Obamacare Versus Old Free Market Health Insurance Plans

Health Care Under Obamacare:

  • High deductibles and co-pays on the individual market
  • High premiums–often offset by subsidies
  • Possible restrictions on which doctor people can see
  • Many businesses reducing benefits for employees
  • Some people will not be able to keep their current insurance plans or doctor every year
  • People cannot be denied coverage due to having medical problems
  • New standards ensure that insurance companies will provide certain benefits

Health Care Before Obamacare:

  • High deductibles and co-pays on the individual market
  • High premiums–but no subsidies available to help pay for coverae
  • Possible restrictions on which doctor people can see
  • Many businesses reducing benefits for employees
  • Some people will not be able to keep their current insurance plans or doctor every year
  • People could be denied coverage due to having medical problems
  • Many health plans provided minimal health coverage

Pretty similar, except for the major differences in the last two items. Insurance under Obamacare is pretty similar to how private insurance always has been, with some major improvements

When people are looking at the Affordable Care Act, many are comparing it to an imaginary perfect system. People purchasing policies on the exchanges are seeing many of the problems which people purchasing private insurance on the individual market have been experiencing. Some of the issues have also existed for those obtaining health coverage through their employer.

I’ve been planning to post this comparison for a while, but it seemed a good time today when National Journal posted an article showing How the health care law became the scapegoat for everything.

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