Transcript Honestly

Chelsea Albert
Josh Bowman
Ross Cable
Cory Dobkins
 President
Obama’s Health Care Reform is
one of the most controversial issues in
America today.
 Important
because any changes made to
the government’s fiscal policy will have
heavy financial impact on Americans
 Unite
the many individual insurance and
legal entities and provide universal
healthcare to Americans
 Expand
Medicaid and Medicare as well
create the National Health Insurance
Exchange
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More than $2.2 trillion was spent on health care in the United
States in 2007, which was 16.2% of the nation’s GDP.
$7,421 per capita and it is growing at an annual rate of 6.1%.
Projected that by 2019 the number of people that are uninsured
will increase by 30% in 29 states and by at least 10% in every
state
In 45 states the amount of care provided without compensation
will more than double
Businesses in 27 states will have premiums that have doubled
and fewer people will be covered through their employer
If we do nothing, this will only get worse
 Key
players pushing for the legislation
are the Democrats with approximately
87% wanting reform.
 Just over one-third (35%) of Republicans
approve of a major overhaul in
healthcare.
 Independent voters are in the middle
with 64%.
 Elderly people over 65 are less in favor.
AGE GROUPS

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18-29 67%
support
30-44 61%
support
45-54 67%
support
55-64 62%
support
65+ 56%
support
27%
oppose
21%
oppose
22%
oppose
30%
oppose
31%
oppose
INCOME LEVELS
67%
support
27%
oppose
$30k-49k 68%
support
21%
oppose

$50-74k
63%
support
38 %
oppose
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>$100k
58%
support
35%
oppose
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< $30k
 Offer
a Government sponsored insurance
program which people could opt into.
 Protection for people with pre-existing
conditions that large insurers cut.
 More focus on preventive services and
wellness centered strategies.
 Billing, advertisement, and huge profits
(the reasons for higher charges) would
be eliminated with a government run
program
 People
with pre-existing conditions
would be covered with a government run
program like Medicaid.
• This would be directed towards people whom
have lower incomes.
 The
Obama plan would prevent insurers
from cancelling coverage for people who
fail to mention a condition on an
application.
 Medications
for Medicare would receive a 50%
discount on name brand drugs.
 Currently, the average cost to an individual
covered by other insurers is approximately
$4,080 per year.
 This would be eliminated by 2019 with
Obama’s healthcare plan.
 Tax
credits will be given out to lower
income individuals based.
 Tax credits will also be given to
employers and small business owners
which will supplement out of pocket cost.
 Public health insurance provided for
those who can’t afford premiums.
 Coverage of those with pre-existing
health issues without a mark-up in
premiums
 Having
the choice of a public health
insurance will do many things
• Make health care more affordable for
patients
• Foster greater competition in the
insurance market
• Guarantee quality, affordable coverage
 One Trillion
Dollars over the next ten years.
 Our government thinks we will be able to save
around 100 billion dollars annually.
 Saving this amount of money will end up
helping our government out in the long-run by
paying off our governments debt.
 This is going to take a long process and we will
not see a great impact in the overall debt until a
few years down the road.
 Although
this reform is a lot of money our
government will end up saving money in
the long-run by not spending extra money
on uninsured people.
 The current health care bill is spending
about 15% of the current GDP on uninsured
people.
 Once this bill is passed our spending on
uninsured people will go down by 10% of
the current rate.
 Resulting in 5% of current GDP being paid
for the uninsured Americans.
The current health care act is not supporting
small businesses.
 Small businesses are the building block to our
huge economy. Without them our country would
be completely lost.
 Our government puts a high broker tax on all the
small businesses and this results in small
businesses paying roughly 18% more than larger
firms for the same health insurance plan.
 This results in small firms paying workers less for
there hours, and resulting in many of them not
providing health insurance.
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 Less
than half of the firms with three to
nine employees provide health insurance
for their employees; while around 75
percent of firms with ten to twenty four
employees provide health insurance for
their employees.
 The United States government keeps on
raising the taxes for the small businesses
which is not helping our economy in
anyway.
 Small
businesses that meet a certain criteria
will be able to buy health insurance through
an insurance exchange.
 This results in many small firms being able
to provide health insurance to their
employees.
 Current small businesses that offer health
insurance will get a tax credit with this new
plan.
 This new plan is going to help open more
small firms, which our country will need to
further develop.
 Health
premiums will stay roughly the same.
 Premiums will differ if you are purchasing
individual health insurance, or if you are
buying insurance for the first time.
 The government will have to raise the price
for individual health insurance to still be
able to make a profit.
 If your company provides health insurance I
would strongly suggest taking it because
you will save a lot of money on premiums.
 The
Patient Protection and Affordable Care Act
will affect individuals who make more than
200,000 and couples that earn more than
250,000 a year.
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By doing this it’s said it will help build a team
up with other areas to save money for the trust
funds in the next nine years.
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To help low income families or individuals, in 2014
they will be eligible for Medicaid. If they are below
133 percent of poverty, then they are eligible for
Medicaid.
This includes families or individual in 2009 that
make under $14,403.
It also does not matter what state they live in. These
families or individuals will not have to pay
premiums to join. It will also be available to
children ages 6 to 19.
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For elderly people, it will help save more than
50% on discount brand-named drugs. It’s also
going to save over 100 billion dollars in 10 years.
With the plan being to help senior citizens with
more expansive drugs, the Care Act is going to
be able to have generic brands improved to help
make it more affordable.
Another benefit of the new health care system is
the notion that senior citizens will be able to stay
in their homes. The Care Act on average will cost
$18,000 each year.
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For young adults, the Care Act will give free services
through health insurance plans and invest in preventing
illnesses before they become worse. The plan is to limit the
number of people who put illnesses off so care is sought
before conditions worsen.
Young adults will be able to decide how much they want
covered.
This act will also take into consideration the fact that young
adults change jobs frequently, while often holding part time
jobs too. The plan will include consistent offering of
insurance to these individuals regardless of their
occupation.
 The
Health Care Reform will provide coverage
for those who do not have insurance – money
will not be an issue. Children ages 6 to 19 can
be put on Medicaid if they are “newly eligible”.
 Young
adults will be permitted to be covered
by their parents’ insurance plan until the age of
26. They can pick a plan that suits their needs.
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Over 65 million Americans live in communities
where they cannot access a primary care
provider.
In addition, there are 16,500 practitioners that are
going to have to meet their needs. Our nation
will be investing in the areas that have shortages
of primary health care.
The bill will have incentives for primary health
care practitioners to encourage them to provide
health care in areas that have shortages.
 At
this time, the bill has not been totally
accepted by both parties. Because there is a
Democratic President, the Republicans are
against the majority of the bill.
 President
Obama had invited the Republicans
into the White House to try to pick up the
discussion of the bill and try to come to some
agreement.
 There
are 11.5 million residents in Ohio and
most of them will benefit from the Health
Care Reform
 The
1.4 million residents of Ohio who do not
currently have insurance and the 533,000
residents who have non-group insurance
could get affordable coverage
 About
942,000 Ohio residents could
potentially qualify for tax credits to assist
them in purchasing health care coverage
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The reform will remove the ability of health
insurance companies to place lifetime limits on the
coverage they provide
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Annual limits of insurance companies will be
restricted
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Insurers will no longer be able to drop the coverage
of Ohioans without explanation
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The reform will provide insurance to Ohioans that
may have been previously denied due to high-risk
conditions
Reform has the ability to save Ohio families up to
$1,200 on premiums
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There are 1.8 million seniors in Ohio currently
utilizing Medicare that will receive free preventative
services as part of the reform.
Reform will eliminate excessive overpayments
• Biggest problem with current Medicare system
• Ohio couples on the current Medicare plan will pay an
additional $90 within the next year
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There are 325,000 seniors that will have the costs of
their prescription drugs cut in half from Medicare
assistance
• Almost 325,000 Ohio seniors are affected by the gap in
Medicare drug coverage
• Pay an average of $4,080 a year
 69%
of Ohio’s businesses are considered
small businesses
 Only
49% of them offered their
employees health coverage benefits in
2008
 Reform
will provide tax cuts that will help
118,000 small businesses have more
affordable premiums
 Reform
will relieve the state budget from
exacerbating health care costs
 The
reform will reduce state employee
premiums by expanding coverage to
uninsured residents
 Reform
may provide Ohio families premium
relief of up to $1,200 per year
 $2.3
billion of uncompensated care will be
saved from uninsured people being
provided coverage
 Our
group thinks that this is a good plan and
a good start to saving our health care
program.
 Clearly in the short-run our government will
be losing a large amount of money but in
the long-run we feel that the government
will benefit from this bill.
 Of course this plan has its drawback, like
any major change to fiscal policy, but overall
we think it is making a great start to
recovery and preserving some of the
nation’s wasted resources.
Questions?