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Key Factors Being Undermined By New Government Run Health Plan

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Key Factors Being Undermined By New Government Run Health Plan

Key Factors Being Undermined By New Government Run Health Plan

In view of the announcement made by the house leadership of healthcare reform legislation, BCBSA made a few statements. According to this reform, a new plan is going to be adopted to include a health plan run by the government. Several independent Blue Cross and Blue Shields Company allege as some key factors being undermined by new government run health plan.

In statements made by 39 independent Blue Cross and Blue Shields Companies, support to bipartisan comprehensive healthcare reform was rendered. They conveyed their agreement to the desired goal to augment the access to coverage which are affordable so that every single American can be covered. At the same time, they did not reveal their disappointment as some key factors being undermined by new government run health plan.

They allege that newly unveiled “Affordable Health Care of America Act” is going to adversely affect the rudimentary objective of the policy. They say as the key factors being undermined by new government run health plan, it will directly affect the 160 million people who receive the medical coverage provided by their employer, thus affecting the affordability as well as the access to the facility, the prime objective of health plan.

The new government run health plan will also adversely affect the affordability as it allows people to purchase coverage until being sick. Thus the minimum benefit packages will be higher than those being purchased today. At the same time as age discount getting restricted, the younger people are expected to suffer a burden of much higher degree.

The government run health plan is deemed not necessary as a means to achieve the desired reform while having the risk of detrimental effects. They also fear that as a consequence of many health care providers shutting down, a major access issues will be posed as a significant problem as there are supposed to be prolonged waits to get the service. It will also serve as a jolt to reform in regards to delivery system which is essential in controlling cost and improving quality.

Tax Advantage from the Very Beginning

To take over the market, government run health plan will have some advantages from its very beginning. It will get many financial advantages at the start, which are expected to give it a better endurance. Apart from many state regulation and rule, it will get the exemption from state as well as federal taxes, payment of which is obligatory for the private plans, while the health plan run by government would get a whopping USD 2 billion as its capital to start with.

As key factors being undermined by the new government run health plan, it also turns a closed eye towards its affordability. This proposal for these insurance reforms will permit people to wait to buy coverage until they get sick, allowing a much higher cost for every single people. Moreover, the cost will increase as the higher minimum benefits are proposed than average policy being purchased now.

Restriction of Age Related Discounts

At the same time, the age related discounts proposed in this bill in young people is lower than existing health plans. This, while in one hand discourage younger generation to buy policies, on the other hand it will hike the premium cost by 69% according to Oliver Wyman. The discount in premium is very important since it encourages younger healthy people to buy coverage which in other way used as the cross subsidy to pay for caring older generation.

According to this proposed health plan, a federal agency will be created to control a national exchange for the employers of 100 people in 3 years. By 2015, it will be extended to everyone. It is feared that this federal agency would have a subsequent vast shift of authority to the federal government with creation of conflict between state and federal rules while existing state authority being undermined.

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