Obama health care good for everyone
The best article I have ever read concerning the new health care law (Obamacare) appeared in the Sunday, Feb. 3, Fort Worth Star-Telegram’s business section. The reason it was the best is that it only presented facts as to how the law will affect health insurance availability, cost and coverage as of Jan. 1, 2014.
Probably the most important fact is that in January every family with an annual income of up to $92,000 and individuals making $44,200 or less will get federal help paying for their health insurance. This means millions of Texas families and individuals who can’t currently afford health insurance will be able to buy private insurance with better coverage than is offered now.
In January every citizen and legal resident will pay the same cost with few exceptions. One exception is that rates will still be age based, but with limits. An older person cannot be charged more than three times the rate for a young person, which is a vast improvement over present rate structures. The only persons who can be rated up are tobacco users. They can be charged a higher rate than non-users of the same age.
The only group of people that can be left out are the present working poor who cannot afford insurance at any cost. The new laws actually provide coverage, but at the option of each state. States that chose to include there working poor in Medicaid can insure them for 10 cents on the dollar.
In other words, Texas and every other state can insure the people who are presently totally dependent on the state for just 10 percent of the cost after January 2014. Eleven state governors, including Texas’, have stated they will not elect this expansion. They say it is because their state cannot afford the 10 cents.