Originally Posted by Taichiliberal View Post
So when all is said and done, you were wrong. As for premiums
https://www.healthinsurance.org/obamacare/
Bottom line: The ACA is not a cure all, but a hell of a lot more employed folk sure as hell prefer it to the old standard (where many didn't have adequate insurance, if any at all).
Regarding your first comment, apparently so. As I said, I enjoy learning.
Regarding your second comment, it most certainly is NOT a cure all.
Before the ACA, We were told that there were 30 million Americans that were uninsured. The ACA, according to this source, has reduced that number to 28.9 Million in 2018.
https://www.kff.org/uninsured/issue-brief/key-facts-about-the-uninsured-population/
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How many people are uninsured?
For the third year in a row, the number of uninsured increased in 2019. In 2019, 28.9 million nonelderly individuals were uninsured, an increase of more than one million from 2018.
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The cost to the premium payers is pretty extreme for many and the additional cost born by the Federal Government are also extreme.
Horror stories about individual ACA policies are well known. Finding out exactly what part of medicaid spending is attributable to the ACA is difficult.
https://www.macpac.gov/subtopic/state-and-federal-spending-under-the-aca/
Even WITH the subsidies from the government, though, This source says the premiums have doubled as measured in 2021.
https://www.benefitspro.com/2021/03...he-individual-market/?slreturn=20220405083832
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The Affordable Care Act (ACA) has more than doubled health insurance cost for some Americans, a new analysis from the Heritage Foundation said. The report concludes that eleven years after the ACA, Americans who buy health insurance on the ACA individual market are worse off financially then before the health reform law was passed.
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Is there a problem with the cost of health insurance? Yes.
Does it need to be addressed? Yes.
Is the ACA the answer? Pretty obviously, no.
Here in Indiana, we have the Healthy Indiana Plan (HIP) which is a Medicaid program aimed at those who cannot afford insurance. It really works pretty well and probably should be a model others.
It is income tested and the premiums are low or nothing.
It seems like the help, if needed, should go to the folks who need the help and not burden unfairly those who don't need the help.
Also seems like the help should actually remedy the problem we were told it was aimed at.