by ObamaCare,” or”I will just keep my grandfathered health insurance program,” and also the last one – and this one I could give them a little bit of leeway, since part of what they’re saying is true — would be”I have group health insurance, so that I will not be affected by medical care reform.”Well, the truth is that health care reform is really going to affect everybody. Starting in 2014, we’re going to have an entirely new set of health plans, and those plans have very rich benefits with lots of additional features that the present plans now don’t offer. These new plans are going to be higher cost.People that now have health insurance will be transitioned into these new programs sometime in 2014. So the insured will be immediately affected by this since the health plans they have now are going away, and they will be mapped to a new ObamaCare program in 2014.Health Care Reform Impact On The UninsuredThe uninsured have an additional issue because if they don’t get health insurance in 2014, they face a mandate penalty. A number of those healthy uninsured are going to consider this penalty and say,”Well, the penalty is 1% of my adjusted gross income; I make $50,000, so I will pay a $500 penalty or $1,000 for health insurance. In that case I will only spend the penalty.” But in any event, they’ll be directly affected by health care reform. Throughout the mandate it affects the insured as well as the uninsured. For more information click on this link

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