A big change in America’s health care system is coming at the beginning of next year.
The Affordable Care Act, also known as Obamacare, will go into full effect in 2014, giving millions of uninsured Americans access to health care.
However, there are still misconceptions about the law.
In today’s Just Explain It, we’ll tell you five things you might not know about Obamacare.
Number one… Contrary to what 42 percent of Americans think, Obamacare really is happening. In fact, people can start signing up for state-run health insurance on October 1st. That’s when states and the federal government will open marketplaces, called exchanges, to offer subsidized benefits to the nation’s 50 million uninsured.
Number two… Another survey found that a majority of Americans think the law cuts Medicare benefits and covers undocumented immigrants. It doesn’t.
Actually, the government expects the average Medicare recipient to save approximately $35,000 over the next ten years.
Number three… Tax credits. Next year, health insurance for eligible individuals or families will be subsidized.
For example, someone making just under $23,000 a year wouldn’t have to spend more than 6.3 percent of their annual income on health insurance. Based on a $3,030 plan, their contribution would be $1,450. Under Obamacare, they’d receive a tax credit of $1,580 to put towards their coverage.
Number four… The 80/20 rule. Insurers are now required to spend at least 80 percent of premium dollars on providing healthcare. The other 20 percent can be used on overhead expenses like excessive administrative costs and profits. In 2012, this provision saved Americans over two billion dollars.
If insurers don’t comply, they’re required to provide customers with a rebate. In 2011, over 13 million consumers received $1.1 billion in rebates – that’s around $150 per customer.
And finally… taxes. No matter what you’ve heard, your health benefits under Obamacare will not be taxed. The law does require that employers report the value of your annual coverage on your W-2, but the government says that’s just for workers’ information.
In the end, the Affordable Care Act is incredibly complex piece of legislation I AM SURE THAT THE PRESIDENT AND OTHER HIGH POWERED POLITICIANS WILL NOT HAVE OBAMACARE.
It enacts sweeping reforms that involve every state and millions of Americans. Do you think it will work for you? … Siggghhhh and Blaahhh
I so love ME and my own journey in this weight loss process! I have been FIGHTING to get my last 25 off of me for a few months now. I got comfy with my size 6 and 8 clothes and now I had to buy a size 10 dress and it SCARED ME INTO DOING RIGHT!!!! LOL
Ugghhhhh….swear, it is like I think that the more that I assumed that all is well, the lazier that it made me…..
Before, I had a method of going to the gym 4 days a week and it was not a fight at all…now – making myself try to turn into a GYM RAT has me a tad bit nervous.
Why is it that women are SO MUCH MORE VOCAL about their weight and appearance than men? Trust me, I do know a great deal of men who primp and press MORE than me and sadly to say BETTER than me –
However, unless they are into same-sex relationships….. men do not make a big fuss about it like us…
I guess that this the calm before the storm…before I get my butt back into the gym…… I will be going in another hour and try to get my spunk and regime back together….
This photo is from 2 weeks ago & I desperately need to shed 25 pounds… you dont see what I know is there! LOL
please pray my strength…..I am so serious I feel soo UN-MOTIVATED right now… Oka, chat in the morning!
If New York City Mayor Michael Bloomberg gets his way, stores won’t be able to publicly display tobacco products and will have to keep cigarettes under the counter or behind curtains.
The legislation announced today is the latest public-health crackdown by the mayor, whose ban on super-sized sugary soft drinks was shot down by a judge last week.
The proposed law would “prohibit display of tobacco products” in most retail shops,. “Such displays suggest smoking is a normal activity and invite young people to experiment with tobacco.” It would be the first of its kind in the nation.
A second law would impose new rules to make it harder to sell smuggled cigarettes.
These laws would protect New Yorkers, especially young and impressionable New Yorkers. The New York Association of Convenience Stores, which has 1,600 members, called the proposed ban on displays “absurd” but I totally agree with Mayor Michael Bloomberg seriously.
He said he hoped the City Council would reject the bill after it’s introduced later this week. If it passes, the National Association of Tobacco Outlets predicts it will be overturned by the courts.
Sara Palin mocked Mayor Bloomberg via banning certain sized soft drinks….but she just wants to stay relevant…
YES!!! There are a great deal of people who DISAGREE with the government being able to get involved like this…. A great deal of them are indeed talking about a basic right under the Constitution. They also feel that if you do this with cigarettes and tobacco products, what else is going to have to be out of view? Wine and spirits? It’s a very slippery slope. Well I look at it like this, yes the government is saying or at least trying to wean people from smoking – drinking and a hosts of other things and I think that it is a good idea.
If I was an insurance company and I would raise the premiums on people that smoke etc….so then what? Are you going to KEEP your medical insurance or drop it because you do not agree? You want to smoke and if you get sick..get lung diseases / cancer now you want the insurance carrier to pay for TONS of testing and expensive treatments because of a PERSONAL BAD HABIT that you chose to do that is not good for your health!!!!
New York City officials, though, said the point of the display ban isn’t to prevent kids from buying cigarettes, which is already illegal; the idea is that lowering exposure to the products reduces the chances a young person will try smoking in the first place.
Mayor Bloomberg has made public-health campaigns a hallmark of his administration and boasted that life expectancy in the city is up three years since 2001. He has also crusaded against salt in restaurant foods and junk food in vending machines and required calorie counts on fast-food menus.
A new policy sharply limiting the sale of 16-ounce sugary drinks was supposed to take effect last week, but a judge put a stop to it, ruling it was arbitrary and capricious.
My new bag!!! LOL
My girl – pal advised me that my bag was as hot as she was…. and my new hair style…
I may just have to agree with her……my new bag and style via fashion is a little HOTTTTT!
A BRAND NEW BAG every three months is a nice new deal that I made with myself….Every 3 months is not a long time for me due to the fact that I already have OVER __blank______blank_________ $#@!$&*^%$#!@ Number of bags/ purses and actually a few other things that I need to get delivered from!
Uggh…. my son of course said I should get one every month and of course it is because he wants to attend the shopping mall and obtain something for HIMSELF once a month as well!
God does NOT do the things that we expect Him to do just because we FEEL THAT they need to be done… He is GOD!
HE also did not……write me a memo stating that He would make my life easier…..
HE also did not…..give me a hint when my 19 1/2 year old twin children would finally decide to follow Him …..
HE also did not…..call me on the house phone to remind me to wake up early in the morning to pray…….
He also did not…..text me nor email me to tell me that I need to make extra sacrifices for Him…..
HE also did not….fix the issues within my immediate family, that has gone on for the last 6 – 7 years……
HE also did not….. allow my mind to forget all the hurt that I have experienced from family and friends…..
HE also did not…..relocate me to the place of my choosing……..
HE also did not …. allow my father and grandmother to live longer per my request….
HE also did not ……heal my mother from some of her afflictions….
HE also did not…. deliver me out of my current Wilderness…….
Regardless of God NOT doing the things that I have asked or wanted from Him…. the real question is why and when will I start doing the things that HE asks from me???? YES!! This question can be geared toward all of us….
So with that being said… we should always wake up and go to bed saying to The Lord…….