Under the ACA, will healthcare be free? Will you be able to keep your doctor, your current healthcare plan and are you saving $2700 per year?
by rmazza on March 21, 2016 - 8:20pm
The official name for “ObamaCare” is the Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA) for short. ObamaCare’s goal is to give more Americans access to affordable, quality health insurance and to reduce the growth in U.S. health care spending. ObamaCare does not replace Private Insurance, Medicare, or Medicaid. ObamaCare doesn’t regulate your health care; it regulates health insurance along with some of the worst practices of the For-profit Healthcare Industry.
Private health plans, including employer group health plans, that don’t meet the standards of the Affordable Care Act and don’t have a grandfathered status may have to be switched to health plans that do.
Everyone is required to have insurance for 2014, allowing some to keep their plans and others to buy new plans with more coverage will unbalance the cost of premiums. It creates two separate pools of healthy and sick people. The healthy people would be more likely to stick with the old plans, which cost less and offer less coverage because they don’t expect to need it. Meanwhile, sick people would buy the more expensive, comprehensive plans. The point of discontinuing plans that didn’t provide adequate coverage was to ensure that if everyone had to have coverage then they would all have to be part of the same risk pool, ensuring that prices were at their most affordable for everyone.