If you still haven’t signed up for an Affordable Care Act compliant health insurance plan for 2016, you’ve truly reached your last opportunity to do so. The final deadline to get coverage for this year and avoid the penalty for non-compliance is January 31, 2015.
We have discussed the many important reasons to get covered, shared as much practical information about the ACA as we can, but when it comes right down to it, you have to make the decision for yourself.
In an effort to put the Affordable Care Act in perspective and to consider our individual roles in the health reform process, here are a few statistics to think about:
The ACA is about enforcing the baseline belief that every single person should be able to get access to affordable health care when they need it. To that end, 16.4 million formerly uninsured people have gotten coverage since the ACA passed.
It also means that larger amounts of previously marginalized groups are getting coverage. Since 2013, the uninsured rates have dropped 9.2% for African Americans and 12.3% for Latinos, not to mention 7.7% for women. That’s a big change over a short amount of time!
The amount of uncompensated care that hospitals have had to provide has dropped dramatically too, reduced by an estimated $7.4 billion in 2014.
The insurance marketplace has also increased the choice of insurance providers so that people can get more competitive, affordable coverage.
Cost increase is also slowing to a record low. Since the law was passed, the average price of health care grew at its slowest rate in 50 years.
The quality of patient care has also improved! Since 2011, problems acquired while receiving care or treatment at a hospital have fallen significantly, saving approximately 50,000 lives and $12 billion dollars.
These statistics make it clear that, despite all the criticism in the media and elsewhere, the ACA has been a success and should continue to evolve going forward.
So if you’ve gotten great, affordable ACA-compliant health coverage through Axess Advisors or anywhere else, why not tell someone about it? We believe education is the key to growing the good things that the Affordable Care Act has already accomplished.