Group health insurance expert weighs in
The American Health Care Act is President Trump’s answer to President Obama’s hotly-debated Affordable Care Act. While many political experts are excited about the new plan, others wonder if the proposed penalty is similar in nature to the dreaded Obamacare penalties, which many complained laid an undue financial hardship on those least able to foot the bill.
Rob Wilson, group health insurance expert and President of Employco USA, says, “President Trump’s plan is exciting for employers for many reasons, including the removal of the taxes, the mandate penalties and the subsidies that were a cornerstone of Obamacare. As for the new proposed penalty, it only applies to anyone who opts to go without insurance for longer than 63 days and then desires to resume coverage.”
The purpose of this penalty, Wilson explains, is to keep people from dropping in out and of the market. However, it also allows for healthy individuals to opt not to buy a healthcare plan if they so desire.
“Part of the problem with Obamacare was that it forced people to buy coverage even when they did not need it or use it,” says Wilson. “Under President Trump’s plan, people can opt to buy insurance only when they actually need it. Even if a person were to take a penalty for not buying insurance and retaining it, it would still amount to less under The American Health Care Act than Affordable Care Act, so Americans still save big.”
For more on this topic, please contact Rob Wilson at firstname.lastname@example.org.
New Survey Reveals that Middle-Class Families Must Choose Healthcare Over Food, Clothes
Healthcare trends expert discusses these disturbing findings
Recent numbers show that middle-class families have increased their spending on healthcare by 25 percent since 2007. As these expenditures have increased, families have tightened their belt in other areas—with spending dropping on essentials such as food and clothing.
“These numbers are very disturbing,” says Rob Wilson, President of Employco USA and healthcare trends expert. “The Affordable Care Act was supposed to offer healthcare savings for Americans across the board, but instead it seems that middle-class families have been the hardest hit by our unstable economy.”
Wilson says that many Americans are reporting that their premiums are now so high that they cannot afford to go to the doctor. “With Obamacare, Americans are now facing deductibles of $3,000 a year or more,” he says. “Meanwhile, other Americans are losing their insurance as companies are forced to shut down as a result of the Affordable Care Act—not to mention, the amount of jobs that are going to be lost due to these company shutdowns.”
Wilson continues, “The whole point of President Obama’s plan was so that people would not have to choose between a doctor’s visit and paying for groceries. But now, thanks to these high premiums, we are right back in that same situation.”
For more on this topic, please contact Rob Wilson at email@example.com.
7.5 million Americans were required to pay a penalty last year due to not having health insurance. This is a higher number than the government predicted, and many worry it is a sign that the country is not prepared for Obamacare.
Rob Wilson, CEO of Employco USA, says “The Affordable Care Act is causing issues across the board. Not only did the IRS collect $1.5 billion dollars in penalty fees from hardworking Americans, but many people also were confused about filling about their tax forms. Taxpayers who paid a penalty to the IRS should have claimed an exemption on their tax forms, but thousands and thousands did not, simply because they were not informed. As a result, they overpaid the government on their taxes.”
Additionally, about five million Americans claimed no health insurance status on their forms, leaving the government struggling to find out how to categorize these folks. “We don’t know how millions of Americans in this country are able to pay for healthcare, or if they are receiving healthcare. It’s scary business.”
From new minimum wage rulings to proposed overtime changes to the Affordable Care Act, President Obama has made significant changes in the way companies in this country can do business. According to Rob Wilson, employment expert and CEO of Employco USA, “Obamanomics” could spell disaster for many employers.
“It started with Obamacare,” explains Wilson. “Since many companies couldn’t afford to offer their staff health insurance, they slashed employees’ hours and made them part-time instead of full-time, thereby forcing Americans to cobble together multiple part-time jobs in order to make ends meet. Now, companies face another issue: Overtime.”
Currently, the Obama administration is proposing changes to overtime regulations, changes which would offer more employees the chance to earn this extra income. However, not everyone thinks this is such a good plan.
Wilson says, “Economists don’t think the proposed plan is tenable in the long-term. Overtime wages are projected to be $1.3 billion. The FICA taxes associated with the OT wages alone is roughly $200 million (employer and employee combined). Plus, many people fear that employers will simply dump employees rather than face the prospect of paying multiple people overtime. Others will decrease their employees’ salaries in order not to lose money as a result of all the overtime they will have to pay. It’s a lose-lose for everyone.”
Employment Expert Explains Why Obamacare Has Led To Job Losses And Slashed Hours
Under the Affordable Care Act, companies with 50 or more employees are required to provide health insurance to their staff if these employees work 30 hours or more a week.
Rob Wilson, President of Employco USA, says, “Since many companies cannot afford to provide health insurance for their staff, employers have instead opted to cut their employees’ hours so that they can limit their number of full-time staff and avoid costly health insurance plans. That means that many families will be forced to have working parents with not one but two jobs…and still no insurance!”
The bad new doesn’t end there, according to Wilson. As companies hunt for the most affordable plans and try to juggle all these new costs, something has to give.
Wilson explains, “To save money, employers might select an insurance plan that has higher out-of-pocket spending or even an insurance plan that does not place a cap on individual spending. This means that employees might now get stuck with a high-cost insurance plan for the next year, potentially spending thousands of dollars out-of-pocket on their healthcare. Numerous organizations have already seen their out-of-pocket expenditures skyrocket, and everyone from college students to families have seen their healthcare costs become an expensive luxury…if not completely unaffordable.”
Employment expert explains what Illinoisans can expect in 2016
Numerous health insurers are seeking approval for rate increases in 2016. Illinois will certainly be one of the states that are affected by these premium hikes. In fact, Blue Cross and Blue Shield of Illinois is asking for an average 29 percent increase for their plans. Pennsylvania, New Mexico, Tennessee, Maryland and Oregon will request similar increases.
Rob Wilson, CEO of Employco USA, says, “It is no wonder that so many health insurers are seeking rate increases. This is the major concern that people had when Obamacare was first introduced to the nation. The reality is that money doesn’t come from nowhere: Someone was going to have to pick up the tab for the millions of Americans who are newly insured under the Affordable Care Act, and sadly, that is going to be the American people.”
The new rates will not be approved and finalized until early October. “Currently, the new premiums are still up in the air,” says Wilson, “We don’t yet know how much rates will go up or which insurers will offer the most cost-affordable plans. November 15 is the date when people can begin to sign up for new plans, so after the rates are announced, people will have some time to research their options and discover if they can still afford their current plans.”
Wilson continues, “Unfortunately, these increases are exactly why people were strongly opposed to Obamacare from the beginning. It’s not fair that the average American now has to carry the tab for the mistakes made by millionaires on Capitol Hill.”