ObamaCare Does Not Help Health Care

The changes the ObamaCare plan was supposed to bring, many don’t start until 2014. Until then, there has been significant consolidation and a limited number of choices in the health care industry. The Republican Party wish to repair the damages ObamaCare has caused, however, defunding and repealing the plan alone can’t undo the damage.

The consolidation of health care was the greatest change in the industry. According to the law, insurers must admit all patients despite previous health conditions. However, by doing so, insurers cannot profit with the present premium and provider payment plan and must cut payments to hospitals and doctors and increase premiums to make money. Hospitals and doctors are struggling. Doctors used to own x2154 of the medical practices in the country, now x2154 are employed and paid by large institutions.  

Consolidation can make the hospital system and large medical practices more efficient. However, with the many rules of ObamaCare, the government has more control over the health care industry. Consolidation has resulted in larger but less medical centers and less insurers, hospitals, drug manufacturers, doctors, device makers, nursing homes, etc. to resist policy changes. With government control over the health care system, advances in medicine will slow down, there will be limited choices, and access to specialized doctors and surgeries will be restricted.

Repealing and defunding ObamaCare will not help reverse this issue. To prevent insurers and providers from getting sucked into consolidation, taxes and other economic protection must be enacted, finding ways around data gathering, information technology, and reporting and approval requirements that were created to raise overhead until only large and regulated providers are left. Legislatures must work to promote benefits of small and independent hospitals and medical practices and the large disadvantages of consolidation.

For consumers, the system must be altered so that individuals are able to choose the type of coverage according to their needs. Tax breaks would help those who buy health care not covered by insurance and the government will not be able to limit treatment.

Health care insurance affects every person and business. It’s important that you know what policies you are buying and that you read the fine print. If you operate a small business, it might be helpful to look over the new health care laws that can help and satisfy you and your employees. You can also save your business by finding out what risks your business may face or how you can save your business money by consulting New York or New Jersey risk management agencies.