Obamacare : An Imperfect Fix

1242 Words Jun 3rd, 2016 5 Pages
Obamacare is an Imperfect Fix

Since June 6, 2009, President Barack Obama has told the American public numerous times, “If you like your health care plan, you 'll be able to keep your health care plan.” The public later found out that this was not the case. If your health care plan did not satisfy the minimum federal requirements, then you will disinherit your plan and, you must find another one. House republicans have tried to repeal the bill almost 40 times because they claim it is a major threat to the economic health of the nation. Despite all of the political rhetoric about Obamacare over the past few years, a majority of Americans do not know what it is and how it affects them. While Obamacare does attempt to amend some of the
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On average, premiums rose by 41% throughout the country. (Roy) The subsidies do help to curtail the sting, but it does not do enough, especially for those who earn near 400% of the poverty line. According to David Nather, the subsidies will make sure that about 9.5% of earnings will spent on to premiums. That is much higher than the fine, which is 2.5% of income (Nather page 42). People may not even sign up in the first place because it is more economical if they pay the penalty.

According to David Nather, the bill also plans to set up something called a health exchange. A health care exchange is a virtual marketplace where you can purchase health insurance. It is “Expedia for health care” essentially(page 71). The exchanges were created for small businesses and for people who cannot obtain employer based insurance or they do not want insurance from their employer. Health insurance cannot refuse coverage for pre-existing conditions. The new standards organize the plans into one of four categories. These categories are as follows: bronze, silver, gold and platinum. According to Nather, bronze covers 60% of all health care costs; silver covers 70% of all costs; gold covers 80% and the platinum plan covers 90% of all health care costs. All these values are averages so coverage will vary (Nather page 76). If health insurance companies raise rates too much, they will be removed from the exchange.

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