Archive for the ‘Health Insurance Exchange’ category

Half of Polled Californians Don’t Know they’re Covered

August 26th, 2013

Health care in California is a big point of discussion in current politics what with the complete overhaul that’s currently underway. This overhaul includes the Affordable Care Act, an act put in place to help ensure that more underprivileged individuals and families are granted access to affordable health care in their state. For some, this will have no effect; for others, it will be a big game-changer. Many small-business employers will now be able to offer healthcare more affordably to their employees, and there is now a standard for what certain health care companies can offer.

The current issue, however, lies in the fact that more than half of the population doesn’t know that they can now afford coverage.

The Poll

A recent poll, called the Field Poll, surveyed uninsured, low-income voters who would technically be qualified candidates for health coverage. The poll found that more than 50% of these people either a) did not know that they qualified for health insurance, or b) believed that they did not qualify for health insurance. When participants who were qualified, but not under an employer, were surveyed, the percentage who did not know about their qualification was even larger.

Clearly, the state of California has an issue of awareness on its hands.

What can be Done / What is Being Done

It’s now up to the state agency who is behind the Obamacare overhaul to inform and educate the public about the fact that they may be newly qualified or able to get more affordable care. As of right now, advertising seems like one of the only options. Statewide, we may be looking at an investment of over $300 million that will go toward the endeavor of spreading the word about new health care. This will be in various forms – from door-to-door visits to online advertisements, all geared toward the uninsured and convincing them to take what’s theirs.

The issue, however, isn’t simply about awareness – it’s about understanding. Some 25% of the population knows nothing about the new Affordable Care Act. Another 60% consider themselves to be “somewhat knowledgeable.”

Since lack of healthcare is a huge issue in the United States, it’s important for California residents to be aware that they might qualify for policies with Health Net California or one of the many other reputable insurance agencies. Many citizens tend to tune out when they hear mention of “health care reform,” but since this plan is put in action to literally revolutionize the way that lower-income residents buy and use their health insurance – while making the stipulations more transparent and the competition and pricing more fierce – it’s an act that pertains to everyone. Do your research!

Health Care Reform Needs The Right Leaders

January 21st, 2013

As the exchange era approaches and the reform bills take affect, many are still wondering what the overall result will be.  As of late, many have seen there health insurance premiums double with no explanation.  Also, many are still without health insurance because it is still way too expensive.  It is estimated that there are still over 40 million Americans without health insurance today.  That number is obviously why President Obama is trying to overhaul the system with his laws that were passed over two years ago.  In California, there are currently over 8 million uninsured, one of the highest figures in the country.  So, how will the exchanges get these millions of Americans insurance?  How long will it take for everyone to get health insurance?  5 Years?  20 years?  Another question, will people simply pay the fees associated with not having insurance because that it is still much cheaper than actual health insurance premiums.

Many people who make $10 dollars an hour, trying to make a living, do not have and can’t afford to get health insurance.  America needs quality leaders to oversee the health care system and the implementation of it coming next year.  Most are predicting that the healthy will pay for the poor, just like the rich pay for the poor when it comes to government programs, etc.  Next year everything takes affect, we will find out soon.

Higher Health Insurance Premiums On The Way

January 7th, 2013

Obamacare has been at the forefront the last three years and has been one of the most important issues the Obama administration has handled in their term.  As Obama’s four year term is coming to an end and the new term is starting, many consumers are wondering why insurance premiums are continuing to rise.  Also, many are now questioning how it will all of sudden start to decrease starting in 2014.  Aetna, one of the largest insurers in the United States, says health insurance premiums may go up as much as 20 to 50 percent in 2014.  Blue Shield mentioned that some markets may even double by the time the health care reform really starts in 2014.  So why is this really happening?  Many critics of the health care reform saw this coming from a mile away.  This is because, starting in 2014, no one can be denied health insurance coverage.  Anyone can apply through the health insurance exchanges, or direct, and get approved for health insurance even if they have a pre-existing condition.

From a care standpoint, this is obviously a great thing because everyone should have access to care.  However, from a pocket book standpoint, everyone will pay the price.  The main reason for this is because the healthy will have to pay for the sick.  There are 8 million uninsured in California alone that might be entering the market starting in 2014 when its required to have health insurance.  The sick pool will need the most money to pay for their claims, and that will only come from the healthy.

The health care laws also state that the premiums can not vary too much based on age and that it will be a community rating.  This will probably benefit the older more than it will the younger.  Since the older population have higher health costs, the younger segment will pay for this difference.  So what do we do at this point?  Well, there actually is no easy answer to that.  We have to all hope that the reform rules and regulations will not effect the market as much as all these top insurance carriers do.

Presidential Debate Tackles Health Care

October 4th, 2012

President Obama and former Governor Romney had a very heated debate last night in Denver.  Many topics were covered, including economy, tax codes, and government regulation.  However, perhaps the most heated and important topic discussed was about the health care reform and the future of health care.  President Obama of course backed up his plan that he put in place over two years ago.  He sited many benefits of the reform, such as no pre-existing condition clause and no lifetime maximum.  Mitt Romney actually passed a similar plan on the state level.  When he was governor, he passed a reform similar to what Obama passed on the federal level.  The main topic that was debated though was about state versus federal regulation when it comes to health care.

Mitt Romney wants states to take control and have the freedom to implement strategies and reform as they see fit for their state.  President Obama thinks that the federal government should have the ultimate control.  The both went back and forth, talking about control and power.  Also, health care costs was also at the forefront.  Romney maintains the position that the reform passed by Obama will make health insurance premiums rise and make it even more unaffordable for Americans to purchase health insurance.  President Obama wants the health insurance exchanges to be a foundation for competition, which he thinks will ultimately drive down the price of health insurance.  There are two more debates left before the election.  Many issues, including health care reform, wait in the balance.

California Health Insurance Exchange

July 31st, 2012

In California, over 7 million people do not currently have health insurance.  And over 40 million people do not have health insurance in America.  You can see how large California is though as far as percentage of the total uninsured.  The decision last month to not overturn the health care reform, and more significantly the individual mandate, will have large affects for years to come.  So what does this really mean?  Starting in 2014, everyone in America will be forced to have health insurance and they will face a fine.  There are certain waivers, such as being on a governmental program or getting an income waiver.  But for the most part, many will be seeking health insurance in the coming months.

In California, many might seek health insurance through the exchange which has to be up and running by 2014.  There are some critics though that say the management of the exchange will be challenging.  For one, many have questions when buying health insurance and there might not be enough coverage to answer all the questions.  Buying health insurance is more complex than say, getting a plane ticket.  Also, when small businesses want to purchase health insurance through the exchange, who will be there to guide them.  Many of these questions will be answered soon in the coming months.