In a recent article by the Associated Press, It stated that President Obama’s health care overhaul plan will likely increase costs and proposed Medicare savings may end up hurting the program. In a recent study conducted by the Health and Human Services Department, “Found that the nation’s $2.5 trillion annual health-care tab won’t shrink under the Democratic blueprint that senators are debating. Instead, it would grow somewhat more rapidly than if Congress does nothing.”
The Democrats’ plan to cut Medicare for $492 billion in savings on 10 years relies on specific policy changes that are unlikely and could lead to cuts in services. The article also stated, “The Medicare savings are expected to cover about half the nearly $1 trillion, 10-year cost of expanding coverage to the uninsured.”
Also a new long term healthcare insurance plan would likely fail because “it would attract people in poor health, leading to higher and higher premiums, and eventually trigger an “insurance death spiral.” To view the full article click here. For more information contact a Kimberley Vassal Insurance Agent today by visiting our website at www.kimberleyvassal.com
In a recent article regarding young people and the health care system it stated, “As the health care debate winds its way through Congress, everyone can agree on at least this much: Bringing more young adults into the health care system would balance out the costs for everyone else because the young use the least amount of care.” Young people are speaking out though on the questions such as, “whether young people should be required to to buy insurance or whether they should be allowed to stay on their parents’ insurance plans into their mid-20s.” 
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