Health Providers, Consumers Still Wondering about Real-Life Effects of Health Care Reform

.

According to estimates based on the most recent U. S. census data, 4% of the population of Hamilton County, where median household income is $46,505, qualifies for government assistance in paying for health insurance premiums under the new health reform.

However, the figure is closer to 55% of the population who could obtain subsidies or credits to buy insurance in Walker County, Ga., where median household income is $39,123.

Local health providers and consumers are still trying to get a clue of real-life effects of health care reform. The expansion of government programs such as Medicaid can provide some hint of what the insurance landscape will appear to be in the year 2014. It will be indicated that who will decide to buy coverage with the help of subsidies and who will have to pay a penalty by forgoing coverage.

According to the new health care reform law, Barack Obama allows individuals and small businesses to team together to buy insurance at better rates via state-run insurance exchanges. These exchanges will face federal guidelines on coverage levels and premium rates.

Dr. Vince Viscomi, a local pulmonologist and past President of the Chattanooga and Hamilton County Medical Society said, “If you work at McDonald's and make $8 an hour, you'll be OK because you'll have almost a full subsidy to buy insurance. But if you (are paid) more, you are penalized for it by having a smaller subsidy. And that hurts”.


Latest News

Trib Total Media Plans to Sell Nine Newspapers including Four Daily and Five Wee
Twitter Plans to Employ More Women Next Year to Diversify Its Workforce
OPEC Oil Producers Prepared to Endure Lower Oil Prices But will Continue their P
Stanley Fischer Federal Reserve Vice Chairman Says No Decision Has Been Taken fo
Biggest Daily Climb Noted in the Oil Markets in Past Six Years
According to Sources Marchionne to Take over as Both CEO and Chairman of Ferrari
Consumer Spending and Inflation Drops in Japan Adding Pressure on Policymakers
Patterson Companies, Inc reports $29.7 million First Quarter Profit
Gap Announced by Beginning of Next year It will Phase Out On-Call Scheduling
Next Month Amazon Plans to Launch Its Video Streaming Service Tailored for Custo
Burger King Proposes to Create McWhopper with McDonald
Schlumberger Acquiring Cameron in a Cash and Stock Deal