Thursday, January 20, 2011

Fact Check: Questions Mount As Health Law Rolls Out - Kaiser Health News

NPR
Fact Check: Questions Mount As Health Law Rolls Out - Kaiser Health News:

* According to the Republicans, the job toll is about 650,000 -- thoroughly debunked, among others by the group factcheck.org.It turns out that what the CBO (Congressional Budget Office) actually said about job loss is that the law would allow people to stop working because they could get health insurance — not prompt employers to cut jobs or fire people.
* People who earn less than 133 percent of the poverty line (about $14,400 in 2010; soon to be updated for 2011) will get Medicaid coverage, which costs them nothing.
* There's no employer mandate in the law. For employers with fewer than 50 workers, there's no requirement — period. For those with fewer than 25 workers, there’s actually a tax credit to help them pay for coverage for their workers.
* I've read that the return on investment for health insurance companies averages around 16 percent. How does that compare with other countries?

Private insurance — particularly for-profit private insurance — isn't all that common in other countries other than as a supplement or complement to public health insurance.

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