Daily News Updates - Health Insurance News

Those Worst Off, Pt.12 – Here’s a fresh outlook.

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All this being said, high-risk pools are not the only game in town. The health insurance/care plan proposed by Mr. Obama takes a very different tack. It does not place total reliance on high risk pools, which are obviously laden with inherent problems. Instead, Mr. Obama wants to bolster risk-sharing plans, instead of high-risk plans. This is probably the greatest value of the employer-based health insurance. 60% of our nation knows and uses it now and have relied on its stability until recent. The recent problem is the trend of employers starting to drop it. Mr. Obama intends to build in devices to bolster the risk-sharing employer-based health insurance.

Certainly, one of the main problems causing our nation’s current health insurance/care crises is the out-of-control medical cost condition, where our citizens are being charged many times the amount of medical costs than any other industrialized country in the world. Ignoring that fact is guaranteed failure. Mr. Obama has a feature to recon with that also. It’s called a ‘connector’, similar to that of the Massachusetts health insurance/care model in some ways. It is expected to become so large as to control enough of the open-market to keep extreme and excessive expenditures in check.

Mr. Obama is also attending to these ‘worst off’ victims with allowing “up to $65 billion a year into subsidies” (taken from Mr. Sack’s article again). Although 55% of our nation is willing to pay higher taxes for a working health insurance system "administered by the government” (according to a recent CNN News poll), the beauty of Mr. Obama’s plan is that the taxes of 9 out of 10 Americans won’t even be affected. One last element of Mr. Obama’s plan is that there would be mandates compelling Health insurance companies to cover these ‘worst off’ that are now being denied for ‘pre-existing condition’ reasons.