The Affordable Care Act (ACA), also simply known as Obamacare, was enacted into law on March 23, 2010. The purpose of the ACA was to initiate a complete overhaul of the U.S. healthcare system make healthcare more assessable and more affordable to Americans who could not obtain health insurance. Although the ACA sounded good in political speeches, no one knew of the problems it would create for Americans because, as Rep. Nancy Pelosi, D. Cal, famously said, “We have to pass the bill so we can find out what is in it.” Although the ACA has helped some Americans obtain health insurance, the ACA has made the U.S. healthcare industry worse and I am very much against it.
The ACA has had some positive benefits, but only to a select few Americans. One positive benefit of the ACA is that insurance companies are no longer allowed to reject or drop someone from coverage due to preexisting conditions. The second positive aspect of the ACA is it has made
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Insurance companies were forced to raise their premiums to cover the increase number of unhealthy people signing up for health insurance. The cause and effect of this led many insurance companies to withdraw from the exchange, leaving only one insurance company to cover a state or rural region, because the insurance companies were no longer able to remain profitable. Even though insurance companies are in business to help people cover their medical bills, they are still a business to make a profit, not a charity. Insurance companies also had to raise their premiums to provide the expanded coverage the ACA required, whether the individual needed it or not. I was a victim of this. As an extremely healthy individual with an employee sponsored insurance plan, my premium went from just over $350 per year to almost $300 per month. For some, the premium went up to $1,500 per