|Forum - Wall Street Pit
||Stock Due Diligence for All|
|From: fragonardium (Rep: 15)||Date: 06/28/2012 18:01|
|Forum: Wall Street Pit - Msg #2286839||Thread #673421799 (Rec: 29) |
| The Affordable Care Act Is the Greatest Achievement for the Middle Class Since Medicare. |
Health care in the United States was actually socialized in the dumbest possible way through a law signed by Ronald Reagan. ObamaCare fixes that broken system and strengthens Medicare for decades to come.
This is the greatest progressive achievement in half a century. Unfortunately, because of all the silly namecalling and labeling and fear-mongering, the people who will benefit most from this landmark bill have no idea what’s in it.
Since hollering won’t do me any good, I think I should at least describe why ObamaCare was such a victory for you and your family.
1. A Harvard study found that 45,000 Americans die every year for lack of insurance.
2. After a century of trying, President Obama was the first president to sign a law that would achieve near universal health insurance coverage.
3. For the first time, health insurers are required to spend 80 to 85 percent of customers’ premiums on actual care. More than $1.3 billion in overcharges will be returned to consumers and employers this year.
4. The law allows many Americans under age 26 to stay on their parents’ health plans. Today, as many as three million young people have already taken advantage of this benefit.
5. Tens of millions of people now getting preventive care at no extra cost, including cancer screenings and vaccinations. Last year, 32.5 million Americans on Medicare and up to 54 million Americans with private insurance received one or more free preventive services
6. 3.2 million small businesses — employing 19.3 million workers nationwide — were eligible last year for tax credits worth $15.4 billion or $800 per employee.
7. 3.6 million Medicare beneficiaries saved on average of $600 each as part of the phasing out of the donut hole.
8. Health care fraud prosecutions are up 27 percent. Recoveries are up 58 percent, taking in $4 billion last year.
9. Most health plans cannot deny coverage to children under age 19 because of pre-existing conditions.
10. Insurance companies can no longer cap the dollar amount of care you can receive in a lifetime
11. Insurers cannot drop your coverage due to a mistake on your application when you get sick.
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