- 4,096
I just got word from Insurance Lobbyist that the house could deliver their bill to B.O. by September.
B.O. was suppose to come out with his budget by 7-14-09 and he has not. They are going to push this bill through so that its approved before B.O. releases his budget and before the Nov election.
It gets worse. The bill is going to federally mandate that Doctors can not charge anymore than 5% over medicare fees. You can kiss the PPO plan design good buy.
So the health exchange is going to be a federal mandated plan. Where all the carriers have to offer the same plan. These plan will be GI but it will not matter what carrier you use because there will be no networks. This is also going to pertain to small groups under 50 lives.
They bill also states if a company does not provide health insurance then they will have 8% payroll tax. I can tell you right now most large companies 1000+ lives that 8% is cheaper than what they are paying now. Small group will also follow suite. To qualify for free health insurance a family of 4 has to make less than $88,000 a year.
We broker/agents will most likely be removed from the equation. We are being considered adminstration cost.
This includes you medicare sup agents.
If this bill goes through as is we are dead and so is the entire health care community. 2013 we will see large exodus of Doctors retiring.
So boys lets see what happens by the end of the month.
B.O. was suppose to come out with his budget by 7-14-09 and he has not. They are going to push this bill through so that its approved before B.O. releases his budget and before the Nov election.
It gets worse. The bill is going to federally mandate that Doctors can not charge anymore than 5% over medicare fees. You can kiss the PPO plan design good buy.
So the health exchange is going to be a federal mandated plan. Where all the carriers have to offer the same plan. These plan will be GI but it will not matter what carrier you use because there will be no networks. This is also going to pertain to small groups under 50 lives.
They bill also states if a company does not provide health insurance then they will have 8% payroll tax. I can tell you right now most large companies 1000+ lives that 8% is cheaper than what they are paying now. Small group will also follow suite. To qualify for free health insurance a family of 4 has to make less than $88,000 a year.
We broker/agents will most likely be removed from the equation. We are being considered adminstration cost.
This includes you medicare sup agents.
If this bill goes through as is we are dead and so is the entire health care community. 2013 we will see large exodus of Doctors retiring.
So boys lets see what happens by the end of the month.