Why Health Insurance Premiums Won’t Drop Under Obama Health Proposals

bill would expand health spending by 4 billion above current projections.

The premium hikes will result from cost shifting, better known as passing the buck. The House and Senate insurance bills aim to cover their costs in part by cutting annual Medicare reimbursements to hospitals, doctors and drug companies by billion. Those providers will likely try to offset the cuts by negotiating higher rates with private HMOs–which then get passed along through higher premiums. That’s exactly what occurred after past Medicare and Medicaid cuts, according to the CBO analysis. Families USA, a nonprofit group advocating expanded federal involvement in health care, says insured families are already absorbing ,000 a year in costs shifted away from uninsured patients.

Learn the basics about health insurance in a flash. Hear from a one of the nation’s top insurance advisors who will explain why health insurance is so important, help demystify the health insurance process and quickly provide you with a good understanding of important insurance terms and concepts. www.lifehappens.org
Video Rating: 5 / 5