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(prHWY.com) September 6, 2012 - Lynchburg, VA -- Lynchburg, Virginia - Democrats and Republicans continue to wage the war on health care reform despite the Supreme Court's recent ruling on the legislation. With so many accusations being thrown around by both sides, it can be overwhelming for the average person to decipher between fact and myth. To this end, the team at
USA Online Health Insurance has developed a brief synopsis on the main issues from each side's perspective, as well as the law's potential effect on your health insurance.
* Medicare will suffer from drastic cuts, and senior citizens will lose some benefits. While health care reform does slow the growth of Medicare spending over the next decade, it does not cut spending from one year to the next. The growth of fees paid to hospitals, home health agencies and other providers will be reduced, as well as payments to private Medicare Advantage insurance plans. While basic benefits provided under Medicare will be retained and some new benefits have been added, the aforementioned cuts in reimbursement to insurers may result in senior citizens paying hundreds of dollars more per year in out-of-pocket costs. The cuts may also prompt the reduction or elimination of extra benefits formerly included in private plans. However, one advantage of the legislation is the elimination of a co-pay for certain preventive services.
* Americans will be unable to retain their current
health insurance coverage. Opponents of the legislation have asserted that if an employer switches insurance carriers or reduces its share of premiums by more than 5%, the plan will lose its "grandfathered" status - that is, a plan in existence prior to adoption of the law - and employees will be forced to drop the coverage. "Grandfathered" plans are not required to offer health care reform consumer advantages like free preventive services, an increase in the annual dollar limits on benefits and improved access to out-of-network emergency care. Truthfully, there are not many changes to be made, as the vast majority of currently "grandfathered" plans already offer some or all of the consumer protections designed by the law. Consequently, insurance Virginia policyholders would likely see little to no changes to these benefits.
* The health care reform law will drive up costs and premiums. Critics argue that the aforementioned consumer protection provisions will force insurers to raise premiums, thereby increasing the cost of
insurance Virginia for policyholders. In response, the Obama administration has cited estimates from sources including the Urban Institute and Mercer that state that the maximum amount of increases brought about by the law is 1% to 2%. In reality, any long term prediction is speculative at best. Calculating the law's effect on health care costs - and subsequently, premiums - is tricky. This is partly due to the many factors that drive premium rates including charges determined by doctors and drug makers, the number of people that need care and how much insurers spend on administration or retain in profits.
The licensed and experienced agents at USA Online Health Insurance
are happy to answer any questions you may have about health care reform and how it may affect health insurance coverage. To speak with an agent or obtain free quotes on health insurance via our instant quote engine, go to
www.USA-Online-Health-Insurance.com.
About USA-Online-Health-Insurance.com
USA-Online-Health-Insurance.com is committed to providing consumers and business owners with the resources, information, tools and solutions they need to find the best available insurance plans on the market. Their team of highly trained, dedicated and fully licensed agents is ready and eager to help insurance shoppers navigate the insurance process to find the right policy for their coverage needs and budgets.
Contact: mbrooks524@aol.com
111 Hexharn Drive, Suite A
Lynchburg, VA 24502
Phone
434-239-0512
866-439-0512
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