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Navigating the new health care law

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  • Description

    Author Betsy McCaughey offers a straightforward and practical approach in 'Beating ObamaCare'

  • Duration 4:54
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This transcript is automatically generated

-- -- -- You once we have fully implemented you're going to be able to by.

Insurance through a pool.

So that you can get the same good rates as a group.

That if you're an employee at a big company you can get right now which means your premiums won't go down.

When I was President Obama on the campaign trail just months ago arguing that his health care law will reduce health insurance premiums.

But now we're learning that insurance rates may actually go up dramatically.

The president's former health care advisor and one of the architects of the health care law is now admitting publicly that it will drive up health care premiums.

Before he claims it will ultimately drive them down.

While the head of Aetna last week suggested that some folks could see their rates almost double in the coming year.

Attorneys now is the author of she's the former lieutenant governor of New York Betsy McCoy.

Who was.

It in my memory the very first person to start talking about.

The president's plans for health gazes back in 09 nobody was talking about -- yet you were sounding this alarm and taking a lot of incoming and hearing the law it.

She's she's the one -- read it.

That's right that.

Look at the dog eared paper -- -- -- -- the -- in Ghana is the new book that actually describes it in simple notes in terms beating Obama that looks much more -- -- yet so.

You.

Did not once it is law passed but it was -- and now you feel like people need a guide to how to navigate around it.

-- navigate the pitfalls of it including specifically let's talk about it -- let's start with premiums because that's what's in the news that premiums are already up and they're going up higher.

That's right and there's a simple reason there is no Tooth Fairy hot and the new federal rules some of which have already rolled out.

Our compelling all insurance companies to offer preventive care without a co pay or deductible.

So you when you -- to get your mammogram or your colonoscopy you don't pay extra because it's in your premium.

There were requiring the children stay on their parents' plans until age 26 well the more you require insurance companies to cover.

The more you have to pay for that plant and so that's what premiums -- already gone up a bit but you're gonna see.

Very large increases in some states like.

Ohio and Iowa and Idaho and Arkansas and Arizona because states that had.

-- Reasonable rules to keep costs down by.

Have had very low premiums compared with states like new York New Jersey and Vermont that have premiums more than twice as high as those other states.

But now the new federal rules that will come into play in 2014.

Are gonna make all the states followed the same rules.

And those rules guaranteed access community rating which means insurance companies have to.

Sell the -- to the sick person in this healthy person for the same rate that's -- reiterate -- all kinds of mandates what it.

Out coverage -- up a lot of people worried about losing their plan their doctor.

Talk about that that's right wolf first of all most Americans get their health insurance at work through their own job -- spouse's job.

But in 2014.

They -- a big risk of losing -- coverage because in 2014.

Employers with fifty or more and full time employees.

Have to provide coverage and not just any coverage it has to be that one size fits all government designed plan.

The costs about twice as much as what many employers currently offer so employers are gonna say I can't afford that I'm gonna pay the penalty instead or.

I'm gonna push my full time employees stand to part time status.

To a dangerous -- entirely.

And six people could lose their jobs because you don't do not -- by obamacare can do that.

That's exactly right and many of the big management consultants are predicting that between a third and a half of employers are gonna drop coverage.

That that doesn't mean that -- be uninsured you won't have that option you will have to go to a state insurance exchange in less.

It unless you were very low income and and right you have to get -- coverage and how are you of course when you fight any time that you must attach proved.

That you have coverage and how happy I only have thirty seconds -- how to how does the -- tell people how to navigate.

-- well there's a whole chapter just on what you're gonna do what your options are if you lose coverage at work.

What seniors can do to protect themselves they're gonna bear the brunt because more than half this law is paid for by cuts to Medicare.

And seniors have already been warned that some hospitals literally -- stop taking Medicare.

We're all seniors go when their local hospital stop taking Medicare and so lots of those -- -- in this spot.

Well this does look -- area I generalist not scary it's -- what a 150 pages that you know you can do that Betsy thank you so much thank you pleasure having him.

Doctor Betancourt.

Coming.

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