Why Is Health Insurance So Expensive After Obamacare
Why Is Health Insurance So Expensive After Obamacare. Why are premiums so high for obamacare? The cost of health care just keeps on rising.
Keep in mind, too, that health insurance costs are rising regardless of obamacare. Obamacare also stopped allowing health insurance companies to use your medical history to determine prices. This means those with low incomes are priced out of marketplace cost assistance, but make too much for medicaid.
President obama famously promised that the health law would lower premiums by an average of about $2,500.
Healthcare is a hot topic right now after a couple of failed attempts to repeal obamacare and an executive order that rolled back some of the restrictions on selling insurance. The cost of health care just keeps on rising. Businesses have been putting more of the cost onto employees for years, just to keep their profit margins.
The purpose was to help the ten percent who had no health care but even today there are still the same number of people without healthcare while premiums continue to rise.
This means those with low incomes are priced out of marketplace cost assistance, but make too much for medicaid. Typical smoke and mirrors shell game from the government. How health care got so expensive.
You must make at least 100% of the federal poverty level to qualify for cost assistance.
There are several reasons this occurs, but one of the most important is obamacare exchanges have caused numerous health insurers to break even or even lose massive amounts of money because the. Two reasons, like it or not, that premiums in general and the aca in particular have risen is because a) we have not addressed the underlying cost of healthcare —it is expensive and continues to cost more—and b) the uncertainty brought on by the current attempts to repeal or repeal and replace with a new plan that removes both the individual mandate to obtain health. But whether you are horrified, elated, or indifferent, one fact remains.
Obamacare offered federal and state subsidies based on your income, which means your coverage could be free.
Obamacare is now a tale of two health insurance programs. In fact, medical care now represents nearly 20% of. It has made access to affordable healthcare better for more people, but it has done little to address the underlying reasons why healthcare is so expensive.
The ballooning price of healthcare is largely because of government meddling.
A chief selling point for obamacare was that it would lower the cost of health insurance. All obamacare has done is strip hard working americans of useful health insurance (we had the same coverage for 15 years, since obamacare it has been cancelled twice, the cost is nearly 50% more, and our our deductible is so high the insurance never actually pays for anything) so that insurance companies, giant health care corporations and the government don’t pay for. Obamacare also stopped allowing health insurance companies to use your medical history to determine prices.
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