Daily News Updates - Health Insurance News

Focusing On the Big Picture, Pt.5 – Obama seeks affordable and adequate for all.

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Employers already offering health insurance will not be burdened in any way. In fact, they will benefit greatly by offloading the most expensive treatments to the government. Small businesses will also benefit. Some will be exempted from responsibility, while other will benefit by receiving the great health insurance advantages that are now reserved for only larger companies. However, those employers who elect to not offer health insurance to their workers will be required to contribute to a fund (by mandate) so that their workers can get coverage elsewhere. The amount to be assessed is not yet determined, but the Massachusetts model is currently testing a value of 7% of payroll. Based on their results, a fair and workable amount should be determinable.

As mentioned, Mr. Obama is committed to provide health insurance for all citizens who would choose it. To implement this, he plans to form a new government entity to provide public health insurance. This may run along the lines of an extended Medicaid.

All of the children would be covered under Mr. O’s plan. He intends to expand eligibility for the SCHIP (children's health insurance program). Medicaid would be expanded, as well.

For those who can’t get coverage any other way, Mr. O is creating a nationwide public health insurance market.

A great concern, not addressed by Mr. McCain, is the dismal state of those with inadequate health insurance. Many of these are destitute and being driven into bankruptcy over medical expenses. Mr. O is purporting that the coverage he is creating could be likened unto the coverage that the members of Congress themselves enjoy. Adequate, at the very least.

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