Health Insurance Spikes in Price
In the wake of the Obama Administration's Affordable Care Act that effectively reorganized the world of health insurance (many say they are either for the better or for the worst) and the inauguration of the Trump administration and the repeal in 2017, many new developments have emerged, many of which seem to suffer even more widely.
For those who might not know it, the Affordable Care Act, in principle, aims to provide health insurance coverage more easily accessible and more comprehensive and complete. It tries to do this with two key changes in the way health insurance plans are offered: it requires companies to offer health insurance if that company employs 50 or more people (individuals can still defer to a open market) suppliers to cover 10 health benefits in each of their plans.
The problem with this is that all eligible citizens must also have a form of health insurance, or they impose a tax (or a penalty – call it what you want ) on them. Many people who have found health insurance unaffordable, even after the implementation of the Affordable Care Act, have often found that paying tax afterwards was less important than paying premiums monthly and to undergo high level franchises. This shift in responsibility for health insurance providers has often led health plans to increase their prices in the open market for those who still chose to have them – or simply could not afford not to have them.
Another problem is that while many people could take advantage of the grants that the Affordable Care Act provides as a result of health care reform, there are those who could do too much hair for to qualify. The standards indicate that a person must do more than 400% of the federal poverty level in order to miss government subsidies, and although that may appear as a high amount, it leaves a significant gap between the qualification for grants and to be what many of us consider as "affluent". A one-person household earns only $ 48,250 a year, and a two-person household only increases that number to $ 65,000. Combine that with the fact that lower insurance premiums are (forgive the pun) at a premium because of the immediate costs offset by the Affordable Care Act, and you have a lot of middle class households who are spending the most of their income.
With more and more healthy people retiring from health insurance to balance the costs, the older and those with relatively limited incomes are forced to take over and pay more. And these costs seem to be on the rise for the immediate future. Some may be tempted to blame the free preventive care that the Affordable Care Act provides while it also denies the possibility of being denied for pre-existing conditions, leading many 2017 to their doctors' offices almost immediately to ask for help for problems that have potentially long term. Whatever Medicare prices soared around 25% by 2017 ]. And many speculate that with the nickname "Trumpcare" still stagnating in the legislative process, many insurers will cover their bets by boosting prices again in 2018. Some have gone so far as to compare high prices for Many health care policies like being on par with mortgage payments or, as Sharon Thornton said, "buy two new iPads a month and throw them in the trash."