Share on Google Plus Share on Twitter 8 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (9 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   3 comments

OpEdNews Op Eds

The Real Truth About ObamaCare

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; , Add Tags Add to My Group(s)

Well Said 1   Funny 1  
View Ratings | Rate It

opednews.com Headlined to H3 3/22/14

Become a Fan
  (105 fans)
- Advertisement -

Source: Robert Reich Blog

From http://www.youtube.com/watch?v=E9r93OxpE8g: The Truth About Obamacare
The Truth About Obamacare
(image by YouTube)
  DMCA

Despite the worst roll-out conceivable, the Affordable Care Act seems to be working. With less than two weeks remaining before the March 31 deadline for coverage this year, five million people have already signed up. After decades of rising percentages of Americans' lacking health insurance, the uninsured rate has dropped to its lowest levels since 2008.

Meanwhile, the rise in health care costs has slowed drastically. No one knows exactly why, but the new law may well be contributing to this slowdown by reducing Medicare overpayments to medical providers and private insurers, and creating incentives for hospitals and doctors to improve quality of care.

But a lot about the Affordable Care Act needs fixing -- especially the widespread misinformation that continues to surround it. For example, a majority of business owners with fewer than 50 workers still think they're required to offer insurance or pay a penalty. In fact, the law applies only to businesses with 50 or more employees who work more than 30 hours a week. And many companies with fewer than 25 workers still don't realize that if they offer plans they can qualify for subsidies in the form of tax credits.

Many individuals remain confused and frightened. Forty-one percent of Americans who are still uninsured say they plan to remain that way. They believe it will be cheaper to pay a penalty than buy insurance. Many of these people are unaware of the subsidies available to them. Sign-ups have been particularly disappointing among Hispanics.

- Advertisement -

Some of this confusion has been deliberately sown by outside groups that, in the wake of the Supreme Court's "Citizens United" decision, have been free to spend large amounts of money to undermine the law. For example, Gov. Rick Scott, Republican of Florida, told Fox News that the Affordable Care Act was "the biggest job killer ever," citing a Florida company with 20 employees that expected to go out of business because it couldn't afford coverage.

None of this is beyond repair, though. As more Americans sign up and see the benefits, others will take note and do the same.

The biggest problem on the horizon that may be beyond repair -- because it reflects a core feature of the law -- is the public's understandable reluctance to be forced to buy insurance from private, for-profit insurers that aren't under enough competitive pressure to keep premiums low.

But even here, remedies could evolve. States might use their state-run exchanges to funnel so many applicants to a single, low-cost insurer that the insurer becomes, in effect, a single payer. Vermont is already moving in this direction. In this way, the Affordable Care Act could become a back door to a single-payer system -- every conservative's worst nightmare.

- Advertisement -

 

http://robertreich.org/

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
Related Topic(s): ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

The Minimum Wage, Guns, Healthcare, and the Meaning of a Decent Society

Why the Right-Wing Bullies Will Hold The Nation Hostage Again and Again

The Gas Wars

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
3 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

You say "The biggest problem on the horizon that m... by Stephen Kemble on Sunday, Mar 23, 2014 at 2:40:58 AM
Working? Uh yeah right. Take a look at the truth:... by Bill Johnson on Sunday, Mar 23, 2014 at 11:30:18 AM
Calling for immediate repeal has hidden repercussi... by Doc McCoy on Tuesday, Mar 25, 2014 at 9:00:24 AM