Question by ExcessPhase: What is a health insurance exchange?
Why should I buy health insurance at such an exchange?
Do apply different laws inside this exchange vs. the normal (outside) market?
Or what would make an insurance offer different products (or different prices for the same product) in this exchange vs. outside this exchange?
Answer by bwlobo
If the Supreme Court strikes down President Barack Obama’s health care law, employers and insurance companies _ not the government _ will be the main drivers of change over the next decade and maybe even longer.
They’ll borrow some ideas from Obamacare, and push harder to cut costs.
Business can’t and won’t take care of America’s 50 million uninsured, but for the majority with coverage, here’s what experts say to expect:
_ Workers will bear more of their own medical costs as job coverage shifts to plans with higher deductibles, the amount you pay out of pocket each year before insurance kicks in. Traditional workplace insurance will lose ground to high-deductible plans with tax-free accounts for routine medical expenses, to which employers can contribute.
_ Increasingly, smokers will face financial penalties if they don’t at least seriously try to quit. Employees with a weight problem and high cholesterol are next. They may get tagged as health risks and nudged into diet programs.
_ Some companies will keep the health care law’s most popular benefit so far, coverage for adult children until they turn 26. Others will cut it to save money.
_ Workers and family members will be steered to hospitals and doctors that can prove to insurers and employers that they deliver quality care. These networks of medical providers would earn part of their fees for keeping patients as healthy as possible, similar to the “accountable care organizations” in the health care law.
_ Some workers will pick their health plans from a private insurance exchange, another similarity to Obama’s law. They’ll get fixed payments from their employers to choose from four levels of coverage: platinum, gold, silver and bronze. Those who pick rich benefits would pay more. It’s an approach that Rep. Paul Ryan, R-Wis., the GOP budget leader, also wants to try with Medicare.
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- Medicare Tax? Health Care for the Elderly? Let’s look at the facts about the proposed Medicare Tax … and a medical care program for the aged that already exists! What’s the hurry here? The supporters of the proposed Medicare Tax would have you believe that passage of this controversial bill is urgent … that persons over 5 are deprived of needed medical care because they can’t pay for it. Nothing could be further from the truth. The Kerr-Mills Law, passed by Congress in 1960 – enabled individual states to guarantee to every elderly person who needs help the health care he or she requires. We call this health program … Health Opportunity for the Elderly. Thousands of people every day are being helped by its generous benefits. And unlike Medicare, which would substantially increase your Social Security Tax payroll deductions, existing programs are being paid for now by a part of your present tax dollar! Medicare? NO. Health Care for the Elderly? YES! ….. 1964 American Medical Association Ad, A5157.
- H.R. 3590 – The Health Care Reform Bill as passed on March 21, 2010 — Complete text signed by President Barack Obama (also known as “Health Reform” and … Act 2009 / 2010″) 2,409 pages — Searchable
- What does this new health care law mean for uninsured people who need coverage?
- Know the TRUTH about the Government Health Care Bill HR3200 – Key Points
- Landmark Inside Story America New Health Care Law and What I-Washington Post
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