License# 0H87234
How does Obamacare save me money?
Obamacare is taking health insurance reform by storm! Instituted by President Barack Obama, Obamacare, also known as Obama care, the Patient Protection and Affordable Care Act (PPACA), the health care reform, and the Affordable Care Act (ACA) was signed into law by President Barack Obama on March 23, 2010 and was upheld by the Supreme Court on June 28, 2012.
The main goal of Obamacare is to give more Americans access to affordable healthcare and insurance, and in addition, to reduce growth in healthcare spending in the United States.
First, Obamacare makes sure that insurance companies, already charging fortunes, does not hike up their rates. How is this possible? Obamacare insists that insurance companies must spend at least 80 percent of the money YOU are paying them, on YOUR medical care and quality improvements beneficial to YOU. Only 20 percent is allowed to be spent on other causes, like advertising, overhead, and bonuses for executive employees of the insurance companies. If the insurance companies do not follow suit, Obama care forces these companies to giving YOU a rebate. In 2012 alone, 8.5 million Americans received half a billion dollars in refunds from their health insurance companies, thanks to Obamacare.
Does your health insurance company randomly increase their rates? Thanks to Obamacare, insurance companies are now responsible for publicly explaining these random raises.
Medication is a huge expense for the American people. Health insurance companies rarely cover the costs of all necessary medications for the average citizen. As senior citizens desperately rely on Medicare to cover their health costs and especially medications, Obamacare has successfully relieved these citizens. Thanks to Obamacare, in 2010, nearly four million senior citizens received a $250 check to help with their costs. In 2011, 3.6 million people with Medicare received a 50 percent discount worth a total of $2.1 billion, or an average of $604 per person, on their brand name prescription drugs. In the future, Seniors will be seeing additional savings on covered brand-name and generic drugs while in the coverage gap until the gap is closed in 2020, thanks to Obamacare.
Obamacare has helped Senior citizens by giving recommended preventive services such as flu shots, diabetes screenings, as well as a new Annual Wellness Visit, free of charge. So far, more than 32.5 million seniors have already received one or more free preventive services, including the new Annual Wellness Visit. These services by Obamacare will help prevent the elderly from illness, saving them money, saving the government money, and thereby saving YOU money.
The number of American Senior citizens who joined Obamacare's Medicare Advantage plans increased by 17 percent between 2010 and 2012 while the costss for such plans dropped by 16 percent – and seniors across the nation have a choice of health plans, furthering the lowering of costs of medical health insurance plans.
Obamacare's Affordable Insurance Exchanges are one-stop marketplaces where consumers can choose a private health insurance plan that fits their health needs. Starting in 2014, these Exchanges will offer the public the same kinds of insurance choices members of Congress will have. Obamacare will be saving the American people millions if not billions of dollars in health coverage and care.
We Also Offer The Following Insurances
FREE CONSULTATIONS TEL: 760.398.1745
The website is owned and maintained by [Atay Ramirez / Rag Consulting LLC], which is solely responsible for its content. This site is not maintained by or affiliated with Covered California, and Covered California bears no responsibility for its content. The e-mail addresses and telephone numbers that appear throughout this site belong to [Atay Ramirez / Rag Consulting LLC] and cannot be used to contact Covered California.”
