Two years ago SEIU nurses and healthcare workers helped move our country in a new direction with the passage of the Affordable Care Act. Many benefits of healthcare reform are already making a difference:
- Patients are no longer denied care because they’ve hit a lifetime limit of benefits, and children can’t be denied coverage for pre-existing conditions.
- We’re seeing better access as preventive care becomes free of charge in new plans and young adults can stay on their parents’ plans until age 26.
- And insurance companies have new accountability, as states have new resources to prevent insurers from unjustified premium hikes and a guarantee that our premiums must go towards care delivery, not marketing or profit.
Who benefits from healthcare reform?
- 32 million Americans will gain affordable, quality healthcare under the new law.
- 1.2 million young adults will gain access to healthcare coverage through their parents’ health plans.
- 4 million small businesses will be eligible for healthcare tax credits to provide lower cost health insurance to their employees.
- 44 million seniors will receive free preventative care and those who hit the prescription drug ‘doughnut hole’ will pay less for life-saving prescriptions.
- 129 million Americans won’t be denied care for chronic illnesses and pre-existing conditions after 2014.
A Guide to the Affordable Care Act
- In 2014, tax credits will be available to help families making up to $88,000 pay for healthcare.
- 15 million more Americans will be eligible for health coverage under Medicaid in 2014.
- Small businesses can group together and get the same kind of rates as big corporations.
- Competitively priced insurance offered through state-run exchanges, starting in 2014.
- Insurers cannot deny children coverage because of pre-existing conditions.
- Insurers are not allowed to drop people from health plans because of illness.
- After 2014, insurance companies barred from denying coverage to anyone with pre-existing condition.
- Basic benefits do not change.
- Free annual checkups and wellness programs.
- New efforts to eliminate waste, fraud and abuse in Medicare system.
- More affordable prescription drugs for those who hit the “doughnut hole.”
- In 2014, families will pay lower premiums through state health insurance exchanges . A family of four with an income of $33,525 could save as much as $14,900 per year.
- As of 2018, seniors can expect to save on average $200 per year in premiums, more than $200 per year in coinsurance.
- According to the Congressional Budget Office, the law would save more than $100 billion over the next ten years, and more than $1 trillion in the following decade.