Health Care Benefits
Did you know that some of the Benefits for the new the Health Care Law kicks in today?
As of today:
There are no lifetime limits on Health Care Benefits.
Insurance Companies cannot exclude children with preexisting benefits.
Children can stay on their Parents Plan until age 26.
Insurance Companies cannot deny coverage once you get sick.
Yes a whole slew of benefits that will help middle class folks immensely:
http://www.nytimes.com/2010/09/23/health/policy/23careintro.html?hp
“On Thursday, the six-month anniversary of the signing of the Patient Protection and Affordable Care Act, a number of its most central consumer protections take effect, just in time for the midterm elections.
Starting now, insurance companies will no longer be permitted to exclude children because of pre-existing health conditions, which the White House said could enable 72,000 uninsured to gain coverage. Insurers also will be prohibited from imposing lifetime limits on benefits.
The law will now forbid insurers to drop sick and costly customers after discovering technical mistakes on applications. It requires that they offer coverage to children under 26 on their parents’ policies.
It establishes a menu of preventive procedures, like colonoscopies, mammograms and immunizations, that must be covered without co-payments. And it allows consumers who join a new plan to keep their own doctors and to appeal insurance company reimbursement decisions to a third party.”
Yeah the poor insurers are suffering! The poor CEO of United Healthcare got ONLY $102 MILLION in compensation! Poor guy!
http://ctwatchdog.com/2010/04/29/102-million-payout-to-united-healthcare-ceo-draws-outrage
United Healthcare’s profits rose ONLY 31% last quarter! OMG they are going to go bankrupt if this continues!
http://www.marketwatch.com/story/unitedhealth-raises-outlook-as-profit-rises-31-2010-07-20
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