There has been an ongoing appeal to change and replace Obamacare, and the republicans have shelved their plans to repeal Obamacare, so the sweeping health reform act remains that law of the land. There is great turmoil in the white house and it is about Obamacare on the brink of its abolishment and many people are worried about the impact on them.
The Patient Protection and Affordable care Act, or more commonly known as Obamacare is not going anywhere at least not in the near future. There has been a record of roughly 12.2 million people who have signed up for the policies shouldn’t see any major changes.
In 2015, the U.S. health care costs were $3.2 trillion which makes health care on of the U.S. industries that has the biggest budget equaling to 17.8 percent of the gross domestic product. These number translates to $9,990 a year per person in healthcare costs, a huge leap from the $146 per person back in 1960.
Plus the tax you pay if you don’t buy into the insurance system is tough to understand. In just last year, the health care insurance has increased to 2.5 percent. The previous President promised that if an individual likes his or her plan, he/she can keep it for good, but health insurance companies have canceled plans for almost more than 1 million people because they didn’t comply with the ACA’s 10 essential health benefits. The ACA changes how Medicare reimburses hospitals.
There are a number of reasons why Trump wants to replace Obamacare, and of it being it is not cost efficient. For example, it offers four types of insurance policy levels: Bronze, Silver, Gold and Platinum which makes it a confusing healthcare and insurance system and even harder for the average American to understand.