Saturday, July 14, 2012

Medicaid Expansion and Health Insurance Subsidies

On January 1st of 2014, insurance companies must offer "everyone" health insurance and charge all the same rates. Those without health insurance will pay a tax penalty; income based subsidies will help middle-income people afford health insurance. Lower income people will qualify for Medicaid.

Beginning January 2014, a single person earning less than $14,856 annually will be covered by Medicaid.... Despite conservatives' political posturing (e.g., Texas governor Perry), the U.S. federal government will always pay 90% of this program More at the beginning).

It should be noted that Medicaid runs with lower administrative costs and slower increases in overall costs than private insurance companies. The crux of the issue relates to levels of quality care.

My Comment: It's time to cut the jelly donuts and sodas and reduce the amount of time spent sitting. Get healthy.