My husband works in the healthcare industry and has been
blabbering on discussing the legislation for months. These are the things I find interesting and easy to understand:
Fact 1. The mandate part of the law is not a mandate (or a tax, or even really a penalty). Everyone knows about the “mandate,” which supposedly imposes a penalty on folks who can afford to buy insurance but don’t have it. EXCEPT, the penalty won’t be enforced. Seriously. This is what the act itself says: “In the case of any failure by a taxpayer to timely pay any penalty imposed by this section, such taxpayer shall not be subject to any criminal prosecution or penalty with respect to such failure.”
Fact 2. Many of us will get checks. Actual checks, people. Obamacare says that private insurance companies may spend only 15-20% of your premium dollars on overhead, salaries, and admin. They must spend the rest on your health care. Go figure. If they spend less on your health care than they’re supposed to, they must send you a check directly.
Fact 3. Obamacare addresses some of the more egregious past practices of insurance companies: no lifetime caps, no refusal of coverage for “pre-existing” conditions, and children can remain on their parents’ coverage longer.
Fact 4. The law will require small businesses to offer health insurance and will reward those businesses with a subsidy for doing so.
Fact 5. Free preventive care for things like mammograms and neonatal exams. NO CO-PAYS.
Yee-haw. I’m going to schedule my colonoscopy right now.