Of all forms of medical coverage, the individual health insurance market stands to see the most reform once the new health care bill really gets rolling.
And among other things, there is some concern that changes to the market will eliminate jobs. Meanwhile other market analyists suggest that jobs will be created in the implementation of the bill.
So whose right? Well, in many ways both of them are.
SFGate.com addresses concerns regarding the health care bill, the individual health insurance market, and how jobs will be effected in coming years.
In sum, it appears that there will be some forms of employment that see benefits, but changes could also have negative implications as well. It just depends on what you do and how you are currently managing your health care.
For example, while the new requirement that all Americans purchase some form of medical coverage (due to take effect in 2014) will have both positive and negative ramifications for insurance agents. There will be 32 million people out there looking to buy insurance, but with insurance exchanges on the way designed to help people find affordable individual health insurance on their own, agents may find that a lot of business has gone elsewhere.
Similarly, the self-employed may now find it easier to shop for coverage on the individual health insurance market once insurance exchanges are established. However, for those self-employed people who already pay for low-cost “catastrophic” coverage new laws mandating a minimum of benefits may make such plans obsolete.
The feeling of the article is that with such drastic change on the horizon there will be ways to benefit and ways to lose out. In some cases certain professions will do both.
However, for those whose financial success has been hampered by high insurance costs, regardless of what they do, the projected lowering of medical coverage prices will likely benefit them regardless.
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