MrHealthInsurance Blog

In my commentary last week on the delay of the 2014 employer penalties, I indicated that I expected additional changes in the rules and regulations to follow.   So here is what has happened since the Employer Mandate delay.

July 2nd, 2013 -Bulletin

The White House announced today that the Employer Mandate to provide health insurance to its employees has been postponed until 2015.   

The delay of the employer mandate and it's revenues is sure to cause other delays.  The delay is significant both economically and politically and puts the issue back on the mid-year elections table for 2014.
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Over the past couple of years, I have found myself trying to focus […]

June 28, 2012:

Today, Justice Roberts joined the majority, upholding the key elements of ObamaCare. I view this decision as the best possible outcome for business and individuals in a democracy.

While I have not yet had a chance to read the entire 90-page decision,  I do know that Chief Justice Roberts summarized by saying that Congress, the Senate and ...

It has been a very long time since I have written a blog post on healthcare reform.  I have found the fallout from healthcare reform to be so overwhelmingly non logical that I just got tired of complaining. 

• Long Term Care, a key component in passing healthcare reform in 2010,  that's ...

Perhaps by morning there will be articles out there with some quick stats on the things you might want to know. I thought I would put out a few of the stats to start. Can I get insurance without a pre-ex clause??- Not until 2014. High Risk pools ? - Federal government will fund $5 billion for high risk pools. Should kick in 2010. Kids ? - To age 26 in all States. Should kick in 2010. Did my taxes go up? - Payroll tax will increase in 2010 for those earning over $200k. Income tax surcharge of 3.8%. Did my Health Savings Account survive? - Yes. What about employer penalties who don't provide insurance - For qualified employers, the penalty has been increased from $750 to $2000 per employee. What about individual penalties? - If you don't have insurance, you will pay 2% income tax surcharge up to $325 per person. What about Expensive health plans surtax? - Exists, $10,200 for singles, $27,500 for families. Flex Spending Accounts - $2500 annual contribution limit. Deduction of Medical Expenses - Increase from 7.5% of AGI to 10% excluded. Creation of Long Term Care insurance fund for to help seniors in need of help with daily tasks such as bathing and dressing. No gender based pricing for individual insurance. No lifetime limits on benefits. $480 billion in new taxes over the next 10 years. $500 billion in Medicare cuts over the next 10 years.

I am monumentally disappointed in the passing of this Health Care Reform bill. Most of the people reading this blog will pay substantially more for the same services so that those who did not pay into the system have guaranteed access. This bill will surely be modified thousands of times over the next 5 years, but one thing is certain; costs will increase. Imagine a surcharge on your mortgage to make sure that those who over extended don't lose their home equity. I am 100% open to being wrong. I made a huge mistake in voting for a Presidential candidate who promised openness and bipartisanship in formulating a health care bill. I am hopeful that my losing streak continues. For now, I am as disappointed in Congress as I was excited when Mr. Obama was elected.