In just one week the main part of Obamacare will begin to kick in. This is the state level exchanges that will allow the uninsured to be covered. Beginning on October 1, people will be able to sign up to get insurance in their state regardless of their health.

Most people signing up on the exchanges will qualify for subsidies based on their income and family size. This means that the cost of insurance will be less than the advertised price.

This is good news. It means that tens of millions of people who are uninsured now will likely be insured in the next year or two as a result of the Affordable Care Act (ACA). However, this is actually the less important aspect of the program. The more important part is that those of us who now have insurance will have real health care insurance for the first time.

Most of the insured get covered through their job. This creates an obvious problem. If they develop a chronic illness, they may be unable to keep their job. Once they are no longer employed, workers will be left trying to buy insurance in the individual market.

Insurers don't want to insure people who are sick. If a person with a chronic health condition applies for insurance in the individual market, they would be facing premiums of tens of thousands of dollars a year, making it unaffordable for all but the very wealthy.

This situation will end with the start of the exchanges. Workers who lose their job because of an illness will still be able to find affordable insurance. This will provide a huge element of security that is currently lacking. In effect, most workers will have true health insurance for the first time.

(read the entire article here)

Views: 64

Comment by H3xx on September 25, 2013 at 12:21am

W00T!

Comment

You need to be a member of Think Atheist to add comments!

Join Think Atheist

Forum

A fun philosophy thought experiment

Started by Davis Goodman in Small Talk. Last reply by Reg The Fronkey Farmer 13 minutes ago. 7 Replies

God's miracle

Started by proudAthiest in Small Talk. Last reply by TJ 18 hours ago. 5 Replies

SOMETHING TO THINK ABOUT

Started by Unseen in Philosophy. Last reply by Sagacious Hawk 13 minutes ago. 38 Replies

Hello fellow atheists :)

Started by browneyedgirl815 in Welcome to Think Atheist. Last reply by Gregg RThomas yesterday. 14 Replies

Events

Blog Posts

An Election & Corruption

Posted by Noon Alif on December 5, 2016 at 7:37pm 3 Comments

Pisces - the fishes

Posted by Brad Snowder on December 3, 2016 at 2:07pm 1 Comment

Services we love!

© 2016   Created by umar.   Powered by

Badges  |  Report an Issue  |  Terms of Service