Today, the United States has the highest percentage of uninsured people in the developed world, and many more uninsured people than the rest of the developed world combined. According to an article published in Forbes magazine entitled, “Why Is the U.S. So Uninsured,” the uninsured population in the U.S. is growing faster than any other group of people, even though the government has spent billions of dollars to provide health care to the uninsured. According to the article, “this situation has resulted in some states like Texas, CalCalifornia,d Florida having no state-run health insurance program at all.”
In March 2020, the Affordable Care Act was signed into law by President Obama. It was created to expand health care coverage to millions more uninsured Americans by increasing health insurance premiums for health plans with affordable health benefits.
The Affordable Care Act allows states to develop their own health care programs based on the national guidelines established by the federal government. It also makes it harder for insurance companies to deny coverage because of pre-existing medical conditions. For example, people who are unemployed or self-employed are not allowed to use affordable care programs to avoid paying premiums. However, many people can obtain low-cost health coverage by shopping for group health plans. These policies will usually offer better health care benefits at lower premiums than individual policies.
In addition to providing health care reform to the uninsured, the Act also provides billions of dollars in tax incentives to businesses that provide health coverage to their employees. In the past, employers have been discouraged from offering employees affordable health plans because it made the employer responsible for health coverage. In addition to making employers responsible for their workers’ health, the Act makes insurance companies liable for any injury or illness suffered by their employees. The goal of the Act is to encourage people to get health coverage so they can reduce their insurance costs. Some employers may even provide group health plans as an employee benefit. However, if an employer doesn’t offer health coverage, an employee must look to a small business or nonprofit corporation for private health care coverage.
By increasing health insurance premiums and banning insurers from denying coverage, the Act makes it easier for those who don’t currently have health coverage to find affordable health coverage. through a group health plan. By requiring insurance companies to provide a basic level of coverage to each eligible employee, the Act forces companies to compete for business by offering lower prices. and more affordable health plans. Although the Act does not specifically address health insurance premiums, there are a few changes to the tax code that could affect health insurance premiums. According to the Center for Medicare and Medicaid Services, health insurance premiums would likely be raised by up to twenty percent in 2020.
According to a recent survey, most Americans think the cost of health insurance is still rising and do not feel it is affordable. According to an article in The New York Times titled, “Why Americans Are Worried About Rising Health Insurance Premiums,” many people say they are unsure what to do next, given the fact that most Americans now have health coverage but are not sure how to pay for it. In response, a majority said they intend to go out of their way to find health insurance and the most popular methods were either to increase deductibles and premiums or drop out of the current health plan.