It seems to me that a lot of people have either forgotten how fast health insurance costs were rising
before ACA...or were protected by their company picking up the increases.
Blaming ACA is the easy scapegoat, but I'm still waiting for some specifics as to what will take its place...if in fact it actually gets changed.
Obamacare Premiums Are Lower Than You Think
Quote:
Since the Affordable Care Act’s (ACA) health insurance marketplaces first took effect in 2014, news story after story has focused on premium increases for certain plans, in certain cities, or for certain individuals. Based on preliminary reports, premiums now appear set to rise by a substantial amount in 2017.
What these individual data points miss, however, is that average premiums in the individual market actually dropped significantly upon implementation of the ACA, according to our new analysis, even while consumers got better coverage. In other words, people are getting more for less under the ACA.
|
While certain aspects of ACA are very popular by a majority (no preexisting conditions, older children qualifying, etc.), what a lot of folks seemed to have forgotten is that it's the provision that younger, and therefore more healthy participants, are required to participate...which offsets those bottom line negatives to health insurance providers.
Just a note of caution for the ACA/Obamacare haters...be careful of what you wish for.