The American people are absolutely torn over the merits and demerits of all Obamacare. The whole episode has also turned into a contentious political issue. However, those who criticise the Health Care Act rarely know the actual gains that it will offer to the people of America.
The prime goal of this Act is to draw as many people as possible under the health care scheme. If the Act is applied, people are sufficiently protected by health services and reap the benefits of Obamacare. Here’s a short Overview of the Real Benefits of this Affordable Health Care Act.
First of all, insurance providers would not be able to discriminate on the grounds of the applicant’s pre-existing terms. Currently, bonded issue is only expected from the small group marketplace. Employees who are enrolled with a company of between two and 50 employees on their own enjoy this benefit. Individuals applying for benefits from the individual health insurance system may be refused insurance from a variety of countries on the grounds of their pre-existing condition. Obamacare is seeking to get rid of this trend by forcing all insurance providers to grant identical rates to all applicants of equal age and geographical area, without taking into account any pre-existing conditions.
Within the provisions of this Act, insurance providers providing community or private medical insurance benefits to minor children of the policy holder may be asked to renew the policy until the child is 26 years of age. As a result , a number of children can benefit from their parents’ health care policies before they turn 26. It will help most of the children who work to cover their private health care coverage. In the case that these children had children of their own, these children will not, however, be entitled to this regulation. Within this Act, six million young men and women will already have a health care coverage.
Obamacare also tackles the infamous ‘donut hole’ challenge of the Medicare Part D network in a systematic way. A 250 discount verification was given to eligible seniors who reached the donut hole by 2010. In 2011, they were entitled to a 50% cut in branded drugs inside the donut pit. The cost of generic Part D products has also been overlooked. By 2013, the price of generic Part D prescription medications will be discounted. By 2020, the pit will be absolutely gone. Seniors on a prescription drug programme will continue to follow Part D policies throughout this period.
There are some of the positives of the Affordable Health Care Act. Just as auto insurance is compulsory in the USA, the Act aims to make health insurance too compulsory for any American to benefit from cheap health coverage.
Share This
