Daily News Updates - Health Insurance News

Elect Health Insurance, Pt.3 – Mr. Obama helps employers provide insurance.

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By contrast, Mr. Obama is striving to shore up the instability in our employer-based risk-sharing health insurance community. In this effort, he is requiring that medium-to-large businesses contribute to the well-being of their own employees, as they always have done in the past. It has always been commonly accepted that these employers would offer health insurance benefits to their employees. But, due to skyrocketing premium costs over the last 8 years, many employers have found the need to opt out of offering health insurance benefits any longer.

Mr. Obama plans to help out these companies by bringing down the health insurance cost to the employer. This would be accomplished in several ways. One way is to subsidize some of the high-cost items that raise rates in the first place. This alone will help out the hard-pressed employers. Another way is to create a large government public health insurance entity to compete with the existing health insurance industry.

This new competition is expected to keep the open market health insurance more in-line with reasonable profit margins and keep health insurance premiums more within reach of the American population.

Small business will receive even more help. Rather than ‘crush small business’ as Mr. McCain likes to say, Mr. Obama will reach out to help them. First he will assist them by providing large group health insurance plans, incorporating several small companies who will all share in the benefits. Together, they will enjoy the privileges that have only ever been afforded to larger businesses in the past.

Continued…
November News...