Understanding “Obamacare”

In light of the recent Supreme Court ruling, the Patient Protection and Affordable Care Act, commonly referred “Obamacare,” has had quite a lot of Americans talking about it. I find that most people are not even quite sure as to what the bill actually does and who it actually affects. Due to this lack of clarity, I sought out to answer their, and, truth be told, my, questions about this statute.

Put into incredibly simple terms, the bill’s goal is to somewhat mirror the “free” healthcare programs that are seen in other nations, like Sweden, the United Kingdom, and Norway, while attempting to fill in some loopholes that many insurers have been exploiting relentlessly. The act affects many Americans, from assisting those denied coverage due to preexisting conditions, to allowing dependents to stay covered under their provider’s health care provided until they are 26 years old. Panama The act does, however, force insurance companies to now compete with the government, a very frightening prospect for many. The bill may also increase the cost of health insurance to employers, forcing them to work that cost into their businesses.

Within only a couple of years, the act will end the current practice of denying coverage of people with pre-existing conditions, and also prohibiting insurers from denying coverage or setting rates based on health status, medical condition, claims experience, genetic information, evidence of domestic violence, or other health-related factors, and setting a cap on the amount the rates can exceed the normal rate (the rates will vary depending on non-health situations such as geography, family structure, and age).

These are only the reforms that are going to be implemented in the near future; countless more reforms of the health care system are scheduled to take place throughout the decade, with the final stages taking place in 2020. Numerous programs will be started up to aid all parts the middle and lower classes, such as the Elder Justice Act which aims to prevent and eliminate elder abuse, neglect, and exploitation in long-term facilities.

In closing, the Patient Protection and Affordable Care Act aims to ensure that no one is left out in the cold when it comes to paying for serious medical procedures. The act can really only be a positive thing for the nation as a whole. It has already had a good start and the most ambitious parts of it are still to come.

Source: http://dpc.senate.gov/healthreformbill/healthbill04.pdf