Friday, March 1, 2013

kim: Beginning to Understand Health Care Reform

kim: Beginning to Understand Health Care Reform: It has been in the back of my mind for awhile now and with new parts of the plan rolling out in this first quarter of 2013, it is time to understand just what Health Care Reform means for me and for each of us.  This morning I found a very helpful article at as a first step to fully understanding the changes, pros and cons.

I'd like to begin a dialogue here so that we all may understand the changes and how best to prepare ourselves for wellness- financial and physical.

So here are the things that stand out for me at this point:

1) Supreme Court called this a tax while passing the bill. Justices state that the US Government cannot require citizens to purchase insurance, however, they can assess a tax on those who do not.  This comes in the form of a penalty, which begins in 2014 and increases in 2015 and again in 2016.  I have calculated that for my husband and I ( and I suspect most people) the penalties are significantly less than what we currently pay for health insurance, so I am not sure it's an adequate incentive to purchase health insurance.