Economic 101 for the Health Care Reform With a Public Option
Having a Government’s Healthcare with a Public Option as proposed by President Obama will likely cause to bring down and lower your monthly health insurance premium to as little as $25 a month for a full healthcare coverage including dental.
This is how it will work. As it has been reported (see CNN.com) that the premium cost for the proposed Government’s Healthcare with a Public Option will be about 10% – 20% less than the monthly premium fees that you currently pay each month, for your private health insurance coverage.
Currently, private insurance companies charge high premium fees as driven by their need for profit. They do so because they simply have no competition which can help reduce their premium fees and improve your health care needs and benefits. However, with the proposed Health Care Reform with a Public Option, it will help create competition for the health insurance companies, and that’s the only way that health insurance companies may reduce your monthly premium.
Let’s say you currently pay about $165 a month for your health insurance, not including your dental plan, and the proposed Government’s Public Option is 10% less than what you pay now. In order for health insurance companies to continue growing and retaining customers, they will try to match the Government’s Public Option premium fees. And as health insurance companies lower their premium fees, so will the government’s public option.
The Government’s Public Option premium fees will keep going down as private health insurance companies try to match the government’s public option, until the price comes down to a neutrality (equilibrium) level, where the costs of your healthcare equals your healthcare benefits.
In the end, you may end up paying as little as $25 each month, in health insurance premium, for quality healthcare, and if you end up getting sick, for whatever the case might be, you’ll never have to suffer because of additional out of pocket money you would need to pay for your medical care. And you certainly won’t have to go broke just because you’re sick, and you won’t have to hurt or even die, just because you don’t have health insurance.
You will also have a chance to switch to any healthcare insurance coverage without ever losing your current healthcare benefits. And your existing medical needs or illness will not be the case for any insurance company to deny you the coverage you need just because of your existing illness.
As we all know, that 30% of every dollar you spend on your healthcare premium is spent on medical administrative costs, and probably about 40% of every dollar you spend is spent towards the salaries and wages for the doctors and medical professionals, and only about 30% of every dollar you spend on your health insurance goes towards your medical needs. What the proposed healthcare reform with public option will do is make medical care providers to reduce their excessive costs and give you more healthcare benefits, as they too will have to compete for your business, because the government public option will give you more choices and options to where you go to get treatment for your healthcare needs.
And as the President outlined it last night in his speech, whether you are self employed, business owner or have your own health insurance coverage with whomever you have previously chosen, the proposed Healthcare Reform with Public Option will not make you give up your current health insurance coverage. You can keep what you already have or shop for a better health insurance coverage since health insurance premiums will severely go down. This basically gives you more choices and better options of what you do with your own healthcare needs.
America is becoming polarized so much that loyalty to one’s political affiliation is so important and more relevant than the general needs for the Americans. Even if a certain issue may cause potential danger or even death, party loyalties may not even care if the solution was initiated by the opposite isle of the chamber. And the public elected officials in Washington always seem to forget why or how they got there in the first place, but they are not thinking that there comes a time when the consumers will once again have a chance to decide who to send to Washington, someone who can honestly work on their behalf, and not on the behalf of special interests and lobbyists.
Just because a certain bill, which may be deemed to actually benefit the consumers was initialed by a member of a political party doesn’t mean that the opposite party members shouldn’t support it, just because they feel too loyal and too good for their own party.
Sometimes putting political party differences aside and focusing on what the American people actually need may serve best for everyone, even those who feel otherwise. Just because you feel like you are well off or if a certain issue doesn’t affect you or benefit you, that doesn’t mean that everyone else feels the same.
The majority of people are not as well off as what you are, thus sometimes we just need to think about how or what other people are going through, and show them more compassion as much as you’d want them to show you.
Watch the video related to health care reform bill
April 5, 2009 3:12 am 
By TomStar81, April 5, 2009 @ 3:31 am
Yes you are talking about TORT reform. the Democrats do not want to touch the Lawyers. it seems the Lawyers are in the democrats pocket.*
By Tracy Turnblad, April 5, 2009 @ 4:21 am
First of all, Obama wants to make insurance more available to all and change the system so that it is cheaper. He also wants change so that the insurance companies find it harder to get out of paying for treatment. The system he is proposing looks similar to that which works in Holland and Switzerland where private companies are involved in providing insurance.
Second, of course universal health-cover sucks. That is why we in Western Europe have it. We think, hmm, our healthcare system sucks. I know, lets keep it. I guess that is the same with Japan and Canada as well.
Third, Obama campaigned on reforming the healthcare system. He said he wanted to make insurance more available and he was elected by the American people to do this.
FACT – the US has higher death rates for kids both for kids aged under one and those under five than western European countries with universal health coverage.
FACT – American insurance companies push up prices and work to stop paying out claims on those they cover.
FACT – the USA spends more on healthcare PER PERSON than any other nation on the planet.
That means that a dead American four year old would have had a better chance of life if they were born in Canada, France, Cuba, Germany, Japan etc, all of which have universal health coverage.
Last of all if you do not like the policies that Obama was elected to bring in, he can always be voted out of office in 2012.
By skinnyblink7, April 5, 2009 @ 6:34 pm
the new york times has an interactive feature which is actually very clear to understand. check it out.
By Short, Fast, and Loud, April 7, 2009 @ 10:42 am
Obama does not have a bill. He has only given guidelines to what he wants. His last address made it more specific.
The bills in congress are not healthcare bills. They are health coverage bills. The government is trying to take control of a large portion of our economy. They are trying to make it so the government is a single payer source (I know i will get thumbs down for this, but follow hr3200 to its logical conclusion).
The current bills want to cover everybody in the US (Illegals too, there is nothing in these bills to prevent illegals from being covered. Amendments to ensure citizenship were tabled)
The federal government wants to punish you for not having insurance (they will get your money one way or another)
The government wants to regulate what care you will get. (When the system becomes overblaoted as any government system does, they will have 2 options increase taxes or ration care)
I know that there are a lot of people that will disagree with this. If they actually read the bills, and follow to there logical conclusions, in 10 years we will be a whole lot worse of than we are now. So doing nothing would actually be cheaper.
Reform must actually deal with the underlaying problems. HR 320o does not. Obama gave lip service to 1 of them.
By The Conservative Resistance, April 8, 2009 @ 8:07 am
Under any Democrat President in history, the same M.O. emerges.
The Democrats "identify" a "crisis" and whip the people up into a frenzy about it. They proclaim themselves the carriers of the elixir that will heroically save all mankind from this "crisis.'' When Republicans seek to oppose the spending it will take for this elixir, they are automatically called hate mongers and obstructionists.
Clinton tried it with school lunch menus. He whipped that whole thing into some kind of "crisis." The Democrats wanted to raise the program by 10% and the Republicans wanted to raise it by 7%. That got reported in the media as a 3% CUT by Republicans. Only when a Democrat is President could an INCREASE be reported as a CUT. Just to make Republicans look bad, but too many people buy into the bullshit.
Al Gore, who wasn't even President, tried it with global warming and it didn't work. Today, it's health care. What'll it be tomorrow? The whole "world is ending in 2012" thing, or what?