Tuesday, March 23, 2010

Ushering in Subsidised Health Care in USA

The title itself would have been a contradictory one in the real sense and definition of capitalism. USA now is poised for a change in health care and health insurances. This would bring in an overbearing government control over what is essentially a private enterprise of health care. Nevertheless it has come to stay and would bring succour to millions of Americans. It would in a way, touch each and every American.

Some of the beneficiaries/benefits are:
  1. Uninsured persons - who will hereafter benefit from the health care safety net
  2. Dependent children upto 18 or 19 are covered under the health care of the parents so far. Now the age limit goes upto 26 years
  3. Persons who did not have health insurance benefits for reasons of pre existing diseases condition would become eligible for subsidised coverage through a new high risk insurance program
  4. No life time limits under policies for medical coverage for persons
  5. No cancellation of policies of people who fall ill.
  6. Self employed who hitherto did not have leveraged premiums for health care and paying more for individual insurances would have a more beneficial regime

Another new happening as a consequence would be the insurance exchanges from where one could buy insurance with subsidies. These exchanges would be run by the state.

President Barack Obama is expected to sign this bill on Tuesday next enacting it into Law.

1 Comments:

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