Certainly everyone in America today is aware that President Barack Obama is in the process of pushing through a new stimulus package to help boost the economy. The issue at hand, however, is exactly how this package will work and how it will affect Americans in their everyday lives.
Recently brought to our attention is the $100 billion dollars in this new stimulus package that is designated to the health care industry. The President has promised to improve the health care system in the United States and to closely monitor and regulate the health insurance industry.
The $100 billion that is designated for the health care system will go to increase benefits for the unemployed and to help improve the U.S. health care system, which in turn should also help boost the failing economy.
Of the money designated for health care, $87 billion of it will go to increase the federal share for Medicaid, the state and federal health care plan for the poor, which will help to take some of the pressure off the states to pay their share. $25 billion will be put into COBRA over the next 10 years. This program helps people to carry their insurance benefits after losing their jobs. $17.9 billion will go into the health information technology industry to help the transition from paper filing and medical records to a completely computer based system. Under this part of the plan, any provider who has 30% or more of their patients on Medicaid will receive a bonus of 85% of their costs. Therefore the plan will be encouraging doctors to take on Medicaid patients.
It is good to know that the stimulus package is expected to pass. In addition to the benefit of boosting the economy, many of our citizens who need the help the most will be able to receive benefits. However, it should not be overlooked that even though we all want the economy to improve, each of us needs to see some positive changes in our own lives as well. - 15275
Recently brought to our attention is the $100 billion dollars in this new stimulus package that is designated to the health care industry. The President has promised to improve the health care system in the United States and to closely monitor and regulate the health insurance industry.
The $100 billion that is designated for the health care system will go to increase benefits for the unemployed and to help improve the U.S. health care system, which in turn should also help boost the failing economy.
Of the money designated for health care, $87 billion of it will go to increase the federal share for Medicaid, the state and federal health care plan for the poor, which will help to take some of the pressure off the states to pay their share. $25 billion will be put into COBRA over the next 10 years. This program helps people to carry their insurance benefits after losing their jobs. $17.9 billion will go into the health information technology industry to help the transition from paper filing and medical records to a completely computer based system. Under this part of the plan, any provider who has 30% or more of their patients on Medicaid will receive a bonus of 85% of their costs. Therefore the plan will be encouraging doctors to take on Medicaid patients.
It is good to know that the stimulus package is expected to pass. In addition to the benefit of boosting the economy, many of our citizens who need the help the most will be able to receive benefits. However, it should not be overlooked that even though we all want the economy to improve, each of us needs to see some positive changes in our own lives as well. - 15275
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