Posts tagged "Health Care Reform"

A Billion Dollars Saved by Health Care Reforms

Money Bag

The Federal Patient Protection and Affordable Care Act, which was signed into law by President Obama on March 23, 2010, contains provisions which require health insurance companies to dedicate a minimum of 80% of their funds to paying claims involving medical care. This section of the law is known as the medical loss ratio. Funds which have not been allocated to paying medical care claims, or quality improvements, must be returned to consumers as a refund or a discount applied to premiums paid the following year. As a result of the Patient Protection and Affordable Care Act, consumers are expected to receive a total of $1.3 billion in refunds this year alone.

The consumers that receive the refunds under Patient Protection and Affordable Care Act regulations include both businesses and individual consumers. However, employers which receive refunds are under no obligation to pass these funds onto their employees. Below you will find a breakdown of which groups stand to gain the greatest refunds from their health insurance companies. Read more…

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Posted by Admin - May 1, 2012 at 1:20 am

Categories: Health Care   Tags: ,

Is the Individual Mandate Constitutional?

Court Gavel

Later this month, the United States Supreme Court is scheduled to hear arguments that allege the Patient Protection and Affordable Care Act is unconstitutional. As the days draw closer to these hearings, just about every proponent and opponent to this law are crawling out from the woodworks. From scholars to attorneys, everyone is weighing in with their opinion in what most likely will be one of the largest single decisions that the Supreme Court will weigh in on in our lifetime.

Opponents of the Affordable Care Act are focusing much of their attention on the individual mandate. They are of the opinion that the government can’t compel you to purchase any product or service. Additionally, these opponents to health care reform also claim that allowing this law to go into effect would set a dangerous precedent for future laws to infringe on the rights of Americans. There are many comparisons being tossed about in the media that compare forced participation in a national health insurance program to the government forcing people to eat broccoli, peanuts and even macadamia nuts. Surely, some people involved in this debate are not forced to eat nuts but rather listen to the nuts babble. Read more…

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Posted by Admin - March 13, 2012 at 11:52 pm

Categories: Health Care   Tags: , ,

Biased Polling Slams Health Care Reform

Health Care - Are You Covered?

As with any politically charged issue, various sides are bound to take different positions.  As we all know, the same enthusiasm and special interest money is flowing into those groups which do and do not support health care reform.  Reaching into their propaganda tool chest, they frequently grab ahold of biased polling to release statistics which are designed to sway public opinion.  Recently, Fox News grabbed ahold of a poll conducted by the U.S. Chamber of Commerce which allegedly concluded that the overwhelming majority of businesses feel that the Patient Protection and Affordable Care Act is hurting job creation.

First, it is important to note that polling often includes certain “qualifiers” which are used to determine an individual’s answer to a specific question before it is even asked.  Besides simply polling “friendly” groups of individuals, which are likely to respond according to ones pre-determined wishes, such qualifiers can easily be used to distort polls. Read more…

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Posted by Admin - January 22, 2012 at 5:09 pm

Categories: Health Care   Tags: , ,

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