Over the past few months we have seen a number of Health Care laws and regulations introduced by the Department of Health and Human Services. Whenever that happens, the media catches it and all sorts of articles are published in the Wall Street Journal, New York Times, and TV news programs about it. All analysts start talking about their pros and cons, and what it means for businesses and individuals.
The problem with this is that, often one writer looked at the regulation, and wrote a clip about it. Then some writers begin to use the fragments in that original article and write the parts to fit their essay. While information is widely disseminated, the rules and regulations themselves are distorted and distorted, and what appears in the media sometimes does not reflect the truth of the rules.
There’s a lot of misunderstanding about what’s going on with ObamaCare, and one of the things I’ve seen in interviews with clients, is that there is a foundation of myths people have taken for granted on changes in health care that aren’t just true. But because of all that they have heard from the media, people believe that these myths are true.
Today we are going to talk about three myths that I feel very strongly about. Not everyone believes in these myths, but it is enough, and some are not sure what to believe, so these myths should be eradicated now.
The first is that the transformation of health care only affects people who are not certified. Second is that the benefits of Medicare and the Medicare program will not be affected by health change. And last but not least, the transformation of health care will reduce the cost of health care.
Health Modification Only Affects Unauthorized
Let’s take a look at the first myth about the transformation of health care that only affects uninsured people. In many of my conversations with clients, there are several expressions they use: “I already care, so I won’t be affected by ObamaCare,” or “I’ll just keep my great. “
Yes, the reality is that health care transformation will actually affect everyone. Starting in 2014, we will have a new set of health plans, and those programs have very rich benefits with much more that can be offered by existing programs. So these new programs will be costly.
Effect of Health Care Changes on Health Insurers
People with current health insurance will be transferred to these new programs sometime in 2014. Insurers will therefore be directly affected by this because the health plans they have today are underway, and they will be mentioned with the new ObamaCare program in 2014.
Effect of Unlabeled Health Care Modification
Unconfirmed have the added problem that if they do not receive health insurance in 2014, they face an authorization fine. Some unsuspecting healthy people will look at that punishment and say, “Well, the fine is 1% of my gross income I will just take the fine.” But either way, they will be directly affected by the health care transformation. Authorities affect insurers and insurers.
Effect of Health Care Transformation on People with Major Health Systems
People with a major health insurance plan will not be directly affected by health reform. But because of the health cycle of their major health plan, it will make those plans more expensive as they discover that there are existing programs that can easily transfer to those with a host of benefits that could be of great help to any chronic health issues they may have.
For people living in those grandparents’ programs, the number of subscribers will start to decrease, and as that happens, the cost of those health insurance schemes will grow much faster than they currently have. Therefore, people in major health systems will be affected by ObamaCare.
Effect of Health Care Transformation on Individuals with Insurance Health Group
Lastly, the small group market will be heavily influenced by health reform. While health care reform principles affect large and medium-sized companies, and companies with 50 or more employees, smaller companies will also be affected, even if they are exempt from ObamaCare itself.
Many surveys and ballots begin to show that some businesses with 10 or fewer employees will seriously consider their option of dumping health insurance completely, and may no longer have it as a company. Instead, they will have their employees get health insurance through the exchange of health insurance.
In fact, some carriers now say they expect up to 50% of small groups with 10 or fewer employees to abandon their health insurance plan sometime between 2014 and 2016. That will have a huge impact on everyone having group health insurance, especially if they are one of these smaller companies leaving health insurance.
Not only is there no guarantee that health care will be affected, everyone will be affected.
Health Modifications Will Not Affect Medicines
The myth is that health care transformation will not affect Medicare. This is ridiculous because right from the start, the most significant cuts were directly on the Medicare system. If you look at Mededare’s part of the organization, you can see that by 1970, Medicare was 4% of the US government’s budget, and by 2011, it had grown to 16%.