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Florida Health Insurance Report Says $634 Billion Will Overhaul Health Care


Everyone in Florida agrees that health insurance needs to be easily accessible and portable, like auto and home insurance. The question facing us is how to get there and how to pay for it.

If you’re recently unemployed, or work for a small business that offers no health plan, or someone in your family has an existing illness known as a “pre-existing condition,” your main concern might be how to get health insurance. Morgan Moran, a Florida health insurance consultant said, "The President has heard you, and has delivered 634 billion for health care- This is great news for Florida and for America.”

“The Obama plan targets new spending on a variety of health initiatives, and seeks a $630 billion ”reserve fund“ over 10 years to finance a health-care overhaul effort. The reserve would be funded through Medicare savings and tax increases.” The plan targets fraud and abuse in Medicare and Medicaid - proposing $1.7 billion by 2014. In total, HHS would get $76.8 billion, excluding mandatory spending on Medicare and Medicaid, down from the $78.4 billion projected spending in the current year.

The president said during his first televised Address to Congress that America, “can no longer afford to put health care reform on hold.” Moran said “the president is going full steam ahead”. Some of the new ideas in the Obama plan include $1 billion dollars to expand community-based programs aimed at preventing disease and encouraging healthy behavior.

According to the health insurance broker, “seven million Americans who lost their jobs will be eligible for a federal subsidy of as much as 65% to help pay Cobra premiums so they can keep work-based insurance.” Just last month Congress passed legislation to expand the federal-state Children’s Health Insurance Program, and the stimulus package included another $19 billion to computerize the nation’s health records.

Other new additions to the health care plan included $1 billion for the Food and Drug Administration’s food safety oversight. The president hopes to reduce the number and duration of outbreaks of food-borne illnesses by targeting $1 billion more for the FDA, which regulates most non-meat items. Among other things, the money would be used to step up inspections of food facilities.

The Florida health insurance consultant said, “the budget plan includes an increase of more than $1 billion a year to improve school lunches and other nutrition programs for children and low-income pregnant women.” It also includes more funding to improve the National Organic Program, which certifies organic food.

During his campaign, the centerpiece of his health reform effort was to set up a new health insurance plan, similar to the Federal Employees Health Benefits Program. It would be open to all, with “affordable” premiums and co-payments.

Obama plans to fund his $634 billion health care plan through higher income taxes on those making over $250,000 - a substantial increase in tax for those households, as well as for small businesses who file under the individual tax code. President Obama has said he will consider all proposals.

To find out more about the president’s health insurance proposal visit, Florida health insurance web.


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