|Florida Health Insurance --
New health care reform is creating a buzz that is unmatched. Most people are wondering if the healthcare reform will result in increased health insurance premiums. There is a fierce debate going on about that. The health care reform says that by 2016 under the provisions of the new law there will be miniscule increase in the health insurance premiums for people with employer sponsored group health insurance plans. People who do not have employer sponsored health insurance plans are likely to pay increased health insurance premiums but a significant percentage of people in non group health insurance plans are likely to get federal subsidies, thereby lowering the health insurance costs for middle and moderate income families.
Healthcare reforms also seek to limit the executive compensation in health insurance companies and also encourage them of limit administrative costs. It also makes a funding provision to the states to review increase in insurance rates that are unreasonable.
This healthcare reform brings a welcome help to the wallets of middle and moderate income households and will significantly reduce the outflow on account of out of pocket expenses of health insurance. Besides this, most stake holders welcome the provision that allows states to review the premium increases that are deemed unreasonable.
City of Blountstown