Article Abstracts Small Business
Insurance
The Obama’s administration completely buried the report of some people paying more for health care charges. The government waited on Friday afternoon and then dumped the news just late at the end of the week. This paper outlines a detailed article entitled What Obama Won’t Say.
It was reported on 25th February 2014 that a total of eleven million workers who were engaged in small business were likely to pay an extra amount compared to others to cater for their health insurance under the Act of Affordable Care. This was a report conducted and analyzed from the Medicare’s chief actuary. It was estimated in the report that an approximate of six million workers would pay less. This is in accordance with the law market which restricts the charges that insurers can impose to cover employees who are unwell, old, or women who are charged highly for childbirth and pregnancy.
President Obama addressed the business owners as the health law and regulation was being drafted at the time of his speech in Congress. Insurers could no longer impose charges on small companies if a single workers treatment for organ transplant or cancer sends the medication of the company over through the roof. They were not to charge more for employing a big number of women who were at the child-bearing stage. They were allowed to even charge more for older workers but only within the required limits.
This was extremely great news for patients with cancer and other related chronic diseases, as well as the women and workers who were old. They were offered a chance to pay lower premiums than they would have done by affecting this law. Other companies that employed healthy and young, low-risk workers, had to pay more than they would have done before according to the Care Acts reforms.
Works cited
"What Obama Won't Say: Some People Will Pay More for Health Care - Businessweek." Businessweek.com. N.p., n.d. Web. 10 Mar. 2014.
