Affordable Health Care Not So Affordable in 20172survive
The Affordable Healthcare Act (ACA) is supposed to be “affordable,” but the numbers are showing otherwise. The results of a study, released Thursday night, revealed that the cost of premiums are steadily climbing.
As a matter of fact, the federal government (taxpayers) will pay out $42.6 billion in 2017. That’s quite a jump from $32.9 billion in 2015.
Premiums for ACA customers are projected to increase by 22% next year. On average that means ACA customers will go from paying $291 this year to $367 next year.
Fraud also seems to have become an issue. People are abusing the system and enrolling in ACA during special enrollment periods only if they are ill or experiencing other major life events.
“This report confirms what we’ve known all along: Bad actors are taking advantage of loose enforcement mechanisms to access highly subsidized health care plans,” said Rep. Kevin Brady, Texas Republican and chairman of the House Ways and Means Committee
However, according to a CMS spokesman, things are going just as planned.
“The Affordable Care Act is covering 20 million Americans, and 2017 marketplace premiums remain on par with the Congressional Budget Office’s November 2009 projections,” CMS spokesman Aaron Albright said.
The incoming administration is looking to repeal Obamacare and replace it with something different. The Republican plan includes subsidies based on age. A plan where subsidies would increase as people got older.
As you can imagine. There are many questions to be answered and more discussions to be had.
My question is if I’m paying for coverage, am I really “covered?” Who is in my network of doctors and what kind of money will I be paying if I go out of network for a doctor I must see?—All important questions, especially for survivors.
“In truth, coverage isn’t health care,” Mr. Brady told reporters Thursday during a break in Republican brainstorming sessions at the Library of Congress.