Showing posts with label Health Care stocks RISE after Dems drop Public Option. Show all posts
Showing posts with label Health Care stocks RISE after Dems drop Public Option. Show all posts

Friday, December 11, 2009

Thousands, sick in line at make-shift free clinic...
like a third-world country !

B4B NOTE: This so-called 'reform' is getting worse everyday !
Article from New York Times

High Premiums in
Senate Democrats' Health Plan !

WASHINGTON — Senate Democrats have provided few details about their latest health care proposal, but this much seems clear: Anyone who wants to buy the same health benefits as members of Congress, or to buy coverage through Medicare, should be prepared to fork over a large chunk of cash.

According to the Congressional Budget Office, a family of four earning $54,000 in 2016, when the health legislation is fully in effect, would be eligible for a subsidy of $10,100 to help defray the cost of insurance under the health legislation being debated by the Senate. By then, one of the most popular federal plans, a nationwide Blue Cross and Blue Shield policy, is projected to cost more than $20,000.

That could leave the family earning $54,000, slightly more than the current median household income, with monthly premium costs of more than $825.

The Democrats’ proposal would also allow some people ages 55 to 64 to “buy in” to Medicare, starting in 2011. That could cost about $7,600 a year per person or $15,200 for a couple, according to a budget office analysis of an earlier version of the concept. No subsidies would be available until 2014.

Senate Democrats have been careful to say that their proposal is not intended to offer exactly the same benefits that members of Congress have. In many cases, federal subsidies would cover a smaller share of the premium than what the government contributes to the cost of health insurance for federal employees.

The Medicare buy-in proposal is intended to fill a gap in the social safety net for millions of people nearing retirement who are unable to obtain or afford insurance. In general, the new Medicare option would be available only to people who are uninsured. People 55 to 64 who have employer-sponsored insurance would be expected to keep it.

Preliminary back-of-the-envelope calculations reflect the steep challenges that Senate Democrats face as they await a new cost analysis of their plan. The numbers also reflect potential pitfalls in the politically appealing message to constituents that they might get benefits similar to those of federal lawmakers.

Affordability for individuals and families, however, is hardly the only challenge facing Senate Democrats as they struggle to put together a proposal that can win the 60 votes needed for passage of the broader health care bill.
(Read rest of article)

Related Article: Health care stocks RISE after Dems drop Public Option

The Time is NOW to
Call...Shout...DEMAND !!!