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Daily News Updates - Health Insurance News

Main Street’s Feedback on Obama, Pt.2 – A very good question.

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The next feed is from blogger signed in as ‘thecodemonk’. This is the best kind. It represents valuable research and well developed insight. ‘thecodemonk’ shares with us some fine details that evoke essential questions concerning health insurance funding. The first great question is: “…but at what cost?” Drawing official information on actual health insurance costs from the federal employment benefits web site. ‘thecodemonk’ has researched the cost of a federal plan that is parallel to an average private health insurance/care package. ‘thecodemonk’ informs us this federal plan would cost about $850 a month for a family plan. Since the eligibles right now are (or were) federal employees, the government, like other employers, picks up between 71% to 81% of the tab. This leaves the employee paying about $250 a month.

‘thecodemonk’’s point is that Mr. Obama has committed to offer this type of health insurance to the qualifying public. Yet the public are not federal employees. So who picks up the 71% tab that the government picks up for its employees? It it’s no one, then it’s a rotten deal. Great question. Mr. Obama should be pressed for this answer and anyone who finds accurate insight on the matter can share the news with the rest of us. In any case, independent non-partisan expert organizations seem to agree that Mr. O’s plan will end up covering about 35 million Americans within 5 years who would, otherwise, have no health insurance, compared to only 1 – 2 million that Mr. Mc’s would cover.

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