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New Health Insurance Could Replace Obamacare

May 7, 2015 By Jack M. Robinson Leave a Comment

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New Health Insurance Could Replace The Obamacare

A new health insurance could replace Omabacare, as the Affordable Care Act has failed to provide the medical coverage that U.S. citizens need.

President’s Barrack Obama health care plan continues to fail as more and more U.S. citizens show less interest in the new Affordable Care Act.

The ACA was designed as a low-income health insurance meant to offer medical coverage to people who have less financial resources. Despite the promising advantages, the Obamacare failed to convince people to resort to health insurances.

The Affordable Care Act was adopted in 2010 in order to diminish the percentage of medically uninsured population. Back then, reports revealed that 16.5% of the population had no medical coverage for possible health affections.

Current figures show that the percentage has now dropped to 12, so only 4.5% of the population has resorted to the Obamacare.

The promoters of Obama’s health insurance program could consider the 4.5% percentage decrease a success, but Americans claim a new medical coverage should be implemented. The government is, nevertheless, satisfied with the changes that ACA has made so far.

Among other low-income advantages the Obamacare also promised federal government subsidies for citizens who can’t afford to pay health insurance. What’s more, the Affordable Care Act provided medical coverage for children until the age of 26, whose medical services are paid by their parents.

The majority of Obamacare opponents have argued that there are many advantages they never benefitted of.

First of all, users were not able to keep their doctors, although the Act clearly stated that “if you like your doctor, you can keep your doctor”.

Second of all, the health insurance guaranteed a reduced ER time; in reality, the promise never materialized as doctors complained more patients have relied on emergency room services in the past years.

Analysts expect to face a powerful competition wave in health care services in the following period as many health insurance companies are forced to shut down their businesses. A lower percentage of health insurance companies means fewer choices for consumers and possibly higher prices.

Given the previously mentioned circumstances, a new health insurance plan could easily overthrow the Affordable Care Act. The new health care act should be able to respond to all the aforementioned needs of the American citizens in order to convince people to get medical coverage.

Image Source: Inquisitr

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About Jack M. Robinson

Jack enjoys keeping abreast of everything connected to economic indicators. A School of Journalism, Michigan State University graduate, he loves covering monetary policy and company financials and has a particular interest in writing about the latest gadgets.

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