Health Care Bill

[Twisp]

This is pretty good. It seems as if the HCR is doing some good already.

More Small Businesses Offering Health Care To Employees Thanks To Obamacare
Jan. 6 2011 - 2:18 pm
By RICK UNGAR

The first statistics are coming in and, to the surprise of a great many, Obamacare might just be working to bring health care to working Americans precisely as promised.

The major health insurance companies around the country are reporting a significant increase in small businesses offering health care benefits to their employees.

Why?

Because the tax cut created in the new health care reform law providing small businesses with an incentive to give health benefits to employees is working.

We certainly did not expect to see this in this economy,” said Gary Claxton, who oversees an annual survey of employer health plans for the nonprofit Kaiser Family Foundation. “It’s surprising.”

Via Los Angeles Times

How significant is the impact? While we won’t have full national numbers until small businesses file their 2010 tax returns this April, the anecdotal evidence is as meaningful as it is unexpected.

United Health Group, Inc., the nation’s largest health insurer, added 75,000 new customers working in businesses with fewer than 50 employees.

Coventry Health Care, Inc., a large provider of health insurance to small businesses, added 115,000 new workers in 2010 representing an 8% jump.

Blue Cross Blue Shield of Kansas City, the largest health insurer in the Kansas City, Mo. area, reports an astounding 58% increase in the number of small businesses purchasing coverage in their area since April, 2010-one month after the health care reform legislation became law.

“One of the biggest problems in the small-group market is affordability,” said Ron Rowe, who oversees small-group sales for the Kansas City operation for Blue Cross Blue Shied. “We looked at the tax credit and said, ‘this is perfect.”

Rowe went on to say that 38% of the businesses it is signing up had not offered health benefits before.

Whatever your particular ideology, there is simply no denying that these statistics are incredibly heartening. However, for those of you who cannot get past your opposition, even for a moment of universal good news, let’s break it down.

The primary, most enduring complaint of the opponents of the ACA has been that the law is deathly bad for small business.

Apparently, small businesses, and their employees, do not agree.

The next argument has been that the PPACA is a job killer.

If these small businesses found the new law to be so onerous, why have so many of them voluntarily taken advantage of the benefits provided in the law to give their employees these benefits? They were not mandated to do so. And to the extent that the coming mandate obligations might figure into their thinking, would you not imagine they would wait until 2014 to make a move as the rules do not go into effect until that time?

Of course, there is the nagging banter as to how Obamacare is leading us down the road to socialism.

Let it go, folks.

Private market insurance companies are experiencing significant growth because of a tax break provided by the PPACA. I may have missed the day this was discussed in economics class, but I’m pretty sure this is not a socialistic result of federal legislation.

When data like this appears, we have the opportunity to really find out who is talking smack for political benefit and who actually cares about getting affordable and available health care to America’s workers. Certainly, there will be elements of the new law that will not work out exactly as planned. That’s simply reality when it comes to any new piece of landmark legislation. But if you cannot celebrate what appears to be an important early success, you really should give some thought as to where your true interests and intents lie.

If you’re all about beating up on President Obama, you can conveniently forget this bit of data as if it never really happened. However, if your interest is to make health care available to more Americans, this should be a happy day for you – no matter what your ideological beliefs.


http://blogs.forbes.com/rickungar/20...-to-obamacare/

[aegsm76]

The writer is a really unbiased guy, these are from his profile:

I Truly Respect
Barack Obama, the powers of nature

This Is Annoying Me...
Lou Dobbs and his annoying smirk and the word "socialism" which I lately hear more than I can stand.

This Makes My Teeth Itch
Sarah Palin

I think we have a true picture here of Mr. Ungar.
I'm just surprised that he was actually truthful on his profile!

[Twisp]

Originally Posted by aegsm76

The writer is a really unbiased guy, these are from his profile:

I Truly Respect
Barack Obama, the powers of nature

This Is Annoying Me...
Lou Dobbs and his annoying smirk and the word "socialism" which I lately hear more than I can stand.

This Makes My Teeth Itch
Sarah Palin

I think we have a true picture here of Mr. Ungar.
I'm just surprised that he was actually truthful on his profile!

Here is another link for you then:

Reporting from Gladstone, Mo. —
Major insurers around the country are reporting that a growing number of small businesses are signing up to give their workers health benefits, a sign of potential progress for the nation's battered healthcare system.

The increase, although not universal, has brought new security to thousands of workers, many of whom did not have insurance or were at risk of losing it.

An important selling point has been a tax credit that the nation's new healthcare law provides to companies with fewer than 25 employees and moderate-to-low pay scales to help offset the cost of providing benefits. The tax credit is one of the first few provisions to kick in; much of the law rolls out over the next few years.

"We certainly did not expect to see this in this economy," said Gary Claxton, who oversees an annual survey of employer health plans for the nonprofit Kaiser Family Foundation. "It's surprising."

For insurers, the market presents a big opportunity. Nationally, three-quarters of businesses with 10 to 24 workers offer benefits. About half of those with three to nine employees provide health plans. By comparison, 99% of firms with more than 200 employees offer benefits.

Now some insurers are reporting significant jumps in coverage.

In the six months after the law was signed in March, UnitedHealth Group Inc., the country's largest insurer, added 75,000 new customers who work for companies with fewer than 50 employees. The Minnesota company called the increase notable but declined to reveal further details.

Coventry Health Care Inc., an insurer in Maryland that focuses on small businesses, signed contracts to cover 115,000 new workers in the first nine months of this year, an 8% jump.

In California, Warner Pacific Insurance Services in Westlake Village, a major servicer of insurance brokers, has seen business grow more than 10% this year, a company executive said.

And Blue Cross Blue Shield of Kansas City, the largest insurer in the Kansas City, Mo., area, is reporting a 58% jump in the number of small businesses buying insurance since April, the first full month after the legislation was signed into law.

The independent nonprofit insurer has been particularly aggressive in marketing the new tax credit, which can mean a discount of as much as 35% for very small companies with low payrolls.

"One of the biggest problems in the small-group market is affordability," said Ron Rowe, who oversees small-group sales for the insurer. "We looked at the tax credit and said, 'This is perfect.'"

Rowe said that 38% of the businesses it is signing up had not offered health benefits before.

When the law was signed, the company partnered with H&R Block to create a website for small businesses to calculate how much they can save with the tax credit.

For Bistro Kids, a small business in the Kansas City suburb of Gladstone that serves school meals made with locally grown, organic produce, the deal was too good to pass up.

"We said, 'How could we not do this?'" said Kiersten Firquain, 42, a trained chef who started the company after being appalled by the quality of the food her son was being served at school.

"The whole message of Bistro Kids is doing the right thing," she said as she watched students at Oakhill Day School dig into chili and cornbread made with local beef, cheese and corn. "We wanted to do what was right for our employees, not just for our kids."

Like other small-business owners nationwide, Firquain had been keeping a file of health insurance quotes. But every year, the prices seemed to get more out of reach. "It just wasn't realistic," she said.

Now, Firquain is offering her 10 chefs a standard individual preferred provider organization plan with a $1,000 deductible and $30 co-pays. The employees pay $67 to $212 a month, depending on age and gender.

The company's share, including the tax credit, comes to $434 a month per employee, although that may rise next year as more of Bistro Kids' chefs opt for the health plan. So far, four have signed up for benefits.

It's unclear how many businesses around the country are taking advantage of the new tax credit. National statistics will not be available until next year after 2010 tax returns are analyzed.

Many small businesses don't qualify for the tax credit, which is available to employers that have fewer than 25 full-time positions and pay an average salary of less than $50,000 a year.

And only those with fewer than 10 employees and an average salary of less than $25,000 a year can claim the full 35% credit. Employers with more employees and higher salaries can get a smaller credit.

"I'm not sure the credit is big enough to convince anyone to buy insurance that hasn't already," said Russ Childers, an insurance broker in southern Georgia. Childers said he expected about 10% of the firms he works with to qualify for some tax credit.

For many businesses, even the tax credit may not make insurance affordable at a time when the average premium for an individual health plan is more than $5,000 a year and many insurers are hitting businesses with double-digit rate increases.

That has prompted some critics of the health insurance overhaul, including the National Federation of Independent Business, to dismiss the tax credit.

Some insurers have seen a decrease in small-business sales. But in Kansas City, officials at Blue Cross Blue Shield say the credit is a major selling point.

"I hear some people saying that this tax credit is not a big deal, that most small businesses won't qualify," Rowe said. "Well, I wanted to sell to those that do."

Blue Cross Blue Shield of North Carolina, another independent nonprofit that has aggressively marketed the tax credit, also is expecting a substantial uptick in policies when it tallies its numbers next month, said Drew Narayan, the company's sales director.

Nationwide, the Kaiser survey found that 59% of firms with three to nine employees offered health benefits, up from 46% last year.

"Prices keep going up, but we are seeing insurers trying to be competitive," said Neil Crosby, Warner Pacific's director of sales. "And businesses are buying, so they must see some value."

Breasia Studios, a recording studio in Maryland, is one of those businesses.

After learning about the tax credit from a local activist, studio owner Jamal Lee got a health plan for his four employees for the first time. He said it's already making a difference.

"You get more done when people are happy," said Lee, who opened the studio five years ago. "And it feels good to look at my employees and know that I'm helping to provide something that they really need."

http://www.latimes.com/health/health...,5024491.story

[Cindy]

Did President Obama read the entire health care bill?

[aegsm76]

Sort of interesting how the same points are in both articles.

Makes you wonder who is really writing these articles.

C'mon Twisp actually read them before you post.

[Twisp]

Originally Posted by aegsm76

Sort of interesting how the same points are in both articles.

Makes you wonder who is really writing these articles.

C'mon Twisp actually read them before you post.

Well duh, the Forbes article pulls from the LA Times article.

I noticed you haven't tried to dispute the veracity of the actual story or the facts, just the author. lol

[Twisp]

Originally Posted by Cindy

Did President Obama read the entire health care bill?

Unsure. Since it was one of his pet projects, I am sure he read it.

[Cindy]

Originally Posted by Twisp

Unsure. Since it was one of his pet projects, I am sure he read it.

I hope so, who actually wrote it, do we know? Was it a collaboration?

[Twisp]

Originally Posted by Cindy

I hope so, who actually wrote it, do we know? Was it a collaboration?

Unsure, I am sure you could find it online somewhere. I know it was similar to Mitt Romney's healthcare plan in MA.

[scotty]

Twisp, really ??

Ok, small busines is now offering health care to its employees to benefit from the tax breaks they get for doing so.

Are you people really reading the above sentence ?

"Small business is now OFFERING health care....."

Ummm, hello ?? Anyone can "offer" health care. In other words, small business is making it available for its employee's. The employee still has to BUY it !! And guess what people, it aint cheap !! My family health insurance through my company is $660.00/month !!!!!!!! So small business gets a tax break for saying, "hey, we "offer' health insurance, you gotta buy the expensive ........, but hey, we offer it"

I dont care how many more people are signing on to it, the real question is, how much is it costing them ? Believe me, I day dream daily about the things I could do with $660/month for my family and church.

Now for the Obama Healthcare Bill. My premium is going up to $695/month in March. Thank you Mr President !! Oh yeah, and my Medical flex card no longer covers over the counter medication, which happens to be a huge part of our medical expenses. Yep, thank you Mr President!

If the courts dont overturn this as being unconstitutional, I only pray the new congress wont fund it and lets it die by the road side.