Tag Archives: obamacare

Understanding Obamacare and Its Aims

Understanding Obamacare and Its Aims | JT Insurance ServicesFor many years the health care costs in America have been skyrocketing. It was becoming increasingly difficult for many individuals to afford adequate health care. The object of the affordable care act was to decrease medical costs and make it so more citizens of the United States would be able to afford health insurance. Before this law was put into place, people could be denied health insurance because of a previous injury or illness, be made to pay more expensive premiums because they were female, and they could be dropped in the middle of a medical treatment because tiny mistakes were made on applications. The idea behind Obamacare insurance is that these things will no longer be legal.

This legislation makes it mandatory for all Americans to have health insurance. Anyone who does not have health insurance is required to pay a fee on their taxes for each month that they do not have it. Individuals that do not want to pay the fee have to have minimum essential coverage, which can be obtained during an open enrollment period of every insurance type. It is now possible for more individuals to have insurance because of the expansion of Medicaid eligibility, and the cost assistance made available by health insurance marketplaces.  Many individuals will also be eligible for government subsidies to help them afford medical insurance. If more people are able to get coverage through obamacare insurance, it will hopefully help the overall health costs in America.

Having adequate health care is extremely important. People who become ill or injured and do not have health insurance are often buried in medical debt. Since many of them are simply not able to pay it, that debt gets paid by the tax payers. Overtime this can dramatically increase the amount of money that the United States spends on health care each year. Obamacare insurance is meant to help everyone get the medical care they need, and stop the health care costs from rising so dramatically.

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The Reinvention of Health Insurance Under Obamacare

The Reinvention of Health Insurance Under Obamacare | JT Insurance ServicesSince the real implementation of Obamacare over the past few years, the health insurance industry has undergone multiple challenges and rough patches. Insurers and consumers alike have changed their options and priorities, as universal healthcare is now mandatory for all Americans. Health care reforms under the Obama administration sought to bring down the uninsured rate — which it has done successfully — while also reining in inflation of medical costs. Moreover, insurers cannot discriminate price or reject coverage on the basis of a pre-existing condition. All of these changes have combined, along with many more factors, to reinvent the idea of health insurance in the United States.

Click here to read the full article by Zacks Equity Research for Yahoo! News.

States With Highest and Lowest Uninsured Rates Post Obamacare

States With Highest and Lowest Uninsured Rates Post Obamacare | JT Insurance ServicesWhile we now know that the uninsured rate has decreased significantly on the national level with Obamacare, it is interesting to investigate what states have most coverage and least coverage under ACA. Massachusetts tops the list with the lowest uninsured rate of any state, at a tiny 1.2% uninsured, while Texas takes the #1 spot for the highest rate of uninsured, still hovering around 25%.

Click here to read the full article by Melissa Hillebrand for PropertyCasualty360.

7.8 Million Under 26 Insured Under Affordable Care Act

7.8 Million Under 26 Insured Under Affordable Care Act | JT Insurance ServicesAuthors of a report from the Commonwealth Fund credits the Affordable Care Act and Obama’s healthcare reforms with 20 million enrollments as of the first of May. An estimated 7.8 million of that are people under 26, many of whom are covered as dependents on their parents’ plans. Moreover, for expansion to remain stable, the report encourages that healthcare costs will need to remain low.

Click here to read the full article by Alexandra Sifferlin for TIME.

Nationwide County Analysis of Obamacare

Nationwide County Analysis of Obamacare | JT Insurance ServicesA study conducted across 3,137 counties regarding the cost of Obamacare, reporting that the underlying cost of individually-purchased health insurance has actually increased from 2013 to 2014. These figures account for unsubsifized health insurance prices, so Americans who are in fact receiving a subsidy will not accrue such large cost increases. The price difference under Obamacare is also highly dependent upon your age and tax bracket.

Click here to read the full article by Avik Roy for Forbes.

Affordable Care Act Moves Toward Equitable Healthcare | JT Insurance Services

Affordable Care Act Moves Toward Equitable Healthcare

With many Americans shifting from one insurance plan to another or going without coverage entirely, the Affordable Care Act has come at the perfect time and represents a step in the right direction toward more equitable healthcare. Covered California has provided fewer out of pocket expenses and subsidies to many of the insured. While some still see major problems with the American healthcare system, it certainly seems that the majority of subscribers are satisfied with the beginnings of the ACA.

Click here to read the full article by Somer Meade for Huffington Post.

Young Obamacare Enrollees Tend to Have More Health Problems

Young Obamacare Enrollees Tend to Have More Health Problems | JT Insurance ServicesA new study has shown that young enrollees in Obamacare tend to have more health problems, the opposite of what the architects of Obamacare were hoping. In theory, those behind the Affordable Care Act expected for healthy young people to counterbalance the older population with more health problems, but this new information contradicts this theory and may require rethinking on the part of Washington’s healthcare planners.

Click here to read the full article by Scott Gottlieb for Forbes.

Older Women May Bear the Brunt of Affordable Care Act Costs

Older Women May Bear the Brunt of Affordable Care Act Costs | JT Insurance ServicesNumbers and information regarding the Affordable Care Act seem to still be trickling in, but the main question in Americans’ minds is whether or not insurance will cost them more, or less, under Obamacare. New academics’ reports are showing that older women, aged 55-64, may face higher premiums for individual health insurance in the marketplace

Click here to read the full article by Joann Weiner for Washington Post.

More Americans Insured Under Obamacare

More Americans Insured Under Obamacare | JT Insurance ServicesA new Gallup poll has shown that five percent of Americans are newly insured since the implementation of Obamacare. This represents a significant number of Americans who previously were uninsured and are now covered due to the national policy change. While information about the Affordable Care Act is still developing, it is clear that coverage has widened to include a significant portion of Americans who previously had no coverage.

Click here to read the full article by David Robinson for Albany Business Review.

Farmworkers’ Insurance Not Up To Obamacare Standards

Farmworkers' Insurance Not Up To Obamacare Standards | JT Insurance ServicesThe current health insurance plan for farmworkers, first implemented by Cesar Chavez years ago, does not meet the newest rules for Obamacare. Farmworkers currently covered by this plan will need to purchase supplemental insurance in order to comply with the Affordable Care Act’s standards.

Click here to read the full article by Chris Megerian for LA Times.