The Affordable Care Act has presented a new set of money conundrums but I no longer feel I’m playing Russian roulette with my health and my financesWinter is nearly upon us and with it another test for Obamacare. No,it hasn’t proved a cure-all for America’s broken healthcare. However, let’s not forget what the Affordable Care Act did accomplish, or as we stare grimly at our policy renewal statements this winter and contemplate the (rising) premiums and (much,much higher) deductibles.
For the first time, Obamacare meant that insurance companies couldn’t deny coverage to people based on pre-existing conditions; they couldn’t cap coverage at a certain dollar amount over the course of a year or a lifetime. They didn’t accept to charge higher rates based only on gender, or based on any medical condition (unless you’re a smoker). College students and other young people can stay on their parents’ medical insurance until they are 26.
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Source: theguardian.com