I was born, raised and live in the U.K. I am 24 years old. I remember, on the face of things, Obamacare being a step forward for the shenanigans which is the U.S. healthcare system. But, I often see posts stating it failed. Someone please explain 🙂
I hold our NHS in high regard. I cannot imagine a healthcare system which can leave people who have worked, paid taxes for 30 years+ and are all round good citizens in financial ruins. What exactly is Obamacare and why do people say it failed?
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It was a set of regulations, that among others, created a national marketplace system for offering/buying health insurance plans, introduced tax credits for those who couldn’t afford insurance so that they may be able to, required everyone to have health insurance if they could afford it (or face a penalty that has now been set to $0/year), and also introduced regulations like the one restricting insurers from denying patients with preexisting health conditions and forced marketplace insurers to cover at least a set of declared essential health services.
One notable problem, at least in my state, is that just about every insurer except Kaiser dropped out of the marketplace exchange, leaving terrible options for those who wanted to purchase insurance using the marketplace tax credits.
A band-aid on the absolutely broken state of health care costs, but a welcome one at it I guess.
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