Obamacare Essay

817 Words4 Pages
President Obama did his best to lower the price of health insurance for the average American, but as time goes on and the full effects of the Affordable Care Act are felt it’s difficult to tell if his vision has been successful. Now more commonly known as “Obamacare”, this legislation was introduced in the House as the “Service Members Home Ownership Tax Act of 2009”, where it passed in September. The bill made its way to the senate, where it was discussed and amended near the first half of the year 2010. TimeINC.com reports neither the house nor the senate had a majority vote either way on the matter, but both votes were extremely close and difficult to predict. In the end, President Obama took matters into his own hands and signed the…show more content…
First, he points out that Obamacare rates are going way up. He states that according to the latest estimate from the federal government, the average midlevel Obamacare plan will cost at least twenty two percent more in 2017 than it did in 2016. This is the most popular plan bought across the country, and as such it will affect a variety of people and households. He does point out that this rate varies depending on where you live throughout the country, since rates have increased a whopping one hundred and forty five percent in Phoenix while customers in Providence Rhode Island have seen a mere increase of fourteen percent.
However perhaps the scarier thought to consider is that this may not just be a bug in the system. Brad Tuttle, a family finance advisor wrote an article warning that this rise in prices may in fact become a trend. Many insurance companies weren’t able to accurately anticipate how much money they’d be dishing out in claims each year, and now find themselves unable to continue offering coverage unless they continue to sharply increase their rates for the foreseeable future.
Perhaps the saddest part about these high prices are the people who will most feel the effects of the impossible costs. For the average healthy citizen, it is relatively easy to switch plans or providers in an effort to receive an optimal rate. Those who are already sick and injured, however, won’t have as easy a time of it. These people have

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