What The Media Didn’t Tell You About ObamacareBy Divya G
The Affordable Care Act, which has become known as Obamacare, has been a hot topic for the past several years. From its inception to its implementation, and subsequent repeal, it’s a law that is constantly changing and evolving. It can often be difficult to stay aware of all of the changes that take place in and affect this law. That’s especially true when you are a business owner who wants their business to survive.
Here are a few things that the media doesn’t tell you about Obamacare:
1. The ACA requires everyone who is not insured through an employer or public program (i.e. Medicare, Medicaid) to purchase their own insurance plan from a private company on one of the state or federal exchanges.
2. For those who qualify based on their income, the ACA also provides subsidies. This way, they can afford to buy their own plan.
3. For people with pre-existing conditions, the ACA provides some protections. Hence, they can purchase health insurance without fear of being denied or charged more than others who are healthier and less at risk to develop certain diseases.
4. The ACA helps reduce the number of uninsured and under-insured Americans by making it illegal for insurance companies to deny coverage to those with pre-existing conditions and by decreasing the uninsured rate in America from 18% before Obamacare was signed into law to 11% today.
Obamacare has provided people with a whole slew of benefits, but most of them are unaware of its true potential. All the above-mentioned were included because they are some of the lesser-known benefits of Obamacare.