You May Save Some Green with Lower Healthcare Premiums but…

(Image courtesy of: http://blogs.the-american-interest.com/wrm/2013/10/09/obamacares-biggest-problem-emerges/)

(Image courtesy of: http://blogs.the-american-interest.com/wrm/2013/10/09/obamacares-biggest-problem-emerges/)

This article, Lower Health Care Premiums to Come at Cost of Fewer Choices by Robert Pear, was about how health insurances will offer premiums at lower prices under President Obama’s new law with a drawback. Many companies fail to mention why they are changing their prices and that is because they are severely limiting choices of doctors and hospitals sponsored that are available to consumers. So, in many of the states, companies are driving their premiums down and limiting options for doctors and hospitals. According to the article, consumers should be ready for harder and more limited options to make next time they go to renew their plans as the health insurance companies are losing their commercial influence with the effect of Obamacare. As a result, House Republicans and Tea Party Members are trying to repeal the bill because this marks a significant drop in the business of health care. This also means that consumers will have to pay higher out-of-pocket expenses and make longer drives to hospitals and such to get their treatment. Whatever it may be, it signifies a great change in the business of healthcare.

http://www.nytimes.com/2013/09/23/health/lower-health-insurance-premiums-to-come-at-cost-of-fewer-choices.html

 

About Aashish Pareek

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