Obamacare or Affordable Care Act: The Pros and Cons Revealed
Obamacare or Affordable Care Act: The Pros and Cons Revealed is a comprehensive article that discusses the advantages and disadvantages of the Patient Protection and Affordable Care (Obamacare) Act of 2010. It highlights the lower overall health costs, the 10 covered essential health benefits, and the fact that children can stay on their parent’s insurance policy until age 26, which are some of the pros of Obamacare. On the other hand, it also mentions the loss of company-sponsored healthcare and the fact that many private health insurance policies were canceled as some of the cons.
The article encourages readers to research, carefully weigh the pros and cons, and make an informed decision.
Obamacare, or the Affordable Care Act, is a hot topic for debate, not only with the Republicans and Democrats. Many people in America feel the Patient Protection and Affordable Care (Affordable Care Act) of 2010 has done more to hurt American citizens than to help them. On the other end of the debate are the Americans who feel the plan is working well and should remain. Below, you will find a list of the pros and cons of Obamacare revealed so you can make an informed decision.
Pros of Affordable Care or Obamacare Act 2010
Pro: Lowers Overall Health Care Costs
The biggest advantage of Obamacare seems to be the lower overall health costs. It is said to do this by providing insurance for millions of Americans and making the care that prevents serious illnesses free. This cuts healthcare costs by treating problems before they become serious enough to land you in the emergency room, where the cost of care is exceptionally high.
Pro: 10 Covered Essential Health Benefits
The ACA, Affordable Care Act, mandated that all insurance plans cover what is considered to be the ten essential health benefits. These benefits include addiction, chronic diseases, and treatment for mental health issues as well.
Pro: Children Covered Until Age 26
One of the major advantages of Obamacare is that children can stay on their parent’s insurance policy until age 26. As of 2012, more than three million uninsured young adults were put back on their parent’s policies, saving themselves and insurance companies money.
Cons of Affordable Care or Obamacare Act 2010
Con: Loss of Company Sponsored Healthcare
It is estimated that three to five million people lost their company-sponsored healthcare due to the implementation of the Affordable Care Act. Many businesses decided that paying the penalty was cheaper and their employees would be better off purchasing their insurance plans on the exchange, which cost many people health insurance coverage through work that they had been happy with for years.
Con: Private Health Insurance Canceled
Many insurance companies found they couldn’t afford to cover the ten essential health benefits and canceled many of their plans. For those who lost their private health insurance, replacing the insurance came at a high cost.
These are just a few of the pros and cons of the Affordable Care (Obamacare) Act and what it has done for or to America, according to your stance on the issue. Do your research, carefully weigh the pros and cons, and then make an informed decision. {Source: www.TheBalance.com}
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Jennifer Coburn, STAT’s Director of Marketing, is a U.S.-based national provider of credentialing, payor enrollment, rate negotiation, and other credentialing-related services.