As Nancy Pelosi informed us, we won't exactly know until it all takes effect. The Affordable Care Act is still rolling out and the major changes start in January 2014.
Some things we do know, the insurance companies won't be able to decline or charge extra to people with poor health. That will definitely affect premiums for everyone. It will make premiums less affordable for people who were already paying for their own health insurance and DID health qualify.
It will require a lot of people to buy health insurance that didn't buy it before. That part will be good for the insurance companies.
It has required that they operate on a 20% margin. This has caused them to tighten up and lay off thousands of salaried and hourly employees.
Most likely in my opinion this is an experiment that is doomed to fail. Once it fails, the whole health insurance system will go to a single payer government run system exactly like Medicare. That will be an improvement over this. But it will be very, very expensive on our tax payers.
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Some things we do know, the insurance companies won't be able to decline or charge extra to people with poor health. That will definitely affect premiums for everyone. It will make premiums less affordable for people who were already paying for their own health insurance and DID health qualify.
It will require a lot of people to buy health insurance that didn't buy it before. That part will be good for the insurance companies.
It has required that they operate on a 20% margin. This has caused them to tighten up and lay off thousands of salaried and hourly employees.
Most likely in my opinion this is an experiment that is doomed to fail. Once it fails, the whole health insurance system will go to a single payer government run system exactly like Medicare. That will be an improvement over this. But it will be very, very expensive on our tax payers.