With all the Presidential hopefuls and their supporters saying (on TV) that Obama Care is a complete and total disaster, you, like me, have probably wondered what ObamaCare actually is. Jonathan Gruber, the M.I.T economics professor who created ObamaCare, explains this thoroughly in his book, Health Care Reform. The first few chapters tell “what it is,” “How it works,” and “why it’s necessary. Before we look at what he says, later, we will discuss the connection between credit & health insurance – and how eos cca (debt items of this nature) can get in the way of getting health insurance.
In this book, Professor Gruber introduces Anthony, Betty, Carlos and Dinah – and follows them through the healthcare proces after they have a heart attack. Anthony works for a medium-sized company that provides him with a health care plan that pays the entire cost of his treatment. His heart attack costs him nothing out of his pocket. Betty, a retired senior citizen, has Medicare, the universal coverage program she enjoys with about 1/6 of the U.S. Population, winds up paying about $1,000 out of pocket, for her heart attack treatment.
“Carlos,” though, “is a little more than taken aback. He and his family are in the minority: They aren’t offered insurance by their employer, and, therefore, must buy insurance in the smaller Non-group Market, which covers about 12 million Americans.”Carlos’ heart attack cost him $2,500 out of pocket costs in spite of his very high premiums, and afterward his insurance company raised his premiums sky high and canceled his coverage when he could not pay. Then there is Dinah, who has no health care coverage, at all.
Her bill for her heart attack treatment came to $50,000. When she couldn’t pay, the cost was passed on to the companies that provide full coverage for their employees, and when Carlos needs medical attention, his only option is the Emergency Room – and the cost of his treatment will wind up adding more cost to the businesses who provide full coverage for employees.
Because these employees have only so much money to pay for employees, they take the extra charges out of pay raises, exacting deep pay cuts; and let employees go, who become uninsured instantly, adding to the upward spiral of health care cost, debts and (inevitable) confrontations with diversified debt collection or other debt collectors. So, what can be done? ..That is where Obama Care comes in!
Professor Gruber’s heath care plan, enacted by Congress as the Affordable Health Care Act, is designed to address this issue of spiraling healthcare costs caused by the lack of coverage of many people. It requires, by law, that all Americans have affordable health care insurance, whether paid for by employers or by the those insured with Obama Care, by their premiums and the U.S. Government. This way there are no uninsured citizens passing their unpaid bills onto the private insurers, thus nipping the spiraling cost (problem) in the bud. Those who refuse to obtain health care insurance will be required to pay a special tax that will go into Obama Care. This way no one can game the system by paying only when they are sick. That would crash the power of this plan.
President Obama wants to nationalize health care, to put the government in charge. The modern term for this is “socialized medicine”, which has been tried in numerous countries over the past century, with poor overall results.
Health Care Reform, by Jonathan Gruber, also addresses common objections to Obama Care. It points out, for example, that the requirement of auto insurance has not caused America to become socialists, and has not ruined the American people in any other way. Other points of contention are also addressed.
Through the health care bill, Affordable Care Act, President Obama has attempted to usher in an overall change, in a manner in which the healthcare system (and healthcare insurance) works. As per this bill, more American will enjoy healthcare benefits and more health care rights will be provided to them. Thus, from now on, all the Americans will have better healthcare protection irrespective of the fact of whether they reside in low, middle or higher up on the income echelon of society. Those who have trouble footing a medical bill (of any kind) and incur the debts of collection agecies, like transworld collection , may need to seek the help of credit expers.
Health Care Reform by Jonathan Gruber (the primary author of the Affordable Health Care Act) is presented in a user-friendly comic book format. It is short, precise and to the point and takes only very little while to read and comprehend. For this reason, Mr. Gruber’s important role in making the understanding of health care reform accessible, I recommend it to anyone wanting to understand what it is, why it is necessary and how it works, when it comes to The Affordable Health Care Act!