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Wednesday, October 9, 2013

Little known benefit of "Obamacare"

     While much of the discussion on Obamacare has centered around providing care to people who don't have health insurance, one benefit that all of us will get is the new requirement that health insurers provide certain preventative health screening without a co-pay.  Screenings for osteoporosis, HIV, cervical cancer and breast cancer will now be free to those with health insurance. In fact all screenings that have been determined to be effective at a high level by an independent physician task force will be covered. Preventative care has often been talked about as cost effective in addressing the rising cost of health care. An ounce of prevention can be worth a pound of care.


The so-called "doughnut hole" in Part D Medicare prescription plan is also closed under Obamacare. Below is where this hole developed.
Total drug spendTrOOPOut-of-pocket costPortion covered by Medicare
$0–$295$0–$295Deductible is out-of-pocketNo Medicare coverage of costs
$295–$2,700$295–$896.2525% out-of-pocket75% covered by Medicare
$2,700–$6,154$896.25–$4,350.25All costs are out-of-pocketNo Medicare coverage of costs
over $6,154over $4,350.255% out-of-pocket95% covered by Medicare
P.S. 1
   Remember when the Republicans were saying "repeal and replace Obamacare."  We still hear the "repeal" but somehow the "replace" has disappeared. 

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