Think Obamacare isn't working? Think again. According to Forbes,
The major health insurance companies around the country are reporting a significant increase in small businesses offering health care benefits to their employees.
Why? Because the tax cut created in the new health care reform law providing small businesses with an incentive to give health benefits to employees is working...
Private market insurance companies are experiencing significant growth because of a tax break provided by the PPACA...
United Health Group, Inc., the nation’s largest health insurer, added 75,000 new customers.
Coventry Health Care, Inc., a large provider of health insurance to small businesses, added 115,000 new workers in 2010 representing an 8% jump.
Blue Cross Blue Shield of Kansas City, the largest health insurer in the Kansas City, Mo. area, reports an astounding 58% increase...since April one month after the law took effect.How ironic for The Party of No whose predictions of dire consequences, socialism, and unaffordable government mandated insurance policies for small businesses and ruination. Could they be wrong?
Big thank you to injaynesworld for highlighting this in her "Sunday Recap" today.
10 comments:
This is really great news. I hope we will see it strengthened in years to come!
It's not a perfect system but hey, if people are taking advantage of tax cuts it's going to work better than the old. We also get a 30% rebate on our health fund fees if we're in a private fund which is a good incentive to join. (Especially since I just got an ambulance bill for $600! GAH)
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Why American men should boycott American women
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BOYCOTT AMERICAN WOMEN!
Speaking as American woman living internationally, I am glad for this increase in the numer of insured. In what alternate universe is it better for people to not have health insurance anyway?
Djan: Yes. Just getting started is what it takes. Hopefully, they will fine tune it and not let it become as top heavy with admin & ppwk as Medicare.
Baino: The tax cut is definitely compelling. I will be interested to find out if this is any better than the plan I have through work which currently costs me $600 per month and that's with a $6000 deductible.
Boycott American Women: I don't know if you are for real or just spam but I decided to publish your idiotic remark just for the hell of it. If you're for real, you've either had some really bad experiences, been raised by a "Mommy Dearest" or perhaps come from some weirdo sect.
If you're spam, just fuck off.
Grandmother: The Alternate Universe of the Party of No!
Most interesting to see that there has been a quantifiable and positive effect from the health care bill. But didn't I read a few weeks ago about a judge who ruled it unconstitutional? Do you know what the repercussions from that could be?
It's great to know there has been a steam-roller effect from it, though. I imagine it won't take long before people wonder how their country could have been without it.
Deborah: A Virginia judge ruled it unconstitutional because of the govt mandate inserting itself over states' rights or something like that. I lived in Viriginia 8 years and they are pretty conservative with a few moderately progressive pols from time to time. I think the guy is just laying ground for a precedent of states rights over federal; one of the ongoing debates in our country dating back to our country's inception. Your question caused me to look it up to clarify my facts from History 101 and there is some pretty interesting background info in wikipedia:
http://en.wikipedia.org/wiki/States'_rights
Well, the repugs have backpedaled just ever so slightly, haven't they? According to recent polls, more than 50% are not in favor of repealing, which of course means that they probably are in favor of changing large parts of it. IMO, they didn't go nearly far enough in the health care bill.
Thanks for posting, I'd missed Jayne's Recap this week.
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