Healthcare Plan Benefit The Middle Class

Abstract

This paper explains the importance of the healthcare plan and how it is beneficial to the middle class. Throughout this paper, I will explain how Obama care health insurance puts a huge impact on the middle class by providing them with coverage. Obama care is designed for individuals who currently do not have insurance. However, for you to be qualified for this healthcare you must make a certain amount. The primary intent of this health care reform legislation was to expand access to care by providing increased health insurance coverage and bringing the uninsured into coverage.

How does the Healthcare Plan benefit the Middle Class?

Rising healthcare and declining healthcare insurance coverage are jeopardizing the health and financial security of increasing numbers of middle-class families. The President’s Proposal will make health care reform beneficial to as many middle-class families as possible. As it gives them health care security that they have lost over the past years. Households not only face the direct costs of escalating health insurance premiums and out-of-pocket expenses for services, but rising health costs have also contributed to declines in private health insurance enrollment to the increasing risks of incurring high out the pocket expenses. Healthcare reform is the best plan for the middle-class African Americans who seek help from the government for public goods, services, and transfer payments that do not contribute to their healthcare. For example, The Obama Plan puts American families and small business owners in control of their own healthcare. After working on the healthcare reform for the past year Congress has come up with a plan with the effort to provide health insurance that lower costs, guarantee choices, and enhances quality healthcare for all Americans.

One factor raising the chances for comprehensive reform is the increasing jeopardy of the middle class. It is now clear that the growth of health plans after the Second World War and the passage of Medicare and Medicaid in the 1960s (Stevens, 1996). In an effort to get around this, each health alliance is required to offer at least on the plan that works the old-fashioned way in which a patient can see any doctor he or she wants without restriction but will have to pay for larger deduct ibles. Obama acknowledges that work remains to be done to make health care more affordable and to increase competition in the marketplaces where people purchase plans, including by offering a public option like Medicare.

As private insurance companies have refined their methods for rating groups and avoiding the highest health risks, they have put in jeopardy the security of many people who once thought the system protected them. In 2011, 12.3 million fewer individual people purchasing dropped! Slightly from 7.3 percent to 7.1 percent (Komisar, n.d). Public insurance programs expanded enrollment significantly, buffering the drop-in employer-based coverage for people with low incomes. Nearly a quarter of the nation’s 45 million non -elderly uninsured are middle-class individuals. Most middle-class Americans with insurance get it through their employers (Published: Jul 01, 2009).

The cost was down from $1.35 trillion in January 2015, which itself represented a 7% reduction from April 2014. As of March 2015, the net cost of Obamacare was projected to be $1,207 trillion over the 2016 -2025 period (Close, 2016). Obama cites a study that found people who gained coverage through expanded Medicaid have greater financial security, reducing the debts sent to collection by $600 to $1000 (Johnson, 2019). Rising medical costs have been attributed to various factors, including unnecessary testing and visits to doctors and medical facilities. ER avoided many times, but yet we continue to push through and add on to the cost.

The Healthcare Plan brings greater accountabilities to healthcare by laying out common sense rules onto the road to keep premiums down and prevent insurance industry and denial of care. Over 86 million Americans have gained from coverage of preventive care free of charge, like monograms for women and wellness visits for those who are elderly (Ap, 2017). Nearly 13 million Americans received a rebate the summer of the Obama Care took effect. Due to their insurance companies that spent too much of their premium dollars on administrative costs of CEO Bonuses. I t puts our budget and economy on a more stable path by reducing the deficit by $100 billion over the next ten years (Robertson, 2013) .

The healthcare reform will end discrimination against Americans with pre-existing conditions. Insurance companies no longer have unchecked power to cancel your policy, deny your child coverage due to the pre-existing condition, or charge women more than men. During the recession, many people have lost their jobs and health insurance benefits. This is the number one thing that cause things to go wrong as the Health care reform fixed those things that went wrong. The law has helped 6.6 million young adults who have been able to stay on their parents’ plan until the age of 26, including 3.1 million young people who are newly insured (Mizrachi, 2013) .

The law provisions to strengthen and protect Medicare by fighting fraud will continue strongly. Also, it has already helped 5.3 seniors and people with disabilities save an average of over $600 on prescription drugs in the Medicare coverage). According to one recent study, it is being projected that the average Obamacare premium will go up 24 percent in 2016 (n.a 2012). In addition, middle-class Americans that have to pay for their own health are being hit with much higher bills.

The Patient Protection and Affordable Care Act was signed into law on March 23rd, 2010, and upheld by Supreme Court ruling on June 28, 2012. During the ruling, the law was changed to allow states to expand access to Medicaid. Obama states his major unsurprising findings: 20 million people have gained insurance bringing the uninsured rate to 9.1 percent in the year 2015 (Vicini, 2012). He notes an increase in the number of non-elderly people who have physical and access to Medicine. By 2014, many of those predictions had come true. In fact, the prospect of rising costs disruption of existing coverage, and metastasizing bureaucracy dynamics doomed the Medicare Catastrophic Coverage Act of 1988.

Insurance can now be purchased through state Health Insurance marketplaces where stoppers can receive cost assistance and get apples -to apple comparisons of plans. Obama care ensures that Americans will be able to actually seek medical attention, regardless of pre-existing conditions or income. Obama’s health care bill regulates the insurance companies Health decisions made between self and the doctor. Obama himself has unveiled his own creative mind of thought plan to help his people. He has drawn heavily from the actual Senate Bill.

Obama’s most controversial argument is. He credits the law with helping to control health care spending, a point that has been much debated. What is needed is a single-payer plan that covers all Americans. As it is the private insurance middleman is taking a generous cut of the money collected from policyholders, then making more by investing the pool of the money. Critics say there aren’t enough provisions to reduce fraud, but Democrats say they’re not being given enough credit for new costs. Also, saving pilot programs could be rapidly expanded.

As still in effect letting young adults stay on their parents plan until the age of 26. Also, stopping insurance companies from denying coverage or charging based on the health condition one’s in. Today, the typical family pays to range about 35 percent of their income for health care itself. The temporary slowdown in health spending, which started in the early 2000s (Guest, n.d). Ensuring all plans cover minimum benefits like limits on cost-sharing and ten essential benefits including free preventive care, OB-GYN services with no referrals, free birth control, and coverage for emergency room visits out of network.

Conclusion and Future Study

The government-run Medicare program will keep paying for bills. The legislation would reduce payments for hospital-acquired infections or preventable hospital admissions. Insurers will likely cut benefits in order to not lose any profits. The government won’t pay for elective abortions, but under the Senate plan, people will be able to buy insurance that covers abortion on the new health insurance exchange. Medicaid is a joint federal-state program for the poor, instead of just a few groups the way it currently does.

References

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