In: Operations Management
The elimination leads to more non-insurers and more uninsured Americans, more citizens with problems because of pre-existing conditions, a rise in the federal deficit and an increase in health care expenses.If a prospective patient has a pre-existing condition ACA forced insurers to cover anything, but elimination means denial of insurance. But it is not so easy to maintain protections for pre-existing individuals when eliminating a large part of the law.When insurers are required to extend their policy rolls to patients with pre-existing conditions, it costs money. This was done by the statute, which provides coverage for even young and healthy people who have no prior insurance. Nonetheless, those provisions to ensure that everyone is protected are possibly abolished as they are one of the least popular aspects of the legislation. To keep afloat, many or all insurers might need to stop providing insurance or raise premiums. The Medicare, the health program for Americans 65, will certainly have an effect on a complete abrogation.
According to the Kaiser report, an abrogation would restore higher payments for services performed under the Medicare Advantage Managed Care section. This would in turn probably lead to increased benefits for Medicare Advantage customers. An end to the assurances given by law that patients can be accessed openly preventive care may also boost prices, travel costs or both.The existing policyholder already spends an average of about $3,200 per year on premium, which would increase to $4,700 per annum.
Akosa Antwi, Y., Moriya, A. S., & Simon, K. (2013). Effects of federal policy to insure young adults: evidence from the 2010 Affordable Care Act's dependent-coverage mandate. American Economic Journal: Economic Policy, 5(4), 1-28.