HOME GET A QUOTE INSURANCE PRODUCTS REFER A FRIEND ABOUT US RESOURCES TESTIMONIALS CONTACT US  
  Find The Perfect Insurance Plan Get a Free Quote
 
  KNOWLEDGE CENTER
  Frequent Questions
  Insurance Videos
  Glossary
  News & Articles
   
     
  Obama Says Health Care Bill Already Helping Millions  
 

The AP (5/8, Babington) reported that President Obama said in his weekly address that the new healthcare law "already is helping millions of people through tax breaks for small businesses and assistance for families with young adults." While acknowledging "that many provisions will not take effect for years," the President "said others are doing some families good now. Some 4 million small-business owners and organizations have been told of a possible health care tax cut this year, Obama said," and next month, "some older people with high prescription drug costs will receive $250 to help fill a gap in Medicare's pharmaceutical benefits." The President said, "Already, we are seeing how reform is improving the lives of millions of Americans. This is what change looks like."

 

        Bloomberg News (5/8, Johnston) reported that the President said his Administration will this week "announce the new rule that for children remaining on their parents' policies. Though the rule won't take effect until September, Obama said insurance companies are being asked to comply immediately and many have." Obama said, "These changes mean that starting this spring, when young adults graduate from college, many who do not have health-care coverage will be able to stay on their parents' insurance for a few more years." The Hill (5/8, Heflin) reported that the President "also vowed in the address to end the practice of health insurance companies increasing premiums for unexplained reasons or cutting patients loose with little or no warning."

 

        The New York Daily News (5/9, Martinez) reported that the President "said his signature project is already paying dividends." Politico (5/8, Gerstein) said that the "most critical and controversial parts of the recently passed health care reform bill won't take effect for more than three and half years."

On the front page of its Business Day section, the New York Times (5/8, B1, Lieber) reported that "the health care bill that President Obama signed in March requires insurance companies that already provide dependent coverage for children to allow unmarried offspring to stay insured on their parents' plans until they turn 26." But, "this part of the bill doesn't go into effect until Sept. 23, and there's still a lot of uncertainty about exactly who will benefit before or after that date as companies and insurers wait for more clarity from regulators on how to put the new rules into place."

 

        On its front page, the San Francisco Chronicle (5/10, A1, Colliver) reports that while "insurers said they would offer coverage right away or by June 1," some young adults "will be left off their parents' coverage until as late as Jan. 1, health experts say." The availability of coverage may depend "on the parents' employer policies -- the type of plan, the contracts the employer has with insurers, and the employer's renewal or 'open enrollment' dates."

 

Some Parents Concerned Cost May Still Be Obstacle To Coverage Under Healthcare Law. The AP (5/10, Alonso-Zaldivar) reports, "Starting later this year, President Barack Obama's health care law requires insurers to accept all children regardless of medical history. But the law doesn't limit what the companies can charge," and some parents "fear that could leave them in the same predicament: still no insurance for...children because it costs too much." The AP adds, "Forbidding denials and exclusions because of medical conditions is one of the major reforms of the new law. The problem mainly affects people who buy coverage directly, and workers in small businesses." Notably, since Obama signed the law, "there's been confusion over the children's benefit that takes effect this year." HHS Secretary Kathleen Sebelius "had to intervene with the industry to clarify that the law forbids denial of coverage, not just exclusion of particular conditions."

 

Learn how easy and convenient shopping for health insurance can be. Get your free health insurance online quotes today!

 
     
 
© Copyright 2009 BuyMyPolicyOnline.com. All Rights Reserved. Home | Insurance Products | About Us | Resources | Testimonials | Contact Us | Privacy| Sitemap
Click To Verify
Protected by Copyscape Duplicate Content Detection Tool