5 Things To Know About Enrolling In Affordable Care Act, or Obamacare

5 Things To Know About Enrolling In Affordable Care Act, or Obamacare

Fighting the exorbitant cost of healthcare is being discussed in the U.S as well as all over the world. The affordable care act in the US has become a polarized issue. Many people are opposing it and wondering as to what will be the future of healthcare in the United States of America. A number of components in it are misunderstood by the people, thus creating confusion and a negative attitude towards the act. The open enrollment period of 2018 begins on Nov 01 2017.

Across the population of U.S, the one thing common to this healthcare is confusion. There are many things about it that people either don’t understand or misunderstand. Let us look at the 5 things that everyone should know about this health care act.

1.Private insurance is not replaced by it

There is a misconception among many people that Obamacare is replacing health insurance, Medicare, and Medicaid. This is not true. In fact, it works along with private insurance and aims to regulate insurance practices. This regulation will result in every citizen getting options that are affordable and have access to the affordable healthcare. The ACA cannot work without private insurance as the government has no health care plan of its own.

2.Healthcare exchange to provide more choices

Healthcare exchange will come up along with ACA and will be able to offer a number of choices for citizens to select the most suitable one for themselves. The citizens can choose either the low-cost health insurance or opt for the higher cost private insurance for healthcare with more options. The liberty of the citizen is not being stripped as believed by many. It will give them more choices in fact and help in saving expenditure on account of their healthcare.

3.ACA regulates practices followed by insurance companies

A cap ceiling will come into force on the sum of premiums collected towards healthcare. Insurance companies will have to charge premiums to their customers within the limit. The clause of the preexisting condition is being removed. Till now insurances companies used to refuse coverage in case of certain existing health conditions of the person. This regulation will bring down the cost of health insurance and citizens can save on it.

4.Deficit of the government is expected to lower

A general complaint heard from a lot of people is that ACA will create an increase in the already huge deficit. It is not so, the reality is that by the end of the year 2022, the citizens of US would have saved an amount of $ 84 billion on account of ACA.

5.30 million more people will be brought under insurance coverage

Most people say that it is not possible for them to have health insurance coverage due to their low earnings. By offering a number of low-cost options people will get a chance to choose the policy that is affordable to them. People in excess of 30 million will get insurance coverage who are not able to afford it presently.


Contrary to the public perception of Obamacare, there are many benefits that will give affordable health insurance even to the people having lower incomes. The aim of it is to improve the quality of life of millions of Americans and also make health insurance more affordable.

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