Now that the Supreme Court has upheld the Affordable Care Act a little perspective may do us all some good.
The ACA will provide health insurance to millions of uninsured. The law also ends insurance company denials because of pre-existing conditions, eliminates lifetime caps on insurance and allows millions of young adults to stay on their parents insurance policies’ until age 26. The law’s expanded healthcare coverage will also help patients obtain preventive care and hopefully avert unnecessary disease.
The ACA has a number of positive attributes that are difficult to deny no matter your personal feelings about the theatre that surrounded the process of creation of the law and the court’s ruling. We can’t lose sight of how we got here because the ACA doesn’t solve all of our problems.
If the saying “a picture is worth a thousand words” is true, the picture I’m sharing below is worth a few billion words – and dollars.
Anyone with private insurance knows all too well that premiums have increased dramatically over the past few years and that is what is demonstrated in the graph below. As reimbursement from Medicare and Medicaid has been reduced and the number of uninsured has risen, cost has been shifted to commercial insurance.
Cost shifting is one of the reasons our healthcare system is in need of repair.