Affordable Care Act - Affording the De-Funding

Repealing three of the taxes that have help fund the Affordable Care Act will cost our government more than lost coverage.

It's estimated that in the next decade, with the elimination of the Cadillac, health insurance, and medical device tax, the cost to the government will be close to $374.0 billion in lost revenue.  Removing the funding has many wondering how expanding health care coverage to all Americans is possible.  While it seems as though access to affordable health benefits is something most agree upon, paying for it is an entirely different dilemma.  

As the 2020 enrollment period ended, individual health care premiums were lower. Yet, the entire law is in jeopardy with no back-up in place, elevating anxiety, and confusion among those needing it most!

The good news is the ACA is still intact for now.  The marketplace that was created for individuals to shop for health plans is still up and running.   The political discord around the ACA had many thinking it was a thing of past and the fact that very little outreach took place during open enrollment to channel the uninsured to the website.

Another positive is that premiums are down nationally by 4% in what turns out to be a very stable health platform.  This does require some work in shopping around on site HealthCare.gov to find the best plan even if you're already enrolled.  Experts advise that regardless of whether you're new to the ACA or a 'veteran,' it pays in savings to shop!

The Affordable Care Act and how to fund it remains uncertain. Still, regardless of the changes that may be on the horizon, nothing drastic that will affect anybody will change overnight.