When President Obama came into office, he passed the Affordable Care Act (also known as Obamacare) to fix the ever increasing problems of healthcare in our country.
Some of the big problems of healthcare are:
1) It’s very expensive and the cost for coverage is rising year after year.
2) Because it’s so expensive, people can’t afford it. They either decide not to buy it at all, or they buy the cheapest version, which may not cover them entirely if something really bad happens.
3) If they don’t buy it all or are underinsured and something does happen, they will have tons of medical bills to pay, and those bills are very expensive. In fact tragically, 50% of all personal bankruptcies are caused by medical bills (Health Care for All – California Organization)
4) Underinsured people are piling into emergency rooms and by law hospitals can’t turn them away. The number and space of emergency rooms in the US are decreasing and the number of uninsured people piling into those rooms is increasing.
Obamacare is a form of universal healthcare, which will provide every U.S. citizen with healthcare. How will we pay for it? Everyone will pay something according to their means. That money is put into a pool and disbursed, so that everyone will be able to have health insurance. This law will also keep you insured under your parents until age 26.
Although President Obama’s healthcare plan will fix most the problems I named earlier, there is a catch. Currently the U.S. Supreme Court is evaluating Obamacare to see if it is unconstitutional or not. Healthcare is a provided to citizens through insurance companies which are privatized and never in the history of the United States has someone been forced to buy a privatized good. In Obamacare, you will be forced to buy healthcare insurance, and if decline, you will have to pay a penalty.
A private company is essentially a company that is owned by me and you-not the government. An example could be a movie theater, Target, Wal-mart, or the Cheesecake Factory. Insurance companies are just like these companies because they are privatized- owned by citizens and not the government. The big issue is: Can the government force people to buy a privatized good?
The U.S. Supreme Court will decide if Obamacare is constitutional or not on Thursday, June 28, 2012. If the healthcare bill is voted constitutional, Obamacare will be implemented in 2014. If Obamacare is voted unconstitutional it becomes null and void. The mandatory extension of health care coverage under your parents until age 26 will be gone and insurance companies would have the right to exclude an individual based on pre-existing condition (A pre-existent condition may be diabetes or heart disease).
Take the poll to see where you stand on our current healthcare problem.