Medicare Mandates

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There has been a lot of worries and fears of what will happen if the Supreme Court rules against the mandate and quite possibly, the whole affordable care act that was presented by Barack Obama’s administration. According to reports and polls, the number of American citizens who don’t have health insurance went up from 15% in 2008 to 17% last year. So this means that the new private insurance system is failing to increase the number of insured people, but it is also increasing the number of uninsured people, which is a disaster.

The situation in the state of West Virginia is more stable, as the number of uninsured people is the same as last year at 18% of the residents. Despite this stability, but 18% of the population is uninsured is way above the standards and national numbers of the United States. In West Virginia there is another problem, especially for the insured citizens of the state. As the premiums of full family insurance is on the rise, noticeably. Citizens who first enrolled paid a total sum of 12,554 dollars three years ago, this number increased by 16% the next year, as the premium increased to 14,540 dollars. The employer picks up the 10,150 dollars of the cost, but this will lead to decreasing the wages over the course of time. This is not all, as it can also lead to the relocation of the factories that are located in West Virginia.

There are some hard decisions to be made every year. These choices include, increasing the employee copayments & deductibles due to the high charges of insurance. Another option is to increase property taxes or to cancel road maintenance, the sheriff, EMS and other programs of that sort. For small businesses, it is even harder, because they don’t have the ability to increase their yearly revenue by increasing taxes. As for big businesses and firms, they are simply moving out with their operations outside the U.S and they take in more premiums.

There is only one solution for this predicament; the solution is Medicare for everyone. Having one system with one payer will insure that no increase in costs will take place and it will have the ability to cover all the residents. This is why, the govt. should really examine and look into the Reid plan that aims to provide every one with Medicare and expand it exponentially. This plan was presented by Senator Harry Reid 3 years ago. He stated the possibility of an optional purchase for people who are 55-64 years who don’t yet have a private insurance policy. Responding to that, all of the hospital and physician accompanied by insurance lobbies refused it. Some of them had logical reasons, and some of them were just looking after themselves.


Insurance Goal for California Commissioner

Dave Jones, the Insurance Commissioner of the state of California made his top goal and target is to reform and make the fixes needed to the health care insurance system. He is pursuing to do what he can in order to stop the excessive increase in the rates of health insurance. In order to achieve that, he decided to support a ballot that would do just that. It is called the Insurance Rate Public Justification and Accountability Act.

He was asked about several things regarding this ballot and the health care system that was presented by Barack Obama’s administration. He first talked about the only way to aid the uninsured citizens of California, whose numbers are estimated to be six million uninsured resident. The solution for this is to simply carry out the Affordable Care Act that was presented by the federal govt. Besides that, insurance firms will have to cover everyone despite any existing conditions. This is because having everyone insured it will certainly help, because if this doesn’t occur, a lot of people who are uninsured will end up in the ER rooms, which is very costly.

He then started to talk about what will happen if the “Affordable Care Act” gets overturned by the Supreme Court of the United States. He said that it is very early to predict what will happen and what will be the ruling of the Supreme Court. Barack Obama and his administration stated that this is the only plan they have, no backup plan. So in California, he and his administration are doing their best in order for everything to work in the way it should. He then started to talk about the ballot that he is supporting and backing, he said that he has been battling for 7 years in order for a legislation, but he always failed because that HMOs have tremendous influence in the Senate of the state. So he decided to go another way and get the support of the voters, and this is the reason behind his support for this measure that is expected to go on the ballot of November. He then continued and said that there are many states who give their commissioner the ability to refuse and prevent the increasing rates, a sum of thirty four states.

He was then asked about the opinions that say that in order for such law to be carried out; it will cost the state a lot of expensive fees and costs. He answered and said that the numbers that are estimated are exaggerated, and either way, these fees will not cost the regular taxpayer any more payments. This is due to the fact that these costs are going to be paid by the fees implemented on the insurance firms.

 

 


Long Term Care Policies

On the first glance, the long term care policies that insurance firms provide seems perfect, as they help the individuals pay the expensive costs when they are in need of daily care of a nurse. This is due to the fact that when a person can’t take care of himself, and his daily needs can’t be met by his friends and relatives, bills will start to pile up. Another option is joining a nursing home center, which can become very costly and expensive, and there is no estimation on the amount of time that you will stay there, as it might be forever. This is why it seems that purchasing a long term care policy form insurance company seems to be the best way to satisfy your needs in the future when you are no longer able to satisfy your daily need.

On the other hand, analysts and experts in this field have stated that insurance companies use devious tactics and exploit the fear within the people to sell their policies. While in fact, these policies are not the magical solution for this kind of problem as people think. This is due to the fact that these kinds of insurance policies are in fact not vital and they cost the insurers way more than the things and benefits that they get in return. They add that people would get more and pay less if they self-insure or depend on the programs that is offered and funded by the govt.

Responding to such allegations, a professor at George Mason University, Mark Meiners begs to differ. He said that saying that is basically hoping for the best, which isn’t always going to happen. He said that people have to be ready and embrace the fact that there is a big possibility that they would in fact need long-term care when they grow older. It is something that has to be planned with care. He backed his allegations by saying that people who are older than 65 years don’t have good odds when it comes to health. According to studies, seventy percent of people who are older than 65 years end up needing long term care. Long term care usually costs about 200 to 250 dollars per day, so in a matter of months, the life savings will vanish.

The reason that a lot of people don’t consider purchasing long term insurance is that they have many misconceptions about Medicare. Some people think and believe that long term care is covered by Medicare, but the truth it, it isn’t covered. On the other hand, Medicaid covers for long term care, but it is a service for the poor. Plus, a lot of states are cutting back on it, so you are not guaranteed to get a good quality care service.


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