Why the ACA Failed and my ideas to fix it

The Affordable Care Act has failed.

HEALTHCARE HAS BECOME UNAFFORDABLE SINCE THE ACA WAS PASSED

  1. Premiums have increased

  2. Deductibles have increased

  3. Copays have increased

THE ACA HURTS THE MIDDLE CLASS THE MOST

  1. Self-employed and those working for small businesses do not qualify for any subsidies and have seen astronomical rise in the cost of their plans.  As a result, they have been priced out of the market.

  2. Individuals that make above $48,000, and couples that make above $64,000, receive no subsidy and unfortunately can not afford to buy a $15,000 policy.  To add salt to the wound, they were penalized with a fine in the name of 'individual mandate.'  Thankfully, this awful penalty has been reversed under the Tax Cuts and Jobs Act of 2017.  Jim Himes voted against repealing the individual mandate.

THE INSURANCE MARKET IS NO LONGER AFFORDABLE WITHOUT A SUBSIDY

  1. The ACA broke the insurance market by including non-insurable risk

    • The correct solution is is to create a separate pool for those with pre-existing conditions and subsidize that pool.  As a result, those with preexisting conditions would still be able to buy subsidized insurance without penalizing the remainder of the pool.

  2. The ACA prohibited lower cost plans ​​

    • By mandating a one-size fits all approach, it makes costs prohibitive for many Americans.  

    • The correct solution is to offer a variety of plans.  These plans should have offered different coverage levels at various price points with CLEAR and CONCISE DISCLOSURES.

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