The U.S. health care reform law is accused of being beneficial to the poor, and Chinese small business owners can benefit article cover image
News/Community Wire/Archive/Jul 2, 2012
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The U.S. health care reform law is accused of being beneficial to the poor, and Chinese small business owners can benefit

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The U.S. health care reform law is accused of being beneficial to the poor, and Chinese small business owners can benefit China News Service, July 3 According to the US "Qiao Bao" report, U.S. President Obama's health care reform bill...

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This law forces all people to buy medical insurance starting in 2014, otherwise they will be fined. During the implementation process, the health care reform law will also face many uncertainties. If someone does not buy medical insurance, who will enforce the law and how will they be fined? The health care reform law has expanded insurance coverage and will add more than 30 million people, which will inevitably increase the burden on the medical insurance system. As the federal finances are already very difficult, the unsustainability of the medical insurance system will inevitably become more obvious.

According to estimates from the U.S. Federal Department of Health, approximately 2.7 million Asians and Chinese will receive free physical examinations due to the health care reform law. In addition, the health care reform law also has several provisions that are beneficial to Chinese and Asian people. For example, children can benefit from their parents' medical insurance plan until they are 26 years old. In the past, they could only benefit from their parents' medical insurance plan until they were 21 years old. This will benefit many Chinese and Asians, and it is estimated that 100,000 people will benefit.

The medical reform law also stipulates that insurance companies cannot refuse insurance to people who are sick. Originally, insurance companies could refuse insurance to some patients with high blood pressure, diabetes or cancer. There are many Chinese and Asian people who are small bosses or businesses. These people can only buy insurance for themselves, but the premiums are very expensive now. The new law stipulates that an exchange market should be opened to bring retail investors together and collectively bid with insurance companies, so that premiums can be reduced, which is good for small owners.

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