The Benefits of Obamacare

Posted October 11, 2013 | Filed under topic Obamacare

Chances are you’ve heard of Obamacare sometime or another. You probably know it’s going to affect everyone in the United States. This is why it’s important for you to understand this new law. Let’s take a look at what Obamacare is and some of the benefits of Obamacare.

What is Obamacare?

Obamacare is the name given to a new law, officially called Patient Protection and Affordable Care Act. This law was signed by President Barack Obama on March 23, 2010, and it was upheld by the supreme court on June 28, 2012. Its goal is to give more Americans access to cheap, quality health insurance, and to cut the total cost on health care in the United States. However, Obamacare doesn’t replace existing health insurance. If you have health insurance through a private company, you can keep it.

Who Can Benefit From Obamacare?

Pretty much anybody can feel the effects of the benefits of Obamacare. It is especially beneficial to those who do not currently have health insurance. They will now have access to top-quality health insurance that is also affordable. This is great news for people that need health insurance that do not currently have it because health insurance is extremely beneficial and very important for someone’s safety and security if something were to go wrong and they would need health care.

The uninsured aren’t the only people that benefit from Obamacare. People who are already insured are also affected by the new law. People may not realize it, but they’ve had a noticeable boost in their coverage. The quality of many health insurances was forced to give their people a boost in their coverage. This is a way to eliminate those health insurance companies that are only out to make a “quick buck” off of innocent people. They were forced to give a huge boost in their coverage, even if there was a small increase in the rates. This helps those with the problem of insurance not giving them the most for their money. As a matter of fact, over 60 percent of all those that go bankrupt do so because of medical-related problems. Nearly ¾ of all of those that went bankrupt over health-related problems did so even with health insurance. This is because of the lack of coverage in certain health insurance plans. Obamacare will do its absolute best to protect people against this.

Ten Benefits of Obamacare

There are several coverage boosts that happened with Obamacare. Of those, the “Ten Essential Benefits” was created. The Ten Essential Benefits happened to set a limit on the minimum amount of coverage that a health insurance company is allowed to provide. These specific benefits will come into effect for all health insurance plans beginning on January 1, 2014. Below is a list of ten benefits of Obamacare.

• Emergency services
• Laboratory services
• Preventive care
• Vision and dental care for children
• Substance abuse treatment and mental health
• Prescription drugs
• Rehabilitative services
• Pediatric care
• Hospitalizations
• Outpatient and ambulatory care

Other Laws

There are other laws that fall in the category of the benefits of Obamacare. First, there will be no more denials for pre-existing conditions. There will also be more primary care physicians throughout the county. There will be a set of essential benefits with a minimal coverage level. Finally, there will be a Medicaid expansion for coverage of low-income individuals. These laws will benefit the average human greatly.