Mental Health Research Topics The last one, and probably the biggest myth about health care reform, is everybody thinking that Obama Care will reduce healthcare costs. That's completely hogwash. Early on in the process, when they were trying to come up with the rules and regulations, the emphasis and one of the goals for reform was to reduce healthcare costs.
But somewhere along the line, the goal actually shifted from cost reduction to regulation of the health insurance industry. Once they made that transition, they pushed cost reductions to the back burner. There are some small cost reduction components in Obama Care, but the real emphasis is on regulating health insurance. The new plans, for example, have much richer benefits than many plans today: richer benefits means richer prices.
Health Care Reform Subsidies: Will They Make Plans Affordable?
A lot of people hope, "The subsidies are going to make health insurance plans more affordable, won't they?" Yes, in some cases the subsidies will help to make the plans affordable for people. But if you make $1 too much, the affordable plans are suddenly going to become very expensive and can cost thousands of dollars more over the course of a year. Will a subsidy make it affordable or not affordable is really subject to debate at this point in time. We're going to have to actually see what the rates look like for these plans.
New Health Care Reform Taxes Passed On To Consumers
Then there's a whole ton of new health care reform taxes that have been added into the system to help pay for Obama Care. That means everybody who has a health insurance plan, whether it's in a large group, a small group, or just as an individual, is going to be taxed in order to pay for the cost of reform. Health care reform adds various taxes on health care that insurance companies will have to collect and pay, but they're just going to pass it right through to us, the consumer.
Mandate Won't Reduce Uninsured Very Much
During the initial years of health care reform, the mandate is actually pretty weak. The mandate says that everyone must get health insurance or pay a penalty (a tax). What that's going to do is make healthy people just sit on the sidelines and wait for the mandate to get to the point where it finally forces them to buy health insurance. People with chronic health conditions that couldn't get health insurance previously, are all going to jump into healthcare at the beginning of 2014.
At the end of that year, the cost for the plans is going to go up in 2015. I can guarantee that that's going to happen, because the young healthy people are not going to be motivated to get into the plans. They won't see the benefit of joining an expensive plan, whereas the chronically ill people are going to get into the plans and drive the costs up.
Health Care Reform's Purpose Is Just A Matter Of Semantics
The last portion of this is, one of the key things - and it's funny, I saw it for the first two years, 2010, and '11 - one of the key things that was listed in the documentation from the Obama administration was: Health Care Reform would help reduce the cost that we would see in the future if we do nothing today. That was emphasized over and over again. That was how they presented health care cost reduction, that it would reduce the future costs. Not today, but it would reduce what we would pay in the future if we did nothing about it now.
Well, that's great, 10 years from now we're going to pay less than we might have paid. And we all know how accurate future projections usually are. In the meantime, we're all paying more today, and we're going to pay even more in 2014 and more in 2015 and 2016. People are going to be pretty upset about that.