After nearly a decade since the Affordable Care Act was signed into law, the U.S. is poised to find out what Obamacare will look like without its linchpin requirement for people to buy health insurance.
The sweeping tax reform bill that passed late last year included a repeal of the requirements that everyone has health insurance, starting in 2019. Obamacare allies, independent estimates, and Democrats say the move by President Trump and congressional Republicans will raise premiums and cause the program's insurance exchanges to crumble.
Meanwhile, new regulations from the Trump administration to expand access to cheaper, low-quality plans could have just as much of an effect on the exchanges, experts say.
Insurers are debating whether to renew participation in Obamacare’s exchanges in 2019 that offer coverage on the individual market, which is used by people who do not get insurance through a job or the government. Insurers face a deadline as early as this spring to decide whether to participate in Obamacare's insurance exchanges for 2019.
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Right becasue premiums aren't going up as it is without the repeal in place right?????
ReplyDeleteInsurance companies will use any change in policy to extort money, even if it is supposed to make things better. If premiums go up don't blame that on the repeal. Obamacare gave the insurance companies a reason to extort money, now the excuse will be that they need higher premiums to fix it. It's all part of their game.
ReplyDeleteAt least now we can refuse to purchase it if the price is too high
ReplyDeleteWhat a concept.
Why the hell wait till 2019 to go in effect? People need help now.
ReplyDelete