-
Essay / Health Insurance Policy in the United States
Over the past year, as well as previous years, we have seen a steady increase in premiums if you have health insurance. In fact, just over 3.2 million Americans lost coverage or simply went without it to pay their premiums. As the Republican Party continues its efforts to undermine and repeal Obamacare, we can expect this trend to continue. To end the 2017 calendar year, we did not see an increase in uninsured cases like previous months, which is good news. We find, however, that approximately 12% of adults nationwide now do not have adequate health coverage. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayNow, we haven't closely monitored who has or hasn't had health insurance over the years. We started tracking these statistics around the recession in 2008. And 2017 showed the biggest drop in the number of people insured since 2008. Now, as we said earlier in our article, more than 12% of adults Americans are without health insurance, which primarily includes adults under 25, African-Americans, Hispanics, and low-income people simply because they are undervalued. The coverage declines would suggest that they go hand in hand with the fact that this is the first year in which Americans have been fully required to have health insurance or face the tax penalty. This was the first year in which coverage from individual health plans sold on the Obamacare Marketplace was available. The pre-market uninsurance rate of Obamacare for calendar year 2014 was approximately 18 percent for adults. When Obamacare took effect in January 2014, uninsured rates fell to 13.4 percent. Fast forward to the end of 2016 and we were up to 10.9%. Over the past three years since 2014, approximately 20 million people have gained health insurance coverage through the Affordable Care Act. But this was not limited to exchange projects, but also extended Medicaid benefits in most states to low-income people. When Trump was sworn in, people started to feel insecure. His administration has consistently shied away from promoting anything related to Obamacare, instead publicly and consistently denigrating it. They are continually working to replace and repeal everything that was put in place by Obamacare. It remains to be seen whether this will be for better or worse. Repeal efforts have failed so far, but many are concerned about the penalties that may or may not be in store as well as the increase in their premiums? Many are dropping their insurance policies, due to rising costs and uncertainty about what the future holds. Another main reason we've seen a shortage of health care policies is because many large health insurers have stopped selling Obamacare on the stock exchange, resulting in few options for individuals and an increase premiums due to supply and demand. Overall, we can expect more people to lose coverage due to the tax bill recently passed by Congress, which gutted Obamacare and estimates that about 13 million more people could no longer be ensured over the next decade. Although some analysts predict it will be much lower than that. Make sure you have exhausted all measures..