The Obamacare plan, also known as the Affordable Care Act (ACA) will take effect on October 1st, 2013. And with a week away from it's first historical milestone, many of us are left wondering what exactly we can expect from Obama’s new policies. Here’s the scoop...
From 2014 the ACA law will require the majority of folks to buy insurance or face a $95 fine, so it's worth knowing more about the act and how it might affect you as a young woman. Here's what you need to know.
From October 1st, Americans who don’t have health insurance will be able to enroll through state-based online market places, similar to buying a plane ticket or cell phone plan online.
Washington D.C. and 16 other states have decided to created their own exchanges, meaning customized regulations and varying prices and options are available. The remaining 34 states will be run by federal government.
Costs will be kept low with exchanges including select hospitals and physicians. Further details have come out following a report released last week by The Health Research Institute of PricewaterhouseCoopers.
They said: "Insurers passed over major medical centers in Chicago, Indiana, Kentucky, Los Angeles, Tennessee and elsewhere in an effort to tamp down hospital and medical costs. Doing so enables health plans to offer lower premiums. But the use of narrow networks may also lead to higher out-of-pocket expenses, especially if a patient has a complex medical problem that's being treated at a hospital that has been excluded from their health plan."
Although it all seems great, it’s not all cheers and whistles for Obama. His opponents are trying to “scare” people from signing up by devaluing his plans for the America’s future, but Mr. Obama doesn’t give up a fight easily. In fact, he’s so confident in the initiative that he assured Conservatives and the people that the public will fall for it’s advantages.
Obama said: "When people look and see that they can get high-quality, affordable healthcare for less than their cell phone bill, they're going to sign up.”
From January 1st, 2014 coverage through the exchanges will become active and it looks like there's some pretty good incentives for young women too.
A sigh of relief for student and graduates - you can stay on your parent's health insurance policy until you're 26. Even if you end up getting married somewhere down the line, your parents will be able to cover you until your 26-years-old, a major improvement from 21 we'd say!
And since we've had free preventative care since 2012 things have only improved for American young women. This new initiative is stretching its benefits far and high for us ladies. Starting next year all health care packages will include 10 essential health benefits and lucky for us, we no longer have to worry about maternity cover as it will be included in our healthcare plans - a luxury only 12% of American women had previous to Obamacare.
As the cherry on top, gender ratings will be outlawed starting next year! We've got a feeling this will be a significant year for feminism in America.
What do you think? Tweet us @wewomenusa