Let me break this down so it can forever be broke:
ACA did not raise the cost of your insurance premium,
your insurance company did.
The Affordable Care Act (ACA), more commonly known as
Obamacare, made for several provisions:
-Health insurance for those who were previously
uninsured or under insured, through the state market places or exchanges (and
development of those exchanges) and the expansion of Medicaid in states that
chose to do so;
-Children remaining on their parents insurance until
age 26;
-Elimination of pre-existing conditions (includes
pregnancy, cancer, diabetes, HIV, etc) clauses;
-Prevention-centered care that includes $0 co-pay for
well-care visits and annual screenings, and $0 copay for maintenance drugs and
birth control. Did your doctor’s office start talking about or advertising ‘patient-centered
care’? Thank ACA.
These and the many other provisions of the Care Act
cost money. Covering more sick people costs money. So to offset that, the bill
did require everyone to have insurance or pay a fine. More younger, healthier
people chose to pay the fine than those who chose to get insurance. Healthy
people generally would have offset the cost of paying for those older, sicker
patients who chose to get insurance. Because that did not happen, insurance
companies shifted the cost to the consumer, us, by raising premium costs rather
than taking a hit to their billions of dollars profits. It’s the same thing as
when our telephone company, AT&T, charges us, the consumer, that FCC charge
as opposed to paying it themselves. Now, some of us are fortunate enough to
have employers who take on the bulk of the cost for premiums. For example, I
pay less than $200/month for my family’s medical insurance. Of course, that is
not the case for everyone and the self-employed have that burden to bear alone.
People who get their medical insurance through the state exchanges receive federal
offsets for their premiums.
So, to sum up, ACA did not raise your medical insurance
premium, your insurance company did. How could this have happened? Well, while
the public was complaining on social media and around the dinner table about “Obamacare”,
the insurance and pharmaceutical companies had their lobbyist speaking to the
members of Congress to get their clients’ needs known. Did you call your State
and Federal Senators or Representatives to let them know what you wanted to see
happen with the ACA before it was passed or did you just go by what you heard
and bitch and moan about it to your friends?
This time around, let’s not wait until after the bill
is passed to voice our complaints and concerns. This time, let us all be
vigilant and email, fax, tweet, DM, and call our representatives and let them
know what is important to us. You can believe the insurance and pharmaceutical companies
already are.
Of course, this is all a simplification of a very
complicated issue so by all means, stay informed. For more reading on ACA,
visit http://www.hhs.gov/healthcare/facts-and-features/key-features-of-aca/.