Tuesday, June 30, 2009

A $851 Million Dollar Upgrade to Health Centers

On June 29, First Lady Michelle Obama announced the release of $851 million dollars in grant money to aid our failing community health centers. This money will address the immediate and pressing need for new health facilities, equipment, supplies, and staffing. These awarded grants will help increase access of health care for millions of Americans.

"The American Recovery and Reinvestment Act provided these grants to support health centers across the country. The Recovery Act Captial Improvement Program (CIP) grants will support the construction, repair and renovation of over 1,500 health center sites nationwide. More than 650 centers will use the funds to purchase new equipment or health information technology (HIT) systems, and nearly 400 health centers will adopt and expand the use of electronic health records."

For the full artice, visit:

http://www.whitehouse.gov/the_press_office/First-Lady-Michelle-Obama-Announces-Release-of-851-Million-from-Recovery-Act-to-Upgrade-and-Expand-Community-Health-Centers/

The Captial Improvement Program grant is the third in a set of health center grants provided through the Recovery Act. On March 2, President Obama announced grants worth $155 million to establish 126new health center sites. On March 27, The Department of Health and Human Services also awarded $338 million in Increased Demand for Services grants for health centers. A total of $1.344 billion dollars in the last four months. These grants will help to upgrade and expand community health centers which will in turn to able to provide better quality health care to more patients.

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Tuesday, June 23, 2009

The Pharmaceutical Companies Will Bend, But Won't Break

Today, President Barrack Obama announced an agreement with the pharmaceutical companies to provide $80 billion dollars in prescription drug discounts for seniors on Medicare Part D over the next 10 years. This agreement will help reduce the cost of prescription drugs for millions of American's elderly. As part of the upcoming health care reform legislation, drug manufacturers that participate in Medicare Part D will either pay a rebate to Medicare or offer a substantial discount of at least 50% on the negotiated rate of prescription drugs.

This legislation will aid the seniors who fall into the Medicare "doughhole" gap in coverage, between $2,700.00 and $6,153.75 which is not covered by Medicare. This agreement was introduced by Senators Max Baucus and Chris Dodd as well as AARP President Barry Rand, who called this plan a "new opportunity" for those who have been burdened by the costs of prescription drugs.

Individuals who are looking for Medicare Advantage plans or have questions about new health care reform legislation, please visit www.gizmohealth.com or call 1-312-884-5150.

Monday, June 15, 2009

New Dependnet Information in Illinois

Dependents on an application can not be declined for coverage, regardless of health status, if the parent is offered coverage. Although they can not be declined, underwriting can still rider and/or rate up the dependents.

The New Illinois Dependent Underwriting Guidelines are as follows:

1. As of 6/1/09, health insurance carriers will not decline any dependents in the state of Illinois, regardless of health status. This includes new applicants submitted as of 6/1/09, as well as any applicants that are already submitted and are in the underwiring's queue period.
2. Underwriting can and will still rider and/or rate up the dependents appropriatily based on the applicant's risk.
3. Child only applications are not impacted, the health insurance carriers can still decline for health conditions on a child only application.
4. If the primary (and spouse if applicable) are declined, the dependents can then be declined as well. The health insurance carriers are only obligated to offer coverage to the dependents if the parent or parents are both approved and offered coverage.

You compare and apply online for health insurance in your state, please visit www.gizmohealth.com.

President Obama Delivers Speech on Health Care Reform

This afternoon, President Obama delivered a speech on health care reform to the American Medical Association in Chicago. President Obama wants a health care reform that will allow almost 46 million unisured Americans the opportunity to obtain quality, affordable health insurance coverage. This new reform would focus on preventive care and would not exclude or deny individuals based on their pre-existing conditions.

President Obama has suggested maintaining both a private and public health insurnace sector. Americans will have the chance to decide what coverage they want. If they like their current policy or are on their employer's policy, they don't have to change anything. Everything will stay the same (As President Obama stated "keep it." But, if you are self-employed or without current health insurance coverage, you will be able to elect the Health Insurance Exchange option. This public "Exchange" option will offer a series of different benefit packages primarily focusing on consistent preventative care services.

The White House is concerned with the current status of our health care system and illustrated this problem with a series of scary statistical facts. "If we fail to act, one out of every five dollars we earn will be spent on health care within a decade. And in 30 years, it will be about one out of every three -- And if we fail to act, federal spending on Medicaid and Medicare will grow over the coming decades by an amount almost equal to the amount our government currently spends on our nation's defense. It will, in fact, eventually grow larger than what our government spends on anything else today." Quoted by President Obama.

To read this entire article, please visit http://www.whitehouse.gov/blog/Why-Reform-Why-Now/

To research, compare, and apply for individual and group health insurance coverage, please visit www.Gizmohealth.com

Wednesday, June 3, 2009

Press Release for the White House: Health Care Reform

The White House Council of Economic Advisers released a report titled The Economic Case for Health Care Reform, detailing how theeconomy is going to be affected by the raising cost of health insurance in America. Christina Romer, who holds a chair in the CEA, stated that:

Years of diagnosis on the ills of the U.S. health system have produced no cure. Health care expenditures in this country are currently represents 18% of the Gross Domestic Product (GDP)and, without new health care reform,it will continue to increase. The CEA predicts that nearly one-third of the GDP's budget will be dedicated to the health care in the United States by 2040.

Currently, about 46 million American lack health insurance coverage, and this number is predicted to rise to 72 million in the next thirty years. With these new health care reforms, several aspect of the GDP will be positively impacted including the deficit, unemployment, standard of living and even the labor markets.

For a full version of this Economic Case for Health Care Reform, click on the link below:

http://www.whitehouse.gov/assets/documents/CEA_Health_Care_Report.pdf