Time to Review the ACA

The ACA (Obamacare) is getting a bad rap these days because of the flawed roll out of the website and the fact that a small percentage of current policy holders have had their insurances cancelled supposedly because they don’t measure up to the standards now required under the ACA.   There is a lot happening right now.  Tomorrow is a deadline for signing up if you want coverage to start on Jan 1st 2014.

Here is a review of what we have so far:

1) Young adults can stay on their parents’ insurance until age 29 (in NYS) whereas it was 22 before the ACA
2) Seniors who have Part D Medicare coverage (prescription drug plan) pay less for co-pays and deductibles since ACA was passed. (Closing the donut hole.)
3) Insurance companies are now required to direct 80% of their premium revenue to medical care. Before, some companies spent as little as 60% with 40% directed to salaries, advertisement and other admin costs.)

There is more and I promise to post regularly.  Most of all I want to help those of us who are struggling to sign up for what ever reason.


About D. Posnett MD

Emeritus Prof. of Medicine, Weill Cornell Medical College
This entry was posted in ACA, Health Care and tagged , , , , , , . Bookmark the permalink.

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