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

Though Wages in Japan Increase But It’s not Enough to Beat Inflation
Jack Ma Prepares for Second Alibaba IPO
RBA Feels Currency Overrated: Keeps Record Low Benchmark Rate
U.S. Business Lobby Express Concerns Saying Antitrust Probes in China Unfair
First dengue fever outbreak in 70 years in Japan
Rise in skin cancer due to cheap holidays
Cardio and wine is a great combination
Surrogacy is a form of exploitation: Ekman
Cuba Trims Down on Amount of Goods Which can be Carried by Travellers
Barclays Will Sell Its Spanish Businesses To CaixaBank In a Deal of 800 Million
Withdrawal in China’s Purchasing Managers' Index Amplifies Calls for Policy Easi
The Ukraine Mayhem Leads Euro to a Fresh One Year Low