The Pros And Cons Of Medical Insurance

When foreigners arrive at the United States, medical insurance is one of the most difficult topics they struggle with. How much is it? Which provider should I choose? What kind of insurance plan would fit my needs? Hollywood movies portray people without a medical insurance as homeless, poor, or unsuccessful. Honestly saying, I am not afraid to lose my job as much as I am afraid to lose my medical insurance. Unregulated medical charges and increasing drug prices make us slaves of giant pharmaceutical groups. According to the performance-management consulting company, Gallup, 58% of U.S. adults favor the idea of replacing the law with a federally funded healthcare system that provides insurance for all Americans (Gallup).
In 2010, President Obama signed the Affordable Care Act (ACA), known as Obamacare. Obamacare has a lot of pros and cons, so I will try to cover the most important parts of it. One of the positive things I personally noticed is that patient cannot be turned down by an insurance company because of a pre-existing condition. Another good side of this law is that people with low incomes would contribute even less because medical expenses are covered by additional

Society was afraid of changes and uncertainty, some of the promises President Obama made turned out to be untrue. One of the vivid examples was a promise that patients could continue using their current insurance plans and utilize services of any doctor they wanted. Besides all of this, people were not able to sign up because Obamacare website was overloaded with requests and could not perform under such a high load. Time has passed, and a portion of unsatisfied consumers dropped significantly. CNBC reports that “A total of 77 percent of people with private Obamacare plans and 88 percent of people on Medicaid said they are "very" or "somewhat satisfied" with their coverage according to the Commonwealth Fund