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President Obama Says Some Health Care Changes Will be Immediate
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The Associated Press reports here that “President Obama, eager to sign a health care overhaul bill into law, on Saturday highlighted some of the changes that would come in the first year and permanently ban "the worst practices of the insurance industry.  Obama acknowledged it would take several years — until 2014 in some instances — for some of the changes to be fully implemented...”  "But what every American should know,” the president said, “is that once I sign health insurance reform into law, there are dozens of protections and benefits that will take effect this year."

“Among them, Obama said:

  • People with pre-existing illnesses or conditions will be able to buy affordable health insurance.
  • Children with such conditions will no longer be denied coverage.
  • Small-business owners who can't afford to cover their employees will get tax credits to help them do so.
  • Insurance companies will be required to offer free preventive care to their customers and will be prohibited from dropping coverage when someone becomes ill.
"In short, once I sign health insurance reform into law, doctors and patients will have more control over their health care decisions and insurance company bureaucrats will have less," Obama said. "All told, these changes represent the most sweeping reforms and toughest restrictions on insurance companies that this country has ever known."

“Obama and lawmakers also agreed to bypass formal negotiations as they reach for a deal.”
 
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U.S. government overpaid private insurance companies administering Medicare Advantage plans by as much as $3.1 billion in 2010, according to a new report from the Government Accountability Office (GAO).

About a quarter of all Medicare beneficiaries are enrolled in Medicare Advantage plans, and the Centers for Medicare and Medicaid Services (CMS) paid about $114 billion to the plans in 2010.


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