Showing posts with label Obamacare. Show all posts
Showing posts with label Obamacare. Show all posts

Saturday, September 28, 2013

Doctors pressured to push Obamacare

"With open enrollment set to begin next week, enrollment groups and medical societies are hoping America's doctors can inform patients about their options for expanded coverage under the 2010 health law." Medpage.

So far, I haven't met a doctor who liked Obamacare or thought it was a good idea, so why ask them to push it? Some plan to by-pass insurance plans all together.

So I asked self, "I wonder what an 'enrollment group' is?" I looked it up, and here is one called "Enroll America."

"Enroll America is a nonpartisan 501(c)(3) organization whose mission is to maximize the number of uninsured Americans who enroll in health coverage made available by the Affordable Care Act. Enroll America is a collaborative organization, working with partners that span the gamut of health coverage stakeholders—health insurers, hospitals, doctors, pharmaceutical companies, employers, consumer groups, faith-based organizations, civic organizations, and philanthropies—to engage many different voices in support of an easy, accessible, and widely available enrollment process."

You should see the fancy website. My goodness--one of the best. Clicked all over the page, but not a peep on how it is funded (except the donate button, and I seriously doubt this staff, offices, website, training sessions, etc. are covered by donations). I bet this group didn't wait 3 years for their non-profit tax status.

Sunday, December 12, 2010

Health law cut some retirement costs, but retirees will still need big savings

Even though the new health reform law will reduce some health costs in retirement for many people, retirees will still need a significant amount of savings to cover their out-of-pocket health expenses when they retire, according to a report released by the nonpartisan Employee Benefit Research Institute (EBRI). Women in particular will need more savings than men because they tend to live longer.

For instance, EBRI finds that men retiring in this year (2010) at age 65 will need anywhere from $65,000–$109,000 in savings to cover health insurance premiums and out-of-pocket expenses in retirement if they want a 50–50 chance of being able to have enough money; to improve the odds to 90 percent, they’ll need between $124,000–$211,000.

Women retiring this year at 65 will need even more: between $88,000–$146,000 in savings if they are comfortable with a 50 percent chance of having enough money, and $143,000–$242,000 if they want a 90 percent chance.

These estimates are for Medicare beneficiaries age 65 and older: Anyone retiring early, before age 65, would need even more.

The new EBRI analysis details how much savings an individual or couple will need to cover Medicare and out-of-pocket health care expenses in retirement, updating earlier EBRI simulation results from 2008. Some prior estimates have been significantly revised downward as a result of changes to Medicare Part D (prescription drug) cost sharing that will be phased in by 2020 due to the recently enacted health reform law, the Patient Protection and Affordable Care Act (PPACA).

SOURCE: “Funding Savings Needed for Health Expenses for Persons Eligible for Medicare,” www.ebri.org.