The Many Problems of Obamacare

2055 Words 9 Pages
As our country advances in the medical field, the costs of American healthcare expenditures are drastically increasing and the number of people purchasing medical coverage is declining. The United States healthcare system in contrast to others is recognized to be the most expensive and as a result more than fifty million American citizens are left uninsured, given the low income rate (Garson 1). Those who, in fact, purchase coverage are not properly protected, therefore other individuals do not bother wasting their money and purchasing healthcare. As soon as individuals are in need of medical attention, they happen to struggle with the preexisting conditions they suffer from because they cannot afford the desired aid. It is safe to say …show more content…
As a result of enacting the Affordable Care Act, insurance costs will increase because the government will offer universal healthcare. This requires an exorbitant amount of “new [medical] technology [which] will increase efficiency; the cost of new tests and treatments will outweigh the savings”, consuming millions of dollars (Whelan). Therefore the price of healthcare will increase in order to cover all these expenses needed to contribute to the nation’s overall health. Without the Affordable Care Act in effect, the current annual average expense of healthcare insurance is estimated to be around $5,600 per person, an increase compared to $4,255 in 2010 (Kaiser Family Foundation). After the recession that began in 2007, “the government expects that the growth of healthcare spending will outpace the expansion of the economy. By 2020, 1 of every 5 dollars spent in the U.S. is expected to go to healthcare” (Levey). This thus proves that as time passes the amount of healthcare is going to increase, but precise expenses cannot be predicted since it will be evident in the following years to come. Once the law officially takes effect in 2014, it will raise the costs of specific insurance policies known as premiums. Imposed in Section 1201 under the new law, the price of premiums may vary when offered to individuals based on four different factors: age, tobacco use, self-only coverage versus
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