The Affordable Care Act requires all non-grandfathered health insurance coverage in the individual and group markets to be guaranteed issue and guaranteed renewable. In addition, all non-grandfathered insurance plans and policies in the individual and group markets can vary premium rates based only on age, family status, geography, and tobacco use, and the variation in the age and tobacco use factors is limited. This new premium rating requirement will impact the premiums paid by individuals and families working for small employers who offer health insurance. Specifically, we have estimated that the premium rates for roughly 11 million people will increase and about 6 million people are expected to experience a premium rate reduction due to sections 2701 through 2703 of the PHS Act.Net: 5 million more losers than winners. And here's the really interesting part, if you choose to read the full report [p.3, footnote 3]:
ACA exempts certain groups of individuals from this mandate.... Illegal immigrants, individuals or households who do not have [sic] file a tax return because their income is too low or cannot afford the cheapest health insurance are also exempt from this mandate.In plain English, those who had the worst healthcare (and cost taxpayers the most) pre-ObamaCare still won't be covered. ObamaCare has taken those who have at least marginally decent insurance coverage, made it worse and more expensive for them, and didn't do diddly-squat for those who need help the most.
The full report is here.
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