Florida Health Insurance * NEWS: EDWARDS on Florida Health Insurance * June 2007
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FLORIDA HEALTH INSURANCE NEWS

June 21, 2007 -- Tampa, Fl

Edwards Health Insurance Plan

Democratic presidential candidate John Edwards on Thursday proposed cutting health care costs by overhauling the patent process for breakthrough drugs and requiring health insurance companies to spend at least 85 percent of their premiums on patient care.

The former North Carolina senator offered details of a universal health care proposal he released in February during an appearance at the East Riverside Health Center, a federally funded community clinic.

Edwards' plan would offer cash payments in place of long-term patents for companies that develop certain breakthrough drugs and then reap large profits because of the monopolies those patents provide.

He said offering cash incentives instead would allow multiple companies to produce generic and other versions of those drugs to drive down prices. Campaign officials said the payments could be voluntary for drug companies and would be aimed at spurring the development of drugs that cure diseases.

"Dealing with the health care crisis is about more than just about coverage," Edwards said. "Our health care system is entirely too expensive. We put more money into health care than any country in the industrialized world and we get one of the worst products out in the other end."

He also said his plan would require health insurance companies to spend at least 85 percent of the premiums they collect on patient care, adding that 30 percent of insurance premiums currently go toward administrative expenses and profit. He said New York, Minnesota, New Jersey, Florida already impose similar requirements.

His plan also would require that all Americans sign up for health insurance and would enact various reforms aimed at lowering administrative costs for providers and improving chronic and preventive care for patients. About 47 million people currently lack health insurance in the United States.

Edwards has faced criticism for his universal health care plan, in part because it would raise taxes and could cost $90 billion to $120 billion.

Edwards said his health care proposal would save families up to $2,500 annually.

Edwards said Detroit, where General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group spend $16 billion annually on health care costs and are expected to pay $114 billion in future retiree benefits, is indicative of health care ailments felt nationwide.

"These companies and their unions made a promise to workers," he said. "And that promise was that they'd have health care coverage. And now it's time for the government to meet its share of the responsibility of ensuring that those promises are met."

Edwards previously has proposed that employers be required to provide health coverage to workers or pay into a government fund to support insurance and allow workers to choose among plans.

A rival Democratic presidential candidate, Illinois Sen. Barack Obama (news, bio, voting record), has proposed to provide health care to millions of Americans and more affordable medical insurance, financed by tax increases on the wealthy.

Individual Health Insurance - A Free Consultation

Health Insurance (HSA ACCOUNTS)

The Health Savings Accounts (HSA) is some what new in to the market of health insurance. Health Savings Accounts is based on entirely new concept and provide people with great option for health care insurance.

You should consider buying Health Savings Accounts insurance when you are seriously thinking health insurance as a form of investment. There are some restriction and regulations regarding Health Savings Accounts insurance plan. Different person find different benefits that is useful for them, for example if you are self employed than Health Savings Accounts insurance plan offer you the benefit like exemption from tax, up to the limit of $ 2,700 for individual plan and up to $ 5,450 for family plan.

For childless couple who does not own any health insurance, Health Savings Accounts insurance is good health plan, since purchasing Health Savings Accounts insurance and paying premiums regularly the amount of premiums will be accumulated in to tax free money. This money will be like lottery when after substantial time policy holder becomes old and their children becomes young. Large sum of money they will receive when they are old is really blessings.

Apart from many benefits, Health Savings Accounts insurance is not as famous as required. There are certain disadvantages which make Health Savings Accounts insurance good for certain types of people. Many people will benefit from Health Savings Accounts insurance but they don’t know about it. Slowly the situation is improving and people stated inquiring about Health Savings Accounts insurance. People become more aware about the savings on their expanses which is medical related.

There are many people who opt for high deductible health plan combine with Health Savings Accounts. Now it is generally known that Health Savings Accounts insurance allow people to keep aside before-tax money, which can be utilize for future medical expenditure. This means that if people has Health Savings Accounts insurance and remains healthy than they may accumulate hundreds or thousands of dollar in their Health Savings Accounts at the time of retirement.

About Florida Health Insurance Web Florida Health Insurance Web is an online source of health insurance agents and insurance carriers covering individuals in the state of Florida. Individuals can get insurance quotes, search rates online by city, read current insurance news and events. For a directory and archive of Florida Health Insurance Consultants, a listing of the best rates and free quotes, please visit www.FloridaHealthInsuranceWeb.com.

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