Much has been said about the latest in the health sector. Politicians continue to bicker and have no solid plan to replace the current plan. Some analysts believe that if this Trump Administration plan passes the Senate, its proposal will leave more than 23 million people without coverage by 2026. The Affordable Care Act was simply put in place to help Americans who were once unable to obtain any type of coverage. type of coverage, finally get the care you may need. Second, it has also helped more than enough people with pre-existing conditions get covered. And third, there is the concern about affordability; this is for people who do not have enough money to pay for insurance on their own, the current law provides financial assistance for those eligible to receive money from the government.
The problem with current guidelines is that plans are based on: age, geographic location, ability to pay, rising cost of medical technology, and taxes. Note that nothing is mentioned about his general health conditions. Until the underwriting process re-enters the equation, insurers will never be able to accurately measure their risk and price premiums at affordable prices. The message to insurers is the fact that no one should be denied health insurance because of their finances or health-related conditions to help protect against their financial losses when they occur.
During this era, most insurance companies, especially those that specialize in the health sector, jumped on the lower premium bandwagon knowing that there would be financial assistance to help pay for coverage. The plans were and are basically designed to take money from the American people first before paying any claims. Once claims started coming in from more than enough people, insurers realized that their premiums were too low and they began to experience financial losses. Today, it is no coincidence why, as consumers, we hear that large health providers are withdrawing from the market and are no longer willing to participate in the upcoming 2018 season under the ACA format.
The solution for consumers, we have to educate ourselves and understand well and not listen to all the media rhetoric. We need a set of insurance products that will benefit us in case there is some kind of loss. Whether it is due to the loss of a life, the inability to work for a certain period of time, or health problems, our money must be protected at reasonable rates. Do this now while you’re still healthy with the right kind of health and life insurance plans; subscription is the key.
There are more than enough life and health insurance companies offering benefits to protect your money. They never got into this affordable care dilemma. Today, insurance is still sold on the premise of an individual’s risk factors. These types of plans, whether they are: accidents, cancer, serious illness, serious illness, hospitalization, preventive care and well-being, also known as MEC (minimum essential coverage) or life insurance policies, are and will always be available.
The Affordable Care Act is a good law that needs to be revised, not replaced. In today’s environment of government uncertainty, why listen to such chaos? “People perish for lack of knowledge.” Hosea 4:6a. Now that you have been given this knowledge, do not perish; take heart and do the right thing for your family and your finances.
