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New challenges for insurance companiesWhat we do know is that insurance companies will be taking a hit on their expected profits, and we're not talking small potatoes here. According to an insurance company executive interviewed by Reuters, the loss of Obamacare would probably cause insurers to raise their premiums by 30 percent. Fortunately for you, though, there are ways to get Obamacare replacement coverage at a discounted rate, especially if you qualify for Medicaid. Continue Reading Below ADVERTISEMENT 2. You'll still be covered during a short hospital stay Remember those health care "insurance companies" I mentioned? Turns out, if you have Medicaid -- the government insurance program for the poor, the disabled, and the elderly -- they are totally, 100% required to offer you insurance coverage during a short hospital stay. It's true that short hospital stays are a less common occurrence than you might think, because most people who go to the hospital tend to do so when they're very ill. But that's not the case for the poorest and oldest of the poor, who tend to have more hospitalizations than you might think, sometimes going into the hospital as little as a few times a year. (The elderly may or may not be hospitalized frequently depending on their particular circumstances, but at any rate, a short hospital stay is still a fairly rare event.) Medicaid can cover those hospital stays, regardless of how long they take. This is because Medicaid isn't just an insurance policy: It's a cash payment program. (That's why, when you get a Medicaid card in your wallet, you don't get a big pamphlet that details everything you can and can't do with your money.) So while you may be able to get some coverage through your employer's insurance coverage, most employers don't cover long-term stays, let alone short stays. 3. You can change your primary care physician While Obamacare isn't the "perfect" health care law that Democrats promised it would be, it did a lot of good things, like promoting competition among health care providers. Whether those insurance policies would be cheaper than they are today is unclear, though. By providing incentives for hospitals to compete for the business of independent physicians who practice at rural hospitals, we saw hospitals pass on savings in the form of lower rates to those independent physicians. Even though there are some limits to how aggressively hospitals can compete, this competition still leads to greater spending in areas where it's most needed, which in the end helps to reduce prices for patients. But when Obamacare was signed, it provided some downside for doctors. Specifically, patients were given a list of physicians who were eligible for Medicare reimbursement, and those same physicians also had to accept all patients covered under Obamacare, including those who were receiving Medicaid. But if you're looking for a new primary care physician, Obamacare has removed this need for you. Obamacare now requires that doctors spend at least 90% of their time treating patients with private insurance or with Medicare. The Benkari BlueprintBenkari strives to continuously develop as a full service plumbing contractor for commercial, government, healthcare, industrial, and transportation clients.
We tenaciously pursue our goals by investing in employee development, forging strong relationships built on trust and understanding, and providing safe, dependable, strategic services to every client.
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