One of the critical components of the Obama health care bill is cost.
The bill has not reached a final version even today, which is one day before the vote. A true cost analysis has yet to be done.
- We have no idea for example, how much the health care plan will cost for a family of 4 making $40,000.00 per year.
You have no idea how much you will pay in additional taxes to fund it.
- You do not know if your current employer will abandon the health care plan you enjoy now. If your current employer wishes to drop coverage - you will be forced into the government program.
"If you like your current insurance plan - you can keep your current insurance plan". That is one of the biggest lies being told to the American public. Your elected officials should be adding - "IF YOUR EMPLOYER KEEPS IT."
- Those folks who are employed and enjoy group health insurance from their employer are also in peril.
An employer will have to pay annually a $2,000 fine per employee, for failure to supply health insurance. On average employers contribute anywhere from $200 per month to $ 600.00 per employee for health care. You do the math.
$2,000.00 per year verses $7,200.00 per year, is a huge savings and boost to the employers bottom line. If you were an employer what would you do?
- "If you like your current insurance plan - you can keep your current insurance plan". Your lawmakers should be adding- " Unless you have Medicare Advantage".
We do know that the popular Medicare Advantage program will be severely impacted. Seniors who have joined the Advantage program pay about $65 a month in addition to their Medicare B coverage.
- Most Advantage programs offer unlimited access to medical providers, hospitals, prescription drug coverage, and wellness programs. In some instances in network massage therapy, gym memberships and eye glass coverage is included.
- There are no problems finding doctors who accept this Medicare program. Advantage runs like an HMO or PPO with lists of participating doctors who will provide services.
The health care bill will eliminate the Advantage program, at least in some states. The sweetheart deals (who can keep track of them) allow certain states to keep their Advantage programs.
- A Senior who is forced to leave an Advantage program will pay on average $270.00 per month for a supplemental Medicare insurance policy.
- One of the largest providers of Medicare supplemental insurance is AARP. These policies cover the co-pay, and the portion of the bill Medicare does not pay.
Additionally the Senior will have to purchase a stand alone Part D Prescription coverage. Those policies run about $80.00 a month. More comprehensive coverage can be up to $125.00 per month.
A drawback of the Medicare D coverage is the infamous "DONUT HOLE". The "HOLE" is created because Medicare D coverage only pays benefits for part of the year. You run out of benefits before you run out of calendar months. There are a number of months where you are forced to pay retail for your prescriptions.
- Medicare part D pays for an average of 8 months of your prescriptions, but you still make your Part D payment for all 12 months.
Additional costs to Seniors:
Supplemental Medicare Policy $205.00 Mo (Less Advantage)
Medicare D RX Coverage 80.00 Mo
4 months out of pocket RX ?
Eye glasses ?
It is difficult to come up with a hard number, but at a minimum a Senior will be forced to pay close to $300.00 more per month to match "some" of the benefits they receive under the Advantage program.
- Seniors currently receiving Social Security benefits are getting approximately $800 - 1500 per month in spendable benefits.
It is impossible to calculate how much of an impact the prescription donut hole will place on individuals. Depending on the medication it could be a hundred to a thousand dollars a month. Add that to the additional $300 per month they will pay. Now add the lose of vision care and wellness programs.
- The health care plan calls for 580 billion in savings coming directly from Medicare. That savings is not limited to eliminating Advantage programs.
The government intends to squeeze billions of additional dollars out of the Medicare program to pay for their Frankenstein health care plan.
- To provide health care "rights" to every American - the government will renege on the contract previously made to retirees.
Seniors paid into a system all their working life. The government promised it would provide a certain level of coverage during their retirement.
CAN YOU TRUST YOUR GOVERNMENT TO TELL YOU THE TRUTH?
(Just a small aside - in another blog I wrote about the IRS enforcement. One commentor stated I was a GOP scare monger. I am a registered Democrat in Pa. I invite you to debate facts with me - not party talking points.)