Much has been said about the latest developments in the health sector. Politicians continue to argue and do not have a solid plan to replace the current plan. Certain 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 implemented to help consumers. Americans who were once unable to get 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 coverage. And third is the concern about affordability; This is for people who do not have enough money to pay for insurance on their own, current law provides financial assistance for those who are eligible to receive money from the government.
The problem with current guidelines is that plans are based on: age, geographic location, ability to pay, the rising cost of medical technology, and taxes. Note that nothing is mentioned about your general health conditions. Until the underwriting process is back in the equation, insurers will never be able to accurately measure their risk and set premium prices at affordable rates. The message for insurers is the fact that no one should be denied health insurance due to finances or health-related conditions to help protect against financial losses when and if they occurred.
During this era, most insurance companies, especially those specializing in the healthcare industry, jumped on the bandwagon with lower premiums knowing that financial assistance would be there to help pay for coverage. The plans were and are basically designed to take money from the American peoples first before paying any claims. Once the claims started coming from more than enough people, the insurers realized that their premiums were too low and they began to experience financial losses. There is no coincidence today why, as consumers, we hear that the large healthcare 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 get a good understanding and not listen to all the rhetoric in the media. We need a set of insurance products that will benefit us in the event of some kind of loss. Whether it is a loss of 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 based on a person’s risk factors. These types of plans, whether they are: accident, cancer, critical illness, terrible 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 and not superseded. In today’s environment of government uncertainty, why listen to such chaos? “People die for lack of knowledge.” Hosea 4: 6a. Now that you have been given this knowledge, do not perish; go ahead and do the right thing for your family and your finances.