What are the biggest misunderstandings about Obamacare
Many of the following 14 Obamacare myths emerged during the Trump health care reform debate. It is surprising that many of these myths still persist as the facts say otherwise. Make sure you know the truth about the Affordable Care Act so that you are not misled.
Myth 1 : Thanks to Obamacare, health insurance costs are increasing.
Truth: The health insurance premiums have risen, but not because of the ACA.
For example, the premiums for company-sponsored family plans rose by 4.8 percent annually between 2005 and 2010. Since the ACA was passed, the premiums have risen more slowly at 3.8. Percent per year.
The premiums for privately purchased plans rose 15 to 20 percent annually between 2005 and 2010. In 2013, the health insurance companies were opened and 39 percent recorded an increase. But 46 percent of the students saw lower bonuses, according to a Kaiser Family Foundation survey.
Many people experienced higher rates because now had to add the 10 essential health benefits to their plans. But health insurance costs rose even faster before Obamacare.
Myth 2: Under Obamacare, you are forced to pay higher premiums for services that you do not need, such as pregnancy, childbirth and maternity.
Truth: In any health insurance plan, someone pays for services they know they will never need. A marathon runner will never need diabetes treatment, women will never need prostate exams, etc.
Obamacare requires obstetrics to reduce overall healthcare costs. That's because Medicaid pays for 50 percent of all births. It costs taxpayers less to ensure these women get prenatal care. That's cheaper than the emergency room treatment that comes from botched home deliveries.
Myth 3: Obamacare is socialized medicine, just like in Canada or the UK.
Truth: Not really. In the UK, doctors are employees of the federal government. In Canada, the government pays most of the medical bills. This is comparable to America's Medicare and Medicaid. The ACA is expanding Medicaid to include middle-income families, but most of the expansion is taking place in the private insurance market.
Why do more than half (57 percent) of Americans believe the ACA is socialized medicine? President Obama's first proposal was for federally funded health reporting to Congress. It declined his suggestion. Ironically, Obamacare is now forcing Congress onto the private exchanges like everyone else. In this particular case, the ACA cut down on socialized medicine.
Myth 4: President Obama promised, “If you like your plan, you can keep your plan, period.” He said that the ACA itself did not cancel anyone's plans. Plans were "grandfathered in" if they existed before the ACA was passed and minimum requirements were met.
Truth: A million people lost their plans because theirs Some companies that did not meet the ACA's requirements chose to drop plans instead of changing them.
Even some "grandfathered in" policies have been dropped. 3,414 customers in Maryland and Virginia Humana did the same for 6,544 plans in Kentucky. They decided that maintaining a wide variety of plans at different costs made no sense.
Many employees lost their plans because their companies decided to pay the fine, knowing that their workers could find cheaper plans on the stock exchanges.
Myth 5: Obamacare is penetrating the doctor-patient relationship by letting government bureaucrats make decisions about your treatment, not your doctor.
Truth: Your relationship with your doctor hasn't changed. Bureaucrats were always involved. Your doctor will decide on the treatment. Then an employee of the insurance company decides whether they are covered.
The insurance company also determines how much it covers and how much it pays the doctor. For Medicare and Medicare, the government is involved in this decision by acting as an insurance company. The ACA did not change any of this.
Myth 6: Obamacare lowers the benefits for Medicare.
Truth: Benefits were not cut, although 44 percent of respondents believe they are. That's because the ACA cut Medicare funding by $ 716 billion in 10 years. But the cuts affect providers and not recipients in these three areas:
- Hospitals got $ 260 billion less because the ACA changes the way they are paid. Previously, they were paid "chargeable" for every test and procedure. Now they are switching to value-based care based on successful results. You should get better care at a lower cost.
- Medicare Advantage insurance providers received $ 156 billion less. The ACA limits cost increases to one percent above economic growth. The plans had grown 5.9 percent a year over the past five years and cost attendees 17 percent more than the regular plans. The government decided to stop the overpayment.
- Home care, skilled nursing services, and hospice received the rest of the cuts.
The ACA increased Medicare benefits. Medicare now includes free preventive care, such as physicals and mammograms. In 2020, beneficiaries will receive 100 percent funding for Part D “Donut” prescription drug costs.
Myth 7: All of your personal and medical information is gathered in a huge database. The government will use it to keep a better eye on you.
Truth: Health insurers ask for a lot of personal information; they need to fill in things like your social security number, income, and whether you smoke. The IRS uses this data to check against its records to make sure you qualify for the grant. The smoking question is because insurance companies can charge more for smokers. The government already has most of this information.
The ACA requires healthcare providers to computerize their records. This could one day be linked to the data on the exchanges. Could a despot use this database to control your life? Probably, but there is already so much data out there on you that your privacy is already at risk.
Myth 8: My tax money is used to offer free health insurance to immigrants who are illegally in the country.
Truth: Almost half (47 percent) agree with this statement. In fact, illegal immigrants are prohibited from getting Obamacare. You can get preventive care in community health centers. This is supposed to reduce health costs. Emergency rooms still need to treat everyone. With more people in the country using health centers illegally, there are less expensive emergency room bills.
Myth 9: Obamacare's benefits in childbirth lead people to come to the United States to have their children become American citizens. These "anchor babies" make it easier for parents to become citizens themselves.
Truth: Hospitals must treat everyone who shows up in the emergency room. Medicaid reimburses approximately $ 2 billion annually to hospitals that treat at least 100,000 people without legal approval. California alone receives a billion dollars. But that existed before the ACA. Does it create an incentive for people without documentation to give birth in the United States? Maybe, but it's more likely that jobs are the main motivator. This is clear because in America during the recession there were fewer people in America when the jobs were scarce.
Myth 10: Companies are not hiring because of Obamacare.
Truth: Only a few companies are required to have insurance. More than 95 percent of companies with more than 50 employees have already offered insurance. Of those who did not, only 10 percent said they would reduce their workforce or reduce their working hours. Some of them admitted hiring more part-time, temporary or agency workers to circumvent the requirement. Companies with fewer than 50 employees are exempt. These small businesses create 65 percent of all new jobs.
Myth 11: The Affordable Care Act is much better than Obamacare.
Truth: They are two names for the same thing. Lots of people think they're different. Forty-five percent of Americans in a 2012 Gallup poll approved the ACA, while only 38 percent approved Obamacare.
Myth 12: Most Americans think Obamacare should be repealed.
Truth: More than half (54 percent) of Americans are against Obamacare, but only 35 percent think it should be abolished. 16 percent think it is too conservative. Twelve percent think it has already been overturned and 7 percent think the Supreme Court ruled against it.
Myth 13: Obamacare put up "obituaries" that enabled the government to make end-of-life health care decisions for Medicare patients.
Truth: The ACA suggested that Medicare should provide 100 percent free coverage for medical appointments to discuss end-of-life treatment. This included beneficiaries wishing to discuss non-resuscitation orders, end-of-life guidelines, and lifestyles. Thanks to the controversy, the provision has been dropped. Forty percent of people believe it exists.
Myth 14: The ACA created "Taxmageddon," a massive $ 800 billion tax hike over the next 10 years.
Truth: Tax increases at Obamacare last $ 76. 8 billion a year. That is the highest amount in history. The next biggest surge was the 1993 Deficit Reduction Act. It raised $ 65.9 billion a year. The 1982 tax increase is the third. Inflation, population growth, income growth and economic growth are not taken into account.
When inflation is factored in, the 1982 tax hike was largest, bringing in $ 85. 3 billion. If you compare the tax hike as a percentage of the total economy, the 1942 tax hike to finance World War II was the largest. It was 5. 04 percent of total economic output. That is more than ten times more than the 0.43 percent for the ACA. (Sources: (Source: "Americans Still Have Big Misunderstandings About Obamacare," ThinkProgress, Mar. 21, 2013. "Some Insurers Abandon Plans," Wall Street Journal, Oct. 3, 2014. "Biggest Tax Hike in History?") FactCheck .org, July 10, 2012.)
More about Obamacare
How much will Obamacare cost me? | Federal poverty level | How does it work? L | Advantages and disadvantages
Cost of Obamacare | Obamacare Explained - Simple Enough So Your Child Will Understand |
Health care reform timeline | Why Reform Healthcare
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