ObamaCare: Why Should You Care?

Y
Young Professionals of ChicagoYoung Professionals of Chicago
Obamacare:Why Should You Care?,[object Object],Presenters:,[object Object],Jermaine Paul / Danyale Ellis ,[object Object],Art Estler / Anwer Kahn,[object Object]
State of Healthcare,[object Object],Increasing Uninsured Population,[object Object],[object Object]
Non-elderly adults make up the largest percentage of the uninsured
80% of uninsured are comprised of individuals from working familiesUnsustainable Rising Cost,[object Object],[object Object]
16.2%  of the Gross Domestic Product (GDP)
Aging population
Overutilization of services
Medical bills are the #1 cause of bankruptcy
Increasing number of medical errorsUnderinvestment in prevention and public health,[object Object],[object Object]
Poor personal choices,[object Object]
The Solution Cont.,[object Object],Health Insurance Exchanges,[object Object],[object Object],Subsidies available for  families between 100% -400% of the federal poverty level,[object Object],Separate exchanges for small businesses,[object Object],Tax credits will be made available to companies,[object Object],Insurance Companies,[object Object],[object Object]
Insurers required to provide coverage for non-dependent children up to age 26 under their parents’ plan
Bans annual caps and  lifetime maximums on coverageElectronic Health Information Technology Investment,[object Object],[object Object],[object Object]
Cuts the deficit by $143 billion in the first 10 years
Cuts the deficit by $1.2 trillion in the second 10 years
Reduces annual growth in Medicare expenditures by 1.4 percentage	 points per year,[object Object]
Financing,[object Object],Medicare Payroll Tax,[object Object],[object Object],Excise Tax ,[object Object],[object Object]
10% excise tax on indoor tanning services
Beginning in 2013, medical device manufacturers will pay a 2.9% excise tax on the sale of any product,[object Object]
In 2014, new fees will be imposed on health insurance companies based on market shareEnhance Fraud Abuse Checks,[object Object],[object Object],[object Object]
FQHCs Role in ObamaCare,[object Object],You may be asking yourself, “How does FQHC’s relate to the Healthcare bill?” The current healthcare system does not have the capacity to serve the anticipated millions of individuals who will transition from uninsured to insured once the law goes into effect. Thus, President Obama has and will invest in community health centers to take on a large percentage of the care.,[object Object]
Federally Qualified Health Centers,[object Object],[object Object]
Receive Federal Grant: Section 330 of the Public Health Service Act
Administrated by Health Resources and Services Administration (HRSA)
1,200 centers nation-wide
Serve over 18 million patients
Over a dozen located in Cook County,[object Object]
Primary Care
Case Management
Transportation
Dental Care
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ObamaCare: Why Should You Care?