ObamaCare and the Healthcare System Medical and health insurance is a very helpful and needed aid in America. Although not everyone can get it since some have pre-existing conditions, it helps a great deal of people. One of the terms in the Patient Protection and Affordable Care Act, a.k.a. ObamaCare, says that even children with pre-existing conditions are guaranteed medical insurance. This may seem like a great thing to some, but that means insurance companies are going to have to raise their existing premiums because they will have to pay for much higher risk patients. In addition to the higher premiums, the insurance companies will cut back on the payments they make to doctors and hospitals, and charge a fine to the people who do not buy medical insurance. Though Obama and many others make ObamaCare seem like a lifesaver, the effects on the healthcare system could be considered tragic by some.
One of the major problems the healthcare industry will face if ObamaCare is successful is accepting every child, even if they have a pre-existing condition. The Affordable Care Act is supposed to ensure that adults with a pre-existing condition can get coverage as well as children in the year 2014 (Cannon, 2010). The fact that everyone gets the help they need is great, but the fact that every single person has to pay more even if they’re not sick is a downfall. The insurance companies know they are going to lose money when they have to accept the people with pre-existing conditions. Those losses will be charged to the everyday healthy people by higher premiums and reduced benefits. Basically they charge the healthy people more to be able to cover the sick people who only buy insurance after they get sick. According to National Review Online, the cost to cover the people with pre-existing will come in the form of a tax on the other healthy consumers, and the people who bought insurance before they got sick will
References: Cannon, M. F. (n.d.). Six months later... | Michael F. Cannon | Cato Institute: Commentary. The Cato Institute. Retrieved March 2, 2011, from http:// www. Cato.org/ pub_display.php?pub_id=12168&utm_source=feedburner&utm_medium=feed& utm_campaign=Feed %3A +CatoRecentOpeds+(Cato+Recent+Op-eds) 2 Connelly, J. (n.d.). Finding a doctor who accepts medicare isn’t easy - NYTimes.com. The New York Times - Breaking News, World News & Multimedia. Retrieved March 2, 2011, from http://www.nytimes.com/2009/04/02/business/retirementspecial/02health.html Krieger, L. M. (n.d.). Lloyd M. Krieger: Obamacare is already damaging health care - WSJ.com. Business News & Financial News - The Wall Street Journal - Wsj.com. Retrieved March 1, 2011, from http://online.wsj.com/article/ SB10001424052748704635704575604751500803046.html Unintended, but not unforeseen - The Editors - National Review Online. (n.d.). National Review Online. Retrieved March 2, 2011, from http://www.nationalreview.com/articles/ 247636/unintended-not-unforeseen-editors YouTube - Heritage foundation 's channel . (n.d.). YouTube - Broadcast Yourself. . Retrieved March 2, 2011, from http://www.youtube.com/user/HeritageFoundation#p/c/ 893D1D33C2FF7520/0/77Lf7k-Q-jo