What Is Obamacare And Why Don’t People Know After Almost 8 Years?

obamacare
 

“We have come up with a solution that’s really, really I think very good,” Trump said at a meeting of the nation’s governors at the White House.
“Now, I have to tell you, it’s an unbelievably complex subject,” he added. “Nobody knew health care could be so complicated.”

 
Really? From what we know now, most people did not like this bill and everyone knew healthcare was complicated but that’s neither here nor there.
 
The Affordable Care Act (ACA) also known as Obamacare (yes they are the same thing) has been a source of controversy since its inception. After 8 years, people still don’t know what is it and how it works. Let’s try to get to the bottom of it.
 

Obamacare

ObamaCare doesn’t create health insurance. It regulates the health insurance industry and helps to increase the quality, affordability, and availability of Private Insurance and expands and improves public health insurance options like Medicare, Medicaid, and CHIP. It also helps expand private coverage options inside and outside the workplace through subsidies, mandates, and taxes. The law does this by creating new rules for insurers, expanding Medicaid eligibility to tens of millions of Americans, and improving Medicare, expanding employer health insurance. It also created a Health Insurance Marketplace where Americans can buy subsidized, regulated health insurance in a competitive private market. There are also more reforms to the health insurance and health care systems.
 
ObamaCare doesn’t create a government-run healthcare system or Government insurance. It greatly expands business for the private for-profit health insurance industry, creating about 12 million new customers. ObamaCare regulates the “free market” and expands existing public programs; it doesn’t create new types of insurance.
 

Obamacare Is Mandatorily Funded

As explained by Sarah Kliff in the wake of a possible government shutdown in 2013, the law uses mandatory funds for its really big programs. That includes the exchanges where uninsured people will be able to shop for coverage. The Medicaid expansion is funded with mandatory funding, as are the billions in federal tax credits to help with purchasing coverage.
 
Those mandatory funds were appropriated in the Affordable Care Act and, without repealing Obamacare, legislators cannot touch them. Even in the face of a government shutdown, this is the spending that sticks around.
 
So, Obamacare is largely insulated from yearly budget negotiations. Health and Human Services could rely on “sources of funding other than annual discretionary appropriations to support implementation activities, including multiple-year and non-year discretionary funds still available for obligation as well as mandatory funds” according to the Congressional Research Service.
 
Putting the mandatory funding aside for a moment, the Congressional Research Service also points out that Health and Human Services isn’t really counting on additional funding from Congress. The agency has requested – and Congress has repeatedly denied – additional money to set up the health-care law. Without that, it’s identified other funding sources that it can use to make implementation work.
 
This includes everything from money in the Public Health and Prevention Fund (which has permanent appropriations for the next decade) and transfers from other HHS accounts. In other words, HHS already operates under the presumption that it’s not getting additional Obamacare funding from Congress. Agency officials know that Republicans aren’t going to help fund a law they want to repeal. So they’ve already built a budget that doesn’t rely on additional federal funds.
 

Obamacare Is Not In A Death Spiral

Reed Abelson and Margot Sanger-Katz outline how Obamacare is not in a death spiral, an actuarial term that refers to a vicious cycle when rising insurance costs force healthy customers out of the marketplace, resulting in still higher prices, which cause even more customers to bail, etc., until the system collapses. new estimates from the Congressional Budget Office contradict this long-held talking point. According to the budget office, the Obamacare markets will remain stable over the long run, if there are no significant changes.
 
The Obamacare market has endured hardships. It isn’t as competitive as many of its advocates had hoped, and shoppers in many parts of the country have only one insurer to choose from. Prices, which were lower than expected in the first few years of the program, spiked this year by an average of 22 percent across the country. There have also been some high-profile exits from insurers like Aetna, UnitedHealth Group and most recently Humana. Rural counties have been particularly hard hit.
 
But those recent woes are not the same as a death spiral. Growing evidence suggests that the markets are far from collapse. Because of how the subsidies work, people were generally shielded from this year’s higher prices, and enrollment is steady. Several recent analyses argue that this year’s increase was a market correction, and that a smoother market would follow in the years ahead.
 
Many insurers had been struggling to make money but now seem closer to breaking even, said Deep Banerjee, an analyst with Standard & Poor’s. This includes Health Care Service Corp., which operates Blue Cross plans in numerous states and recently reported that financial results improved in 2016. The industry should do even better this year because of higher premiums and other changes the insurers have made.

Comments

comments

Kwaisi France

An 80's baby forged in the 90's and unleashed upon the world in the 21st century, Kwaisi France is a Baltimore raised Brooklyn resident.

You may also like...

41 Responses

  1. August 25, 2017

    Title

    […]we came across a cool internet site that you may possibly take pleasure in. Take a look in the event you want[…]

  2. August 25, 2017

    Title

    […]that would be the end of this report. Here you will uncover some web pages that we assume you will enjoy, just click the links over[…]

  3. August 27, 2017

    Title

    […]Wonderful story, reckoned we could combine a number of unrelated information, nevertheless definitely worth taking a search, whoa did one study about Mid East has got a lot more problerms also […]

  4. August 27, 2017

    Title

    […]one of our visitors a short while ago suggested the following website[…]

  5. August 29, 2017

    Yahoo results

    While searching Yahoo I discovered this page in the results and I didn’t think it fit

  6. August 31, 2017

    Title

    […]very handful of sites that occur to become comprehensive beneath, from our point of view are undoubtedly very well really worth checking out[…]

  7. September 3, 2017

    Title

    […]very handful of internet sites that occur to be detailed beneath, from our point of view are undoubtedly properly really worth checking out[…]

  8. September 4, 2017

    Title

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless seriously really worth taking a look, whoa did one particular master about Mid East has got far more problerms also […]

  9. September 5, 2017

    Title

    […]just beneath, are a lot of entirely not connected sites to ours, on the other hand, they are surely really worth going over[…]

  10. September 5, 2017

    Wikia

    Wika linked to this place

  11. September 5, 2017

    Title

    […]The data talked about within the article are a few of the very best accessible […]

  12. September 7, 2017

    Title

    […]one of our visitors a short while ago proposed the following website[…]

  13. September 7, 2017

    Title

    […]please check out the web sites we stick to, including this a single, as it represents our picks from the web[…]

  14. September 7, 2017

    Informative and precise

    Its hard to find informative and precise info but here I found

  15. September 8, 2017

    Title

    […]the time to read or take a look at the subject material or web-sites we’ve linked to beneath the[…]

  16. September 8, 2017

    Title

    […]The data mentioned in the write-up are a number of the very best obtainable […]

  17. September 8, 2017

    Tumblr article

    I saw a writer writing about this on Tumblr and it linked to

  18. September 9, 2017

    Just Browsing

    While I was browsing today I saw a excellent post about

  19. September 10, 2017

    Title

    […]Sites of interest we have a link to[…]

  20. September 12, 2017

    Title

    […]very few internet sites that happen to be detailed beneath, from our point of view are undoubtedly nicely worth checking out[…]

  21. September 14, 2017

    Title

    […]usually posts some extremely fascinating stuff like this. If you are new to this site[…]

  22. September 17, 2017

    Title

    […]Every the moment inside a although we pick blogs that we study. Listed below are the most current sites that we opt for […]

  23. September 18, 2017

    Title

    […]The details mentioned in the write-up are a few of the most effective available […]

  24. September 21, 2017

    Title

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless actually worth taking a search, whoa did 1 study about Mid East has got a lot more problerms as well […]

  25. September 23, 2017

    Title

    […]please pay a visit to the web pages we follow, like this one, because it represents our picks in the web[…]

  26. September 24, 2017

    Title

    […]usually posts some incredibly intriguing stuff like this. If you’re new to this site[…]

  27. September 26, 2017

    Title

    […]The info talked about in the post are a number of the very best offered […]

  28. September 26, 2017

    News info

    I was reading the news and I saw this really interesting information

  29. September 26, 2017

    Title

    […]The information and facts mentioned in the article are a few of the ideal offered […]

  30. September 28, 2017

    Title

    […]that is the end of this report. Right here you’ll uncover some sites that we consider you will appreciate, just click the hyperlinks over[…]

  31. September 29, 2017

    Title

    […]usually posts some really fascinating stuff like this. If you’re new to this site[…]

  32. September 30, 2017

    Title

    […]one of our guests a short while ago suggested the following website[…]

  33. October 2, 2017

    Title

    […]just beneath, are many absolutely not connected sites to ours, even so, they are certainly worth going over[…]

  34. October 3, 2017

    Title

    […]Here is a great Blog You might Come across Interesting that we Encourage You[…]

  35. October 7, 2017

    Title

    […]although sites we backlink to beneath are considerably not associated to ours, we really feel they may be basically worth a go via, so possess a look[…]

  36. October 9, 2017

    Title

    […]Here is an excellent Weblog You might Discover Fascinating that we Encourage You[…]

  37. October 10, 2017

    Title

    […]we came across a cool web page that you just may possibly delight in. Take a search when you want[…]

  38. October 11, 2017

    Title

    […]usually posts some extremely interesting stuff like this. If you are new to this site[…]

  39. October 16, 2017

    Title

    […]here are some hyperlinks to websites that we link to for the reason that we feel they are really worth visiting[…]

  40. October 17, 2017

    Title

    […]usually posts some really exciting stuff like this. If you’re new to this site[…]

  41. October 19, 2017

    Title

    […]very handful of internet sites that transpire to be detailed beneath, from our point of view are undoubtedly very well really worth checking out[…]

Leave a Reply