Bloomberg: Obama Health Gift to Guitarist Adds Adult Kids to Payrolls

Bloomberg: Obama Health Gift to Guitarist Adds Adult Kids to Payrolls

April 5 (Bloomberg) -- When Brian Howell, a 23-year-old Nashville, Tennessee, guitar player, feared a lingering cold had turned into an infection last year, he decided against seeing a doctor. It would have cost too much, he said.

“I decided just to drink a lot of tea and take some Mucinex,” Howell said. “It turned out OK -- thankfully.”

Howell hopes to stop gambling with his health next year, he said. That’s when young adults up to age 26, who aren’t covered by a company insurance plan, will be able to join their parents’ policies under the U.S. health overhaul signed into law last month. The change may save Howell $800 a year in premiums, money he said he plans to put into savings and a diet that’s less dependent on road-tour fast food.

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The Health Care Reform Bill is still in its infancy, however big companies everywhere are already finding loop holes to get around it. The top honchos of companies like AT&T, Sprint, and the health insurance companies decided to find ways to get past specific laws for instance: requiring everybody in the company be insured, accepting kids with pre existing conditions, and other things they don’t like. The kind of discovery from AT&T is that by not providing health coverage to their associates and just paying the Government fee they would really be saving $4.1 billion a year. To me it sounds like the new health care reform bill will again be for making the little guy suffer while the big one gets richer.