Obamacare Law To Be Replaced By The Patient Care Act

The Obamacare Law otherwise known as the Patient Protection and Affordable Care Act also called the Affordable Care Act was designed to provide medical insurance to Americans but is widely unpopular.

Republicans in Congress has vowed to roll back the law once they take the reign. However, taking swift actions to repeal the law will prove more difficult than previously thought.

The core legal structure for an individual mandate of the Affordable Care Act will remain in place.

President Donald Trump has also stated that he will preserve other key aspects of the law, such as requiring that children under 26 be covered under their parents' plan and a ban on insurers denying coverage for preexisting conditions.

Most important of all, although Republicans will try to dismantle the law, they have not decided on a replacement plan or when the said plan will take effect.

The Department of Health and Human Services estimates that the resultant effect of this law change will jeopardize the health coverage of around 20 million Americans who have gained coverage under the Obamacare Law as reported in an article by The Washington Post.

Another 7.3 million people would stand to lose insurance coverage due to the ripple effect of market upheavals. Insurers might abandon the market as they lose confidence. A major concern for the insurers is that they will lose government subsidies, but still leave the insurers to cover for people's health problems.

It is estimated that rhe number of people without insurance would rise to 59 million by the year 2019 and the nation will have a greater number of people who are uninsured than those of 2010 when the Affordable Care Act was passed according to a report by NBC News.

Although the federal government may stand to save tens of billions of dollars, it will come with a hefty political price in the form of political backlash and social dislocation.

© 2024 iTech Post All rights reserved. Do not reproduce without permission.

Company from iTechPost

More from iTechPost