In case you haven’t been keeping up with the news lately, things have gotten really complicated in the world of health insurance (what else is new). That’s why we’re here to break things down so you understand exactly what the hell’s going on in this country.
What happened last week?
Well, the Republicans’ health care plan called the Better Care Reconciliation Act (BCRA) failed to gain support from other senators, and the bill was essentially canceled. But that hasn’t stopped Republicans from continuing their vendetta against the Affordable Care Act (ACA), otherwise known as Obamacare.
They plan on repealing Obamacare, which is a nice way of saying they’re going to tear it to shreds and then set it on fire. But the real concern here is that they plan on facilitating a repeal without a proper replacement bill, meaning millions of Americans would be at the mercy of the big insurance companies.
But what did the ACA establish in the first place?
One of the main pillars of Obamacare was to make it illegal for insurance companies to reject individuals based on your pre-existing conditions. So before 2010, if you were a cancer survivor and were shopping around for a plan, insurance companies would most certainly reject your application. Even if the application were somehow accepted, your premium would be extremely high, so you’d be paying a lot more compared to your neighbor.
Why was it like this though?
Insurance companies see those with pre-existing conditions as a liability and a risky investment. They believe someone in remission may develop cancer once again down the line, and the price for treatment would incur a high cost for the company. Therefore, the mentality is along the lines of “profits before people,” if you want to put it in blunt terms.
What’s going to happen now?
If the Republicans successfully repeal Obamacare (keep in mind they have a ruling majority), it would essentially plunge the country into a state of chaos. It would take the power from the people and give it back to the insurance companies, meaning they’d be able to discriminate against millions of Americans who deserve coverage.
If we look at some statistics released by the Kaiser Foundation, it reveals how approximately 27 percent of citizens with pre-existing (under the age of 65) would lose their coverage if Obamacare was repealed.
What qualified as a pre-existing condition before the ACA?
The following list provided by the Kaiser Family Foundation and may shock you, so hold onto your socks and take a deep breath.
- Alcohol abuse/drug abuse with recent treatment
- Bypass surgery
- Cerebral palsy
- Chronic obstructive pulmonary disease/emphysema
- Congestive heart failure
- Coronary artery/heart disease
- Crohn’s disease
- Fibromyalgia and other inflammatory joint diseases
- Kidney disease
- Multiple sclerosis
- Muscular dystrophy
- Organ transplant
- Parkinson’s disease
- Pending surgery or hospitalization
- Pneumocystis pneumonia
- Renal failure
- Rheumatoid arthritis
- Severe Mental disorders
- Sleep apnea
- Transgendered related issues
These following health issues are not considered pre-existing conditions, but insurance companies may increase your premium based on your medical records.
- Basal cell skin cancer
- Ear infections
- High cholesterol
- Joint injuries
- Kidney stones
- Menstrual irregularities
- Being overweight
- Restless leg syndrome
- Urinary tract infections
- Varicose veins
What’s going to happen in the future? What can you do about it?
The likelihood of Obamacare being repealed seems pretty high, meaning Americans should brace for impact. Remember that knowledge is power, so it’s important to properly educate yourself regarding these key terms.
For more information, you can always count on HealthQuoteInfo. If you’re feeling anxious about the future and need to speak to a professional regarding this matter, phone us at 855-614-5057.