On March 23, 2010, President Obama signed the Affordable Care Act. The provisions of the Act will be implemented on a rolling basis between the day it was signed until the end of 2018. The Conservative Breakfast Club (CBG) will discuss the effect these changes have had on our healthcare at its breakfast meeting on Thursday, May 30.
The CBG meets for breakfast every Thursday at 7:30AM at the Holiday Inn Express in Chestertown.
The first provisions to be implemented were the benefits. Early measures were intended to help insure the reelection of the Congressmen supporting the legislation. For example, in early 2010, $250 checks were mailed to seniors who had to pay for drugs in the “donut hole”.
The penalties will come later, after people have forgotten who voted for the penalties and the guilty Congressmen have retired to their highly paid jobs as lobbyists. The last new tax will be 40% excise tax on “high-value” health insurance place (i.e. those sponsored by Unions), to be imposed in 2018.
Plans for 2013 include eliminating deductions for employers who maintain prescription drug plans for the Medicare Part D eligible retirees and imposing requirements for electronic health “information” records on insurance plans.
Have any of these changes affected the cost or quality of your healthcare yet?
FLETCHER R. HALL says
THE BEST ACTION TO TAKE ON OBAMACARE IS – REPEAL.
Repeal before the nation is harmed and our health care system, with all its warts, is dismantled and distroyed.
Fletcher R. Hall
Chestertown
Steve Payne says
Just wanted to claify a couple things.
The 40% excise tax on the highend plans is only on the amount that excedes the standard set under th law not the whole cost. It’s paid by the provider not the insured. Far more nonunion people hold these plans than union people.
The elimination of the tax deduction for dual eligble Part D providers is because the government gives those employers/providers a 28% rebate for providing that insurance. So they stopped the double dipping where those providers were taking the rebate and then writing off the costs in full. It only applies to the amount of costs that the rebate applies to.