Florida Health Insurance Premiums Will Drop

President Obama’s blueprint for the future includes changes for Medicare’s Advantage plan which sent insurance stocks tumbling. Bad news for investors, good news for anyone looking for lower insurance premiums. Morgan Moran, a health insurance expert said “the health insurance stocks are really reacting to the president’s plan to overhaul Medicare”. read more at FloridaHealthInsuranceWeb.com

This week President Obama laid out his plan for the future. His “blueprint” includes more than 600 billion dollars for health care – 600 billion! How this money will be split up is up to Congress, but Florida can expect to get at least 30 billion dollars for health care. This new money is going to have a positive impact on the nation’s health, stock holders in major health insurance companies are not happy.

Already, the top health insurance stocks are feeling the hit on Wall Street. After the president announced his health insurance ideas which include major changes in Medicare, health insurance stocks, took a dive. Humana: down 20% UnitedHealth Group: down 14%. Coventry Health Care: down 14%. Aetna: down 13%. WellPoint: down 10%. Cigna: down 9%

How will this affect your health insurance premiums? Morgan Moran, a Florida health insurance broker said, “the health insurance industry is about to change drastically, and this re-adjustment of stock values may be the first step in a very long journey.”

The health insurance broker believes, "The major health insurance companies are going to have to be more competitive in this new market place, there are going to be new policies offered by new companies, and the old overly-advertised companies like Humana, or Kaiser Permanente will have to lower their premiums to keep their customers.

Moran said, “Imagine having the opportunity to get better health insurance for less money, without worrying about pre-existing conditions - chances are - you are going to change policies.” Moran said, "not only will this companies have to lower their rates to be competitive, they will have to increase benefits as well. That’s good news for us.”

In his Tuesday night address to the nation, the president argued that containing health care costs is essential to economic recovery. Find out more about the presidents plan at one of the links below.

http://www.FloridaHealthInsuranceWeb.com

http://www.barackobama.com/issues/healthcare/

http://www.cbsnews.com/stories/2009/02/26/politics/politico/main4832817.shtml

Contact Information

Morgan Moran

Florida Health Insurance Broker

Florida Health Insurance Web

Contact via E-mail