We’re about four months into President Trump’s first term and Obamacare lingers. But for how long?
The president says the Affordable Care Act (Obamacare’s official name) will collapse on its own, that it’s a terminally ill patient with limited time who was declined treatment by Congress.
Now, most people aren’t on Obamacare plans. Those who are tend to be the most sick. The young people who are cheap from a medical insurance perspective must either be on their parents’ plans, or have coverage through an employer.
The legal mandate hasn’t scared enough of them in. So insurers are losing money on these plans, and they won’t keep doing it forever.
Unfortunately, people on the exchange could be in a tough spot if/when it goes.
They got there because the pre-Obamacare system wasn’t working. So going back doesn’t make sense. Nobody wants to go back to when you couldn’t get coverage because of a preexisting condition.
We spend way more on care than anyone else, yet are less healthy than other countries. The average American will be outlived by the average Japanese person and most average European people.
Plus, not everyone has coverage or coverage options. This year, more than one-third of U.S. counties have only one health care marketplace insurer available. What happens if that insurer leaves?
Some counties have no provider or one that is too unaffordable to be realistic. What about them?
I’ll make a similar recommendation to the one a few weeks ago when I said spend store credit if you have it. If you have an Obamacare plan, get care while you still can.