Emotions raged high yesterday, June 28th, 2012, as Obama announced his health plan was upheld by the supreme court with a victory of 5-4. Democrats and the general public cheered on of this victorious win. Republicans however are convinced this is indeed a mistake and an unwanted expansion of the government. Undoubtedly it’s because it will cost them a loss of millions of profitable dollars. Millions of Americans now have access to healthcare. Specially those with pre-existing illnesses. Also, children can be covered under their parents care until they reach the age of 26.
The Affordable Care Act – At-A-Glance:
Ending Insurance Company Abuses: Thanks to the Affordable Care Act, insurers can no longer put a lifetime cap on how much care they will pay for if you get sick or cancel your coverage when you make a mistake on your paperwork. Starting in 2014, health insurers will be prohibited from charging you more because you are a woman.
More Affordable Care: Today, we have the new 80/20 rule: insurance companies must spend at least 80 cents of your premium dollar on your health care or improvements to care. And insurance companies must publicly justify their actions if they want to raise premiums by 10 percent or more. And States have more power to block them.
Coverage for Young Adults: Under the Affordable Care Act, young adults under age 26 can stay on their parent’s health insurance plan until age 26 – a change that has already allowed 3.1 million young adults to get health coverage and given their families peace of mind. For more information on how the Affordable Care Act impacts young adults please Click here.
Coverage for Pre-Existing Conditions: The Pre-Existing Condition Insurance Plan in every State offers an option to people who have been locked out of the insurance market because of a pre-existing condition like cancer or heart disease. And under the new law, insurers can no longer deny coverage to children under age 19 because of a pre-existing condition like asthma and diabetes. Starting in 2014, health insurers will be prohibited from discriminating against anyone due to pre-existing conditions.
Preventive Benefits: All new health plans must now cover preventive services ranging from mammograms to vaccinations for your child, without making you pay a copay or deductible.
For more information on how the Supreme Court Decision and the Affordable Care please go to: http://www.healthcare.gov/law/index.html