New Consumer Publication Explains PPACA/Obamacare.

[AllenChicago]

The National Center For Policy Analysis (NCPA) has put together a superb Consumer Booklet that explains Health Reform in a balanced and detailed way. Actually, it contains little-known information that makes you want to impeach this President if you are a parent, retiree, agent, business owner, or anyone above poverty level!

Here is the link: http://www.ncpa.org/pdfs/What-Does-Health-Reform-Mean-for-You-A-Consumers-Guide.pdf

-Allen

 

[669comche]

I am all for a revolution.......

 

[scagnt83]

Very informative piece.

What is really scary is this little tidbit:

"Taxes on Cadillac Plans: A 40% excise tax will be levied on so-called "Cadillac" health plans for the amount in excess of $27,500 for families and $10,200 for single coverage. About one-third of health plans will be subject to the tax beginning in 2019. But since these thresholds are not indexed to increase as fast as medical costs, over time virtually all plans will be subject to the tax"

So basically its saying that over time the Cadillac Plan tax of 40% on plans with a premium of $8K/$21K or greater will apply to most everyone; since inflation will cause everyones rates to rise, and since the $8K/$21K figures are fixed and not tied to inflation, then its really just a backdoor tax of 40%!!!!


Also, I found this little gem about Cadillac Plans here : (it uses info from the Employee Benefits Research Institute, and Economic Policy Institute)

"Keep in mind that these figures include everything you and your employer spend on health care except for the deductible: premiums for medical (the portions paid by you and by your employer), dental, and vision coverage, as well as any money you put into a flexible spending account"


So the $8K/21K figures are not for your health insurance costs, its for all health care related insurance!!


Just wait until 2019 when 1/3 of all plans are subject to a new 40% tax!!! There will be riots in the streets over this sh$t!

 

[Full Throttle]

And of course, no special interests here. As a matter of principal, I will not be joining AARP when eligible in 30 years:

What about AARP? The organization that claims to represent seniors has been fully supportive of the new law. But the interest of AARP and the interest of seniors are not the same. For example, AARP markets its own Medigap insurance, collecting more in premiums and other revenue from other commercial ventures than it collects in member dues. With fewer seniors in MA plans, the market for Medigap insurance will greatly expand. Moreover, AARP is getting special treatment under health reform. Specifically, AARP's Medigap insurance is:

• Exempt from the prohibition on pre-existing condition exclusions.
• Exempt from a $500,000 cap on executive compensation for insurance industry executives.
• Exempt from the tax on insurance companies.
• Exempt from a requirement imposed on MA plans to spend at least 85% of their premium dollars on medical claims.

By the way Allen, good link, very informative. I read through most of it, really puts the reform in perspective. It confirms my decision to quit focusing on health insurance business and motivates me to replace my renewal income with other sources ASAP. Even if agents survive the next 5 to 10 years, the system is so screwed up from here on out, I see universal health care on the near horizon. Those that are able will purchase private coverage like it works in Japan currently.

If nothing else, there will be entertainment value in watching this thing implode (as long as you and your family members don't get sick or hurt). Now back to work, I have renewals to replace!

 

[somarco]

I will not be joining AARP when eligible in 30 years:

You can join at 50, so that makes you 20?

 

[arnguy]

You can join at 50, so that makes you 20?

Bullsh*t!

 

[Full Throttle]

You can join at 50, so that makes you 20?

I wasn't sure what the cut-off was, make that 23 years.

 

[arnguy]

I wasn't sure what the cut-off was, make that 23 years.

Sure. More Bullsh*t.

 

[Full Throttle]

Sure. More Bullsh*t.

You're right, 22 1/2 years!

 

[arnguy]

You're right, 22 1/2 years!

Here's looking at you, kid!