Health care has always been a struggle in the United States. The health and well-being of a nation are very important. In the recent years, the cost of health care has increased significantly. Sadly, in our country, there are many who can’t afford to provide health care for themselves and their families. High medical costs have led to an increase in United States bankruptcies. There is less price competition in the health industry than any other industry. People normally don’t price-shop for doctors, lab tests or procedures as they would for buying a computer. Discussions among politicians and leaders in the healthcare industries have been ongoing for decades. All agree that changes are needed in the health care industry.
Many aspects of …show more content…
Individuals are required to get and keep major medical insurance or pay a fee each month there is no coverage. Also, this law made changes and improvements to care for specific groups such as women, seniors, and those who did not previously qualify for Medicaid. Medicaid is now expanded to cover many more Americans. As a result of the Affordable Care Act, individuals now have help with out of pocket cost and are able to shop around for competitive premiums through more private coverage options. Under ACA, individuals are not denied coverage or treatment for pre-existing conditions. Women will not be charged higher premiums than men, and young adults are allowed to stay on their parent’s plan until 26. For seniors, Medicare improvements include expanded free preventive services and cost cuts to wasteful spending. http://obamacarefacts.com/obamacare-pros-and-cons/ Businesses with less than 25 full time employees can receive tax credits for up to 50% of their employees’ health insurance premium costs.
Many aspects of …show more content…
Individuals are required to get and keep major medical insurance or pay a fee each month there is no coverage. Also, this law made changes and improvements to care for specific groups such as women, seniors, and those who did not previously qualify for Medicaid. Medicaid is now expanded to cover many more Americans. As a result of the Affordable Care Act, individuals now have help with out of pocket cost and are able to shop around for competitive premiums through more private coverage options. Under ACA, individuals are not denied coverage or treatment for pre-existing conditions. Women will not be charged higher premiums than men, and young adults are allowed to stay on their parent’s plan until 26. For seniors, Medicare improvements include expanded free preventive services and cost cuts to wasteful spending. http://obamacarefacts.com/obamacare-pros-and-cons/ Businesses with less than 25 full time employees can receive tax credits for up to 50% of their employees’ health insurance premium costs.