The Cons of Obamacare
While there are people who try to purchase insurance on their own who may be turned down for individual health insurance because of a pre-existing condition, that number is far less than the 65 million people that are supposedly endanger of being denied insurance coverage. As of today, only a little over 77,000 people have signed up for the government subsidized Pre-Existing Condition Insurance Plan. There doesn’t seem to be a mad rush to take advantage of this program.
For those people who are going back to work,the 1996 Health Insurance Portability and Accountability Act prohibits employers from refusing or charging higher health premiums to employees with pre-existing medical conditions. If the health insurance is there for them, they have a legal right to that insurance without fear of being discriminated against.
A lot of talk has been given to the fact that under Obamacare a child can stay on their parents health insurance plans until their 26. While this is true, it doesn’t come without a catch. While you can have adequate health coverage on your parents health insurance plan, if your woman interested in having a baby, you won’t be offered that sort of coverage.
While the Pregnancy Discrimination Act of 1978 makes allotments for a spouse on an insurance plan to receive health coverage for a pregnancy, it makes no other stipulations as to the insurance companies requirements that children be covered under those plans as well. What that means is that even with Obamacare, if you’re on your parents insurance policy and you get pregnant, you’re going to have to look for maternity care from another insurance company.
Many people are claiming victory since the Affordable Care Act prohibits insurance companies from charging lifetime maximums on health insurance policies starting in 2014. The only problem with this is that it is only good for policies that were enacted or renewed after 2010. If you have a long-standing insurance policy, either with an employer or an individual policy that was enacted before 2010, the insurance company can still implement maximum coverage limits.
One area where people have been fooled is the issue of an insurance company dropping you because you were diagnosed with a serious ailment, sickness or disease. The reason why this is wrong is because previous legislation had been past years before the Affordable Care Act which prohibits insurance companies from dropping covered individuals if they were to contract a serious sickness or an incurable disease.
Perhaps the biggest issue with Obamacare is that it simply isn’t sustainable from a financial standpoint. Coverage plans with employers will quickly fade into obscurity since the penalty for not providing health insurance is far less costly than the premiums that employers currently pay for an employees health care insurance.
This will lead to a larger number of people needing insurance through government funded plans. If how the government runs other programs is any indication, the government will end up paying well more than they should for basic health insurance.
It is also important to understand that nothing about Obamacare is free. If the government is picking up the tab on your insurance, rest assured that somewhere down the line, you’ll be paying for it. In many cases, with higher taxes on certain medical products, you already are.
Lastly, regardless of what administrative types will tell you, the mandate for having health insurance isn’t something people are happy about. The flip flopping over if it is a penalty or a tax has left a very sour taste in many Americans mouth.
Providing health insurance for everyone is a noble idea, but this plan is fraught with inconsistencies, strong arm tactics and these are just the things we know about. This bill is over 2,000 pages long and most of the Congress and Senate that voted for it didn’t even know what was in it, and a good majority of them probably still don’t.
Health coverage can be attained in a better way, but this bill is not what people say it is. It is a huge tax increase and it adds a financial burden that this country is ill suited to take on right now.