21 December 2013
18 December 2013
ObamaCare Demystified
Those who are eligible to apply for the Patient Protection
and Affordable Care Act (PPACA) more popularly known as ObamaCare must do so
before December 23rd in order to be covered as from Jan 1st. Go to https://www.healthcare.gov/ to apply.
This highly controversial legislation was signed into law by
President Obama on March 2010. It was subsequently upheld by the Supreme Court
on June 2012. Last October's 16-day government shutdown can be attributed
almost in its entirety to an impasse about this legislation. The Tea Party
faction of the Republican Party demanded that Congress stop health care reform
from proceeding by removing funding for it. It failed.
Image: http://www.businessinsider.com/will-obamacare-challenges-succeed-2013-1
Besides political hurdles, ObamaCare suffered massive
technical glitches when it launched. The website was unable to handle the
amount of traffic and reports claim that the system had other numerous bugs.
Reuters reported on December 14 that around 15,000 enrolment forms filled out
by people applying for health insurance were not transmitted properly to insurers. As a result of this mess, the Chief
Information Officer for the agency running the troubled health insurance
website resigned.
With ObamaCare people can no longer be denied coverage or
treatment because they had been sick in the past or be dropped mid-treatment
for making a simple mistake on their application. Insurers can no longer apply annual or
lifetime limits on healthcare. Also ObamaCare practically makes health
insurance available to practically everyone.
Immunisation for children is will be free. Young adults can
stay on their parent's plan until 26 and improvements related to women’s health
such as mammograms and wellness visits are covered automatically.
Another provision of ObamaCare is called the 80/20 Rule,
which requires insurance companies to spend at least 80% of insurance premium
on health care or improvements to care. If they fail to meet this benchmark,
for example by spending excessively on advertising and CEO bonuses they must
provide a rebate to their customers.
People who were already covered by health insurance will
benefit further.
According to ObamaCareFacs.com, as of 2013 there were around
44 million Americans who were unable to get health insurance.
Subscribe to:
Posts (Atom)