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Will we learn to love the ACA?

By Jay MacDonald · Bankrate.com
Friday, June 29, 2012
Posted: 10 am ET

Now that health care reform has been deemed constitutional by the Supreme Court, will America finally learn to love it?

While that jury may remain out for years, I'm willing to bet that the more we start to appreciate the many benefits of the health care overhaul, the more comfortable we'll all become with it.

During the legal battle over health care reform, the Affordable Care Act quietly went about guaranteeing and expanding health care coverage for those most vulnerable to the inequities of our old health care system. Just a few examples:

  • Children younger than age 19 can no longer be denied coverage due to pre-existing health conditions. This so-called guaranteed issue expands to all adults in 2014.
  • Your insurance company can no longer drop you if you get sick.
  • If your insurer spends too much of your premium on its own administrative costs and executive bonuses, it now must rebate the difference to you.
  • Many preventive services, including annual wellness visits and screenings for colon, prostate and breast cancer, are now available without copay or co-insurance for Medicare beneficiaries. All health plans written after Sept. 23, 2010, must also include these preventive services without copay, co-insurance or deductible.
  • Seniors who fall into the Medicare Part D "doughnut hole" now pay only half of their out-of-pocket prescription drug cost. By 2020, the ACA closes the doughnut hole completely.
  • Insurers are required to allow young adults to remain on their parents' health insurance up to age 26.

For an estimated 30 million uninsured Americans, the best is yet to come. Starting in 2014, new state health exchanges will provide apples-to-apples health insurance shopping for individuals and small businesses. If your family qualifies, you will be eligible for government subsidies to help you afford coverage.

The many steps toward quality improvements contained within the law, including creating a financial incentive for hospitals, physicians and health care providers to form voluntary Accountable Care Organizations, will continue to steer American health care away from its current expensive fee-for-service approach toward one that encourages -- and rewards – better health care outcomes.

Now that the legal challenges to the Affordable Care Act have been addressed, maybe we will start to focus on what health care reform can do for us instead of to us.

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4 Comments
car insurance
July 19, 2012 at 6:03 am

So nice post.thanks for sharing.
car insurance

Rick Davis
July 18, 2012 at 6:18 pm

It's a great relief to have children under 19 not be denied health insurance just because they have a disease.
It is also a great relief to be allowed to keep kids 19 to 26 on parent's insurance, especially if they have a pre existing disease.
But if the parent works for a large employer, beware the 'grandfathered' health plan! If your insured kid dares to get a part time job and that job offers any kind of health policy, even a bare bones,worthless policy, the kid must sign off of the parent's health plan.
Throwing a sop to the big employers to get their support for PPACA.

quackquackhere
July 02, 2012 at 4:25 pm

Lol, that article is written like okay now everyone settle down in time you will forget that this TAX doesn't have to exist and all the while we can use the government to extort money from the people through IRS to subsidize our corporate healthcare profits.

What a load of horse dung. People in this country already can't afford insurance. Obama solution is to sic the IRS on those that don't buy insurance because they can't afford it? That is the best this Harvard moron could come up with? quackquackhere

Repeal it.

eieio
July 01, 2012 at 9:13 am

ACA a.k.a. Obamacare is now a tax according to Chief Justice Roberts of the Supreme Court. President Obama insisted emphatically that it was not a tax but Roberts said that it is and the four libs/Marxist justices went along with that. The IRS will make sure everyone, including the poor, pay for it especially the middle class such as myself. Obamacare Tax aka Affordable Care Act must be repealed period. It is a flesh eating disease and will litterally kill America and her people unless and until it is repealed. Instead of this monstrosity 2700 page ACA bill, all that was needed was legislation to allow all Americans purchase health insurance across state lines. There would be no cost involved at all. ACA is almost 2 trillion by 2014.

Marxisn destroys and I can only conclude Jay MacDonald is a Marxist as most of the writers on Bankrate are.