Tuesday, September 26, 2017


https://www.usatoday.com/story/news/2017/09/26/what-happens-now-obamacare-consumers/705229001/



Last Thursday, Republicans’ last-ditch effort to rewrite the Affordable Care Act collapsed. However, most American's health care coverage will not be affected, except the health insurance made by ACA which will be affected. Therefore, this affects people who don't get coverage through an employer or government program (such as Medicare/Medicaid). If an insurer is filed, that will last until 2018. There is only about 1 insurance provider. Prices aren't officially out yet but they are predicted to be 15% higher than this year. Most people are insulated from premium increases because of the premium subsidies available to those earning up to about $48,000. Subsidies will now be made on a month to month basis. Although customers will not be directly affected, insurers do not know how much longer they will be compensated for. The focus of bipartisan efforts has been on funding and flexibility. Democrats like the idea of cost-sharing reduction payments, while Republicans would like to make it easier for states to change insurance regulations and allow people to buy insurance that covers half of the cost if they don't have as much money or if they don't want full insurance. The failure of the GOP repeal bills means the ACA’s funding for states to expand Medicaid eligibility continues. Within a decade, 70% of people made newly eligible by the ACA will live in states that have expanded Medicaid.

I personally believe that it is not the best change that could have been made because people depended on it a lot. Although it's better for only a small portion of the nation to be affected, I still believe the people who depended on it might be in trouble once it's gone. 

Questions:

  1. How do you feel about this change? 
    • Is it what you expected it to be like? Is it worse/better?

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