Insurance Health Insurance

The Insured Under ObamaCare

The Insured American Under ObamaCare ObamaCare (officially termed the Patient Protection and Affordable Care Act or PPACA), at first scan, appears to be exceptionally tough on the insured person.
Let's take a look at the balance of pros and cons at first glance.
Pros
  1. The addition of many new costumer benefits as well as consumer protections.
Cons
  1. The increased price of health insurance might just equalize the new user benefits and protections, leaving the insured citizen exactly right where they were before ObamaCare.
    (The remainder of the cons underneath are truly more or less an enumeration of these expenses.
    )
  2. Those with insurance from an employer may have their plans dropped on account of escalating pricing.
  3. The penalty for making non-allowable purchases will rise to 20%.
  4. The money an employer will be able to add to any Flexible Spending Account will become capped at $2,500.
    Historically, there has been no established limit on these particular accounts, although it was a regular strategy for an employer to assign one at $5,000.
  5. Those on Medicare will see their benefits diminish on account of ObamaCare's spending cuts.
    Spending cuts mean lower reimbursements for health care services, effectively disincentivizing medical professionals from taking Medicare.
    (Just in case that all was like giberish to you, please stand by.
    We'll be going through a series of pieces shortly where we'll outline the reimbursement process and information about how health insurance pays for health care.
    )
  6. Those on Medicaid may see the level of health care accessible to them considerably degraded.
    The program could very well be flooded by the high number of new enrollees, shrinking every single end user's piece of the proverbial pie.
From this list, it seems as though ObamaCare is out to get Americans who came into the program with coverage.
It's not as convenient as that though.
The cons are sacrifices that the Obama administration decided are worth making for the pros, specifically the consumer benefits and protections.
Time alone will tell where the equilibrium will actually rest.
Irrespective of how we truly feel about ObamaCare in its entirety, it's critical to bear in mind that it's not only about spending and cuts.
ObamaCare does indeed endeavor to generate a sustainable situation.
It just turns out that people possess what would seem to be impossibly opposing views of what way the act will likely play out.
A great resource I have found is The ObamaCare Survival Guide by Nick J.
Tate.
Much of my initial research was done with this book.
SHARE
RELATED POSTS on "Insurance"
Warning - Ignoring Expat Health Insurance is Dangerous to Your Wealth!
Warning - Ignoring Expat Health Insurance is Dangerous to Your Wealth!
A Short Guide to Health Insurance
A Short Guide to Health Insurance
Paying Medical Bills
Paying Medical Bills
Medical Care Options For Uninsured Americans
Medical Care Options For Uninsured Americans
Self Employed Health Insurance - Things You Need to Know
Self Employed Health Insurance - Things You Need to Know
Consider Encryption to Safeguard Your Data in Implementing HITECH Act
Consider Encryption to Safeguard Your Data in Implementing HITECH Act
International Medical Insurance
International Medical Insurance
Temporary Medical Insurance Tips
Temporary Medical Insurance Tips
Best Health Insurance - Step-By-Step Guide to Getting the Best Health Insurance
Best Health Insurance - Step-By-Step Guide to Getting the Best Health Insurance
How to Save on Medical Expenses?
How to Save on Medical Expenses?
Health Insurance Premiums - Tips for Getting Them Reduced
Health Insurance Premiums - Tips for Getting Them Reduced
ERISA and Its Amendments
ERISA and Its Amendments
Electroneurodiagnostic Technologist Average Salaries
Electroneurodiagnostic Technologist Average Salaries
Mandated Electronic Claims Filing - Some Insurance Carriers Mandate Electronic Claims Filing
Mandated Electronic Claims Filing - Some Insurance Carriers Mandate Electronic Claims Filing
Advantages of Getting Insured Under Small Employer Group Plans
Advantages of Getting Insured Under Small Employer Group Plans
Comparison of Salary Between an Emergency Medical Technician & a Physical Therapist
Comparison of Salary Between an Emergency Medical Technician & a Physical Therapist
Filing a Health Insurance Claim
Filing a Health Insurance Claim
Finding Affordable Health Insurance - Looking Online Will Save You Thousands On Health Insurance
Finding Affordable Health Insurance - Looking Online Will Save You Thousands On Health Insurance
Cinergy Health Insurance - An Honest Review
Cinergy Health Insurance - An Honest Review
Buying Individual Health Insurance - Time is Critical!
Buying Individual Health Insurance - Time is Critical!
Code Accurately to Reduce Denial of Claims
Code Accurately to Reduce Denial of Claims

Leave Your Reply

*