We see hundreds of people having health issues, but they are unable to bear the expenses. This makes life miserable, and people fight the battle against diseases they have been diagnosed with. For this reason, many organizations came into being to help the needy ones.
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What is Obamacare?
Obamacare is known as the patient’s protection and affordable care act of 2010. The primary purpose behind it is to provide health facilities to non-affording patients by lowering the cost.
It is the most far-reaching system of legislation since the social security act of 1935. Its initial target is to minimize the value of the nation’s health care.
Read More: Affordable Care Act (ACA)
There are some pros and cons to this health care program. Let us shed light on it!
Pros of Obamacare
- Expansion in subsidies for middle-class families
- Affordability of health insurance
- More screening is being covered
- Preexisting health conditions of patients will not be denied
- Excluding the drug plan coverage
1. Expansion in Subsidies for Middle-class Families
Obamacare expanded the offerings for middle-class families. Those families who cannot afford highly expensive treatments were benefited from it. To pay for the expanded subsidies, Obamacare program increased the taxes to all health care providers and high earners.
People who were earning $200,000 were due to pay higher taxes. People were charged with a penalty by the Tax cuts and penalty Act who were not paying the taxes.
2. Affordability of Health Insurance
Insurance was instructed to spend 80% of insurance premiums on the health sector. About 16 million Americans obtained health care insurance in the initial five years of ACA.
These insurance facilities were not free, but people got a wide range of health options through this step. The ACA also made sure that there should not be an unnecessary increase in insurance rates.
3. More Screening Is Being Covered
ACA covers preventive services and screenings. These usually have low deductibles and copays. If you are proactive and alert in health care, you may avoid significant health problems.
This will lead to lower costs in healthcare. This is because diseases will be diagnosed at an early stage; it prevents debilitating treatments later. ACA aims to provide quality and less costly services to all Americans.
4. Preexisting Health Conditions of Patients Will Not Be Denied
Cancer is the most expensive treatment worldwide, and that is why many insurance companies denied covering treatment for these diseases. After the existence of ACA, no health issue was rejected because of a preexisting health problem.
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Every citizen got the right to be treated at a low cost, and no one disappointed as before. ACA also instructed that it will no longer be allowed to maintain a present dollar limit on the service they provided.
5. Excluding the Drug Plan Coverage
Obamacare made improvements in healthcare and eliminated the drug plan coverage gap. They gave beneficiaries discount on brand drugs in the coverage gap before eliminating it and offered services in less money. So this was another major advantage of the Obamacare health program.
Cons of Obamacare
- Taxes were increasing after the existence of ACA
- People lost their employment-based health facility
- Slight on people without insurance
- The issue in enrolling to avail the facility
- Lack of knowledge
1. Taxes Were Increasing after the Existence of ACA
Several new taxes were imposed by law to help ACA for the cause of healthcare, including the pharmaceutical sector. People with high-income were also advised to pay a massive amount of taxes.
This was somehow challenging task to get such massive amounts from people. Large tax penalties were also charged if you were uninsured.
2. People Lost Their Employment-based Health Facility
Many organizations found it cost-effective to pay the penalty for their employees. They let their employees purchase the insurance plan by themselves rather than giving them an employee based facility.
Many companies cancelled the ten benefits described by ACA because they were not in a mood to facilitate their employees. Around 3 million people lost their employment after the introduction of this healthcare program.
3. Fine on People Without Insurance
The main target of Obamacare is for people to be insured in a year. If you don’t have an exemption and you are uninsured, you will be charged with a heavy amount of fine. It has been changed, and it will be eliminated in 2019. People claimed that this fine is for government advantage only.
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4. The Issue in Enrolling to Avail the Facility
This program seemed helpful and a huge step for the health sector, but in the initial days, the websites faced technical problems. There was difficulty in enrolling for the program, and it delayed for many days.
In the initial days, the sign-ups were way too lower than expectations. This issue was fixed, but still, some complaints signing up for the deserving ones were a bit tricky.
5. Lack of Knowledge
There was a large group of people who didn’t like the concept of Obamacare. They were unable to understand what it does or how it works. It was mentioned that health law is responsible for 20 million Americans in health insurance.
In 2016, only one-quarter respondents to Kaiser training knew about the poll. Half the population thought that the rate has remained unchanged, while the 21% thought had risen to all time. Many people assumed that this program would result in s death panels to decide the trust on Medicare.
Obamacare’s primary goal was to help the poor soul all over America. It turned out to be a great help for all the suffering people, and expensive medical treatments were made accessible through this Affordable Care Act.
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Senior citizens were also allowed to use this service but lowering the visits to emergency rooms. Shortly, its cost will reduce because of the reduction in health care costs. Although there lacking in the initial stages, buy you agree or not, Obamacare has helped plenty of families to reach the standard of happy living and live a long life like ordinary people.