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Obamacare Insurance (AET, CI)

The Low Health Price Law, or Obamacare, as it is commonly known, has continued to shrink or shrink since it was enacted on March 23, 2010. Despite more than 50 attempts to repeal the law and efforts are important to weaken it, it still stands. And despite all the predictions of the end of the world, the insurance industry had a very good performance during Obamacare.

New regulation
Obamacare's main objective was to make health insurance more expensive for everyone and increase their access to those who could not pay premiums because they were too poor to pay or too ill to qualify. It also aims to expand the reach of people working as freelancers, who find it difficult to buy affordable insurance in open markets.

To achieve all of this, the new law makes health insurance compulsory and imposes fines on those who are not covered. That fine has been successfully completed since 2019.

The law provided government subsidies to help people under certain income levels pay for new income. (As of October 2019, President Donald Trump suspended paying some of these subsidies to suppliers. This law also faces legal challenges. The funding issue is not resolved, but consumers who received the subsidy are not affected). ).

The law prevents insurance companies from refusing to cover or paying higher premiums for people with previous conditions. Also specified minimum requirements are specified.

Ultimately, the purpose of these new insurance laws has been to increase health benefits for all Americans at an affordable price. While many people can benefit from the new law, insurance companies fear it will be at their own expense.

However, there is one aspect of the law that insurance companies have not fully considered. That is the maximum number of new customers they will find.

New business
Interestingly, insurance companies did not expect the emergence of businesses from millions of new clients. Most of them had government subsidies (payments) directly to their suppliers. There were many other healthy young people who didn't care about health insurance until the law required. This new subsidy helped those who could not afford health insurance and put the government in the business of transferring large amounts of money directly to insurance companies. The New York Times notes that insurers become "direct legal beneficiaries."

Nearly 20 million Americans are covered by health insurance policies that they purchased from fiscal data since January 2017. According to a Gallup survey, the number of Americans living without insurance increased slightly, to 12.2 percent at the end of 2017, as program expansion completed and over time. registration has been reduced. But that remains an improvement on Obamacare's 18 percent figure in 2013.

New money
Aetna Inc. (AET), Anthem Inc. (ANTM), Humana Inc. (HUM) and United Health Inc. (UNH), four of the five major US health insurance providers, surpassed the S&P 500 index in the last three years. October 1, 2018. Cigna (CI), the best of the five, was under a 40 percent increase in the S&P 500. This period includes the end of the Obama administration and the start of the Trump administration, with all the political confusion and uncertainty that this plan entails. .

At the time, new insurance companies now seem to take advantage of the legal business. While this is a mark of a healthy industry, it also creates a lot of competition. That can help keep costs low for customers and put pressure on existing insurance. However, competition is one of the basics of a well-functioning market economy.

Besides being victims of Obamacare, the insurance industry has enjoyed huge gains from millions of new customers. This also means that at least one goal of the new law has been achieved: the increase, and the number of unarmed Americans has been reduced by about 25% to 12.2% since the law took effect. Given the pressure to repeal or weaken the law, that could change in 2019.

For the secondary purpose of greater coverage, subsidies have made insurance more accessible, but it has caused some premiums to increase to cover the minimum coverage levels now required. By the end of 2018, that increase seemed to be slowing down. Years after its approval,

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