Health insurance: the race against time

There is still time for Congress to pick up the pieces of changing the healthcare system to help stabilize it. The fate of the Affordable Care Act has yet to be determined. Meanwhile, people wait while paying extremely high premiums and there are mountains of cash bills on the kitchen table. Where is Affordable Care Act Affordability?

Tick ​​Tock also for the insurance companies. They have a timeline for submitting dates this summer. Insurance companies have time to decide if they still offer ACA plans or not. Repealing ACA plans takes things back to before the law was signed into law. This time capsule can be good for many.

The insurance companies can start screening for health problems. Don’t panic just yet! Years ago, the only problem with pre-existing conditions wasn’t “whether” an insurance company would hire you, but which one. Every insurance company had personalities for health issues. Just because a major insurance company rejected someone didn’t mean you couldn’t get health insurance from another company. Insurance brokers just had to match the personality with the insurance company. It’s that simple.

If nothing happens by the end of March, we could see more health plan increases in 2019. This is terrible news for people who are about to lose their health insurance because of the cost. Not everyone is doing well enough to pay for their health insurance without a problem, and many more are not eligible for government subsidies for premiums.

Governors in Alaska, Ohio, Colorado, Pennsylvania and Nevada came up with “A two-pronged blueprint for improving the performance of our health system.” It brings together a high-level overview of what should be done. It doesn’t get specific enough to make a difference. Maybe it’s too early at this point. However, policyholders need some answers, and hard evidence that something will change that will benefit them.

Class action by 20 U.S. states recently sued the federal government alleging that the law was no longer constitutional following the repeal of the individual mandate as of 2019. Individuals and families who lack ACA-compliant coverage will no longer be fined in 2019 . was the rule enacted by the Supreme Court in 2012 saying it was constitutional as a tax penalty.

The future of the law and health plans are yet to be determined. Since 2014, it seems that most policies change every year. Every year the premiums go up and the policies cover less. At what point is the breaking point? With this race against time, we will have to wait for the clock to stop to know if real change is on its way.