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Obama Healthcare PlanHealth care reform legislation was passed in 2010. While some aspects of the legislation altered the face of health care immediately, other parts of the law will continue to take effect over the next several years. The Obama healthcare plan makes insurance companies more accountable, improves employer-sponsored health insurance coverage, and ensures interference-free access to necessary health care. Rather than recreating the entire American health care system, the Affordable Care Act built on the existing system by reducing insurance company bureaucracies and improving patients’ rights in many cases. Some experts have predicted individual costs will decrease dramatically, while those who do not currently have insurance will now have access to a variety of affordable health coverage plans.
One of the main thrusts of the Obama healthcare plan was to require insurance companies to cover Americans who suffer from pre-existing conditions so that they can have equal access to health insurance and high quality health care services. Additionally, competition will be increased among insurers, which is intended to improve overall quality of care and decrease prices. Drug costs are expected to decrease when they are imported from developed countries, and the use of generic drugs will be better promoted.
Obama Care is also designed to support employers in their effort to provide quality health care to their employees. A small business tax credit will offset the cost of premiums, and large employers that fail to provide insurance may be penalized. Those individuals who do not have access to employer-sponsored insurance may be able to purchase insurance coverage through the National Health Insurance Exchange, which will offer a public plan along with private options. Low-income individuals and families will receive tax credits to offset the cost of their coverage.
Perhaps one of the largest changes brought about by the Obama healthcare plan is the switch in focus from a health care system focused on treating illness to one centered on preventative services. The Obama plan mandates coverage of cancer screenings and other vital routine care in order to promote improved national health.
Learn more about the new Affordable Care Act or find out about your insurance options by scheduling an appointment with one of our experienced insurance professionals today.