Professor C. Ja’net Chapelle
8 December 2013
One of the cons that I chose for the Affordable Care Act would be a higher premium. Something that Kyle Wingfield said was that “Obamacare prohibits a ratio of more than 3:1 -- meaning younger, healthier people are being charged more to subsidize people who are older and/or have poorer health habits” which means it’s not actually going to be cheaper. He’s going to be charging somebody more money to make up for him lowering the price for someone else which is going to cause high premiums (Wingfield). Although Obama says he can save the average family $2,500 on their premiums they could in fact double. ...view middle of the document...
It is a fact that insurance premiums will be increasing and of course those costs will be passed on to the consumers. The Washington Post published an article showing the cases of just a few Americans who were willing to tell their story and explained how, “The growing backlash involves people whose plans are being discontinued because the policies don’t meet the law’s more-stringent standards. They’re finding that many alternative policies come with higher premiums and deductibles”(Sun and Cha). A 50-state study found that insurance premiums will be going up under the first year of this act in 45 of 50 states (Tucille). This is a huge number of citizens experiencing a new unplanned expense, that on top of that will be higher than usual. Essentially CNN Politics’ website explains that, “This means that the government’s new coverage mandates may force some consumers to pay more...” (CNN).
The individual mandate will go effective on January 1, 2014. If people aren’t insured by then there will be a penalty of a certain amount that you will be charged for not having health insurance. On one of the resources it says the business will go active on January but after March 31st is when the penalty will kick in. If you don’t get a health insurance plan by March 31, 2014 you won’t be able to get covered by any other health care insurance. This applies to everyone living in this nation except for lower income Americans who only qualify for Medicaid or for example...