ObamaCare has arrived, but it’s reception currently lacks the fanfare one might expect of legislation meant to protect the people. Insurance used to be something that Americans were advised to have, but not required to have. In the event of an unexpected medical issue, the costs of emergency healthcare have always been deleterious to those without insurance coverage. Now, with the imposition of ObamaCare, there is a new added harm to those without insurance; those who fail to get approved coverage may be subject to penalties. Those intending to abide by the new insurance law may sign up without penalty until the March 31 deadline, but anyone who does not take immediate action risks being fined.
To backtrack just a bit, ObamaCare is more officially known as the Affordable Care Act. This new legislation exists with the goal of ensuring that all Americans are insured, and presumably, with the goal that said insurance is affordable. The jury is still out on how the changes will pan out in the long run, but at this point, many are angry at the unwelcome circumstances ObamaCare has created for them.
The implication of the Affordable Care Act is that an unacceptable amount of Americans have been unable to be insured, and help must be offered through government intervention. Reportedly, less than 10 percent of all current ObamaCare customers were uninsured before the new laws. While admittedly, getting more Americans insured should be considered progress, it must also be noted that a large percentage of those who have been uprooted from old insurance plans have found that their shiny new insurance plans are full of unwelcome and costly surprises.
According to the Congressional Budget Office, 66 percent of small businesses will experience higher insurance rates with ObamaCare. On an individual level, monthly premiums have seen a significant raise across the board. It is clear that many citizens who previously had room in their budget to pay for insurance will now struggle to pay for basic coverage. Unfortunately, many complaints from those whose coverage has been changed dramatically has been written off by those at the top.
Senator Majority Leader Harry Reid is of the opinion that the widespread horror stories about ObamaCare are lies. But individual stories from real people outline many downfalls of the new healthcare coverage including much higher premiums and deductibles. As for those who have yet to experience the wonders of ObamaCare for themselves, the failure to act immediately may cost even more than the presumably higher insurance rates as fines are threatened to anyone failing to sign up before the March 31 deadline.
It is widely published that ObamaCare caters to those who are most in need of a financial break; those who qualify based on proof of low income are eligible to receive support from the government in paying for their new insurance. But what about the way the middle class suffers with skyrocketing insurance rates? It stands to reason that the complaints have only just begun. For those trying to avoid being fined for not having insurance, the deadline to be signed up with ObamaCare is March 31. Whether or not the Affordable Care Act will last is debatable, but with time, perhaps the system will be refined so it will actually deliver on the promise of affordability.
By Bonnie Sludikoff