The Obama administration has a tall task in convincing the public regarding the beneficial side of this all-new Affordable Care Act, as most of the Americans remain skeptic. The picture is different in different states. In some there is going to be a decline in costs of medical claim related to individuals, while in others there is going to be a double-digit increase in individual markets related to health care. The disparities are surely striking and this is the cause of resentment. Estimates indicate that by 2017 the figures for various states is going to be vastly different with a 62% increase in California, 67% for Maryland, 20% in Florida, and 80% increase for Ohio.
The reason for higher claims is the increase in the number sick people who are going to join this pool with the passage of time. The Government however at the time is keeping mum regarding the effects of the Affordable Care Act on the individual budget and labels the finding of various reports at best, ‘speculative’. However, officials confirm that the costs of health care protection for some people are going to go up. There are certain upsides too. For example, women until now had to pay a higher premium simply because of their gender. From now on, this will not be the case, since a number of men will also come under this high premium category, which is no longer gender-biased.
Officials are hoping that Government subsidies can make the insurance affordable to the public and decrease the overall rates. The primary impact of this health care law is going to be with people that do not have employment coverage therefore, there are no estimates as of yet for various employer plans.
Whatever be the case, the latest reports based on the finding of the Society of Actuaries is becoming a headache at the time when the Obama administration is hoping to implement long-term reforms in the American Healthcare System.
