American's to See Health Care 'Sticker Shock'

Posted Dec 10, 2009 by Michael Bearak
A health care overhaul is now looking more likely to really happen for Americans. A compromise in the Senate to provided for uninsured Americans, but no free ride either.
The U.S. Senate has been forced to find middle ground and compromises on a number of key topics in order to provide uninsured Americans options they haven't had available to them before. The hang-up according to a Fox News story is tat there will be a price tag and the middle class is being told to break out their checkbooks as they won't see much help with premiums.
The plan that President Obama hailed on Wednesday is said to look similar to Medicare in that there will be a large lineup of health plan choices all with different costs and all with different benefits. Paul Ginsburg, a policy expert, who also heads a nonpartisan Center for Studying Health System Change noted, "People who need to buy coverage as individuals and small employers are going to have a lot more in the way of attractive health insurance options, and they won't have to worry about whether their medical condition precludes them from being covered."
The problem with that great of a plan is that it comes with a price tag. It is being reported that it is going to be a steep price tag too.
The Fox News article points out that people in their 20's-30's, who today are getting great deals will face higher premiums for better coverage. On the contrary people who are in their 50's and 60's are likely to pay less then they would now, but in the 50s and 60's the article points out is when health problems start to creep in.
Democrats are pushing to pass the bill by Christmas, and now they are in their 10th day of debate. The 2,074-page Senate bill will grow even longer as amendments are considered.
Fox News points out that, "eventually all Americans will be required to carry coverage or face a tax penalty, except in cases of financial hardship."
It is estimated that 24 million people would remain uninsured in 2019, the only reason being is that they couldn't afford the premiums. Meanwhile lawmakers are planning on spending $1 trillion over 10 years, mostly going to lower-income people, to provide coverage. The article continued to explain that a middle-class family of four making $66,000 would still have to pay about 10% of its income in premiums.
The biggest change looks like lawmakers may open up the federal employees system and allow people to the option of buying into that program just like the federal lawmakers. The thought here to is that bringing the federal system to states with one or two big insurers that now control the market would force it to open up some.