Question: Do you know how much your health insurance premium will be going up?
I just received a newsletter from my health insurance company with these items: Health Insurer Fee to be phased in starting 2014: There will be a Health Insurance Provider Fee on premiums charged by health insurers. Some plans will be exempt, for example: Medicare, Medicaid, etc. It is estimated this will add at least 3 percent to insurance premiums. Congress anticipates $455 billion savings from cuts to both Medicare and Medicaid. Providers and healthcare facilities are expected to cost-shift expenses to commercial plans. The U.S. faces a shortage of primary care physicians (40,000 in the next decade), Oncologist (3,000 to 4000 already today), Nephrologists and -- perhaps the most scary -- Nurses (300,000) in the future according to one study. These figures do not account for the demand created by health care reform. So, we have a ways to go before we have reached our goal of affordable healthcare for every American. The Affordable Care Act is a good start toward that goal. What is the Affordable Care Act? .
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