Obama plan mandating health insurance

28-Aug-2016 20:17 by 3 Comments

Obama plan mandating health insurance - dating speed virginia west

Under basic insurance principles, the only sustainable way to have a ban on exclusions for pre-existing conditions -- and to take care of anybody with a serious illness -- is to mandate universal coverage.It's human nature to want to have our cake and eat it, too, but there's a price to pay for good intentions.

Despite the massive cost of a universal health insurance plan, estimated at up to trillion over 10 years, support for the plan is growing in Congress.

In 2009, President Barak Obama unveiled his proposal for a plan intended to reduce the soaring costs of healthcare by providing all Americans with health insurance.

The plan, titled Healthcare America at the time, would eventually be passed by Congress as the Patient Protection and Affordable Care Act of 2010.

On the other hand, if you do have an accident, then the benefits you receive will likely be worth more than the premiums you paid. People who don't need medical services will pay more in premiums than the benefits they receive.

People who do need medical services may receive more in benefits than the premiums they paid.

In summary, supporters of the Health Care for America plan say it would provide the U. with universal health care coverage by: For persons already covered by employer-provided health insurance, Health Care for America would virtually eliminate the suddenly very real threat of losing coverage because of layoffs.

According to its supporters, Health Care for America will provide comprehensive coverage.

Along with all current Medicare benefits, the plan will cover mental health and maternal and child health.

Unlike Medicare, Health Care for America will place limits on total annual out-of-pocket costs paid by enrollees.

Obama, and Democratic congressional leaders argue that by reducing health care costs, a universal health insurance plan would actually help reduce the national deficit.

Opponents argue that the savings, though real, would have only a minor impact on the deficit.

While the politics and pros and cons of nationalized health care have been debated for years, the national health insurance element of President Obama’s overall health care reform agenda appears to have a good chance of happening.

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