A hot topic in the U.S. and the world at large right now is fighting the high cost of healthcare.
In the United States, a polarizing issue is the Affordable Care Act,
better known as "Obamacare." There are many people up in arms about the
future of healthcare in America. There are many components of the
Affordable Care Act that are widely misunderstood by many citizens.
Here's a look at five things you need to know about Obamacare and why
it's not as scary as you think.
It Doesn't Replace Private InsuranceContrary to what many citizens may think, Obamacare is not replacing private health insurance,
Medicaid or Medicare. The Affordable Care Act works hand in hand with
private insurance by regulating insurance practices, giving citizens
affordable options and making sure that every American citizen has
access to affordable healthcare. Without private insurance, the
Affordable Care Act would not work. There is no specific "government"
plan; you are free to select whichever plan you desire.
Obamacare Regulates Insurance Company PracticesOne
of the restrictions that will be put into place includes enforcing a cap
ceiling on what insurance companies can charge in terms of premiums.
Other terms include the removal of pre-existing condition clauses, in
which an insurance carrier refuses coverage due to an existing health
condition. By regulating insurance company practices, the Affordable
Care Act is helping to lower healthcare costs and help protect the
financial well-being of American citizens.
Healthcare Exchange Provides More OptionsThe
healthcare exchange that comes alongside the Affordable Care Act will
provide a diverse selection of policies to choose from. Citizens can
select from free or low-cost insurance coverage, or opt for a
higher-priced plan from a private health insurer. Obamacare is not
stripping citizens of their liberties, as many people believe, it is
actually giving them more choices and protecting their wallets in the process.
Obamacare is Projected to Lower the Deficit, Not Raise ItA
complaint many taxpayers have is that they believe the Affordable Care
Act will increase the already-enormous deficit. The reality is much
different than this belief, however. By the year 2022, the American
people will have saved $84 billion as a result of Obamacare. The reason
for the massive savings is due partially to the cap being placed on
insurance carrier premiums, along with a number of other factors,
including offering more low-cost options to cash-strapped Americans, as
opposed to going without insurance.
In 10 Years, Obamacare Will Insure 30 Million More CitizensIn
today's society, a big complaint from many consumers is that they
cannot afford health insurance on their present salary. Obamacare puts
an end to this complaint. By offering a variety of low-cost options,
citizens who previously couldn't afford health insurance now have access
to a variety of choices. It has been estimated that by the year 2022,
more than 30 million additional citizens will be insured thanks to
Obamacare.
The Bottom LineThere are many misconceptions
surrounding the Affordable Care Act. The purpose of the act is to put
regulations and restrictions on insurance companies so that Americans
can better manage their healthcare costs.
This is done in order to protect the American people, not hinder them
or encroach on their liberties. The Affordable Care Act provides
budget-friendly choices and keeps insurance companies from increasing
premiums past a certain level, while also restricting other pre-existing
condition clauses. By making health insurance more affordable,
Obamacare aims to improve the quality of life of millions of Americans,
while also protecting their financial well-being.
Nice Obama talking points!! Give us a freaking break!!
ReplyDeleteExactly, Preston!
ReplyDelete