Health Law Uncertainties Are Starting to Hurt Millions

Uncertainties are never good for the insurance industry. The current debate surrounding the Affordable Care Act and the new American Health Care Act is creating uncertainties that may soon jeopardize the whole healthcare industry. The Blue Cross and Blue Shield of Illinois is committed to a return to the Obamacare exchange next year, but the same can’t be said for other insurers.

This state of limbo is causing more problems than anticipated. In fact, health care uncertainties are starting to hurt millions of Americans, even before the new AHCA is signed.

Obamacare in Trouble.

The Affordable Care Act is clearly in trouble. The series of uncertainties that have been covering ACA now leave many counties with no health plans to sell in 2018. Insurance companies are pulling out of these counties, citing the uncertainty around the Republicans’ health care bill and the future of healthcare law in general as the reasons for the move.

Republicans’ efforts to drive Obamacare into collapse is becoming increasingly successful. Unfortunately, it is also causing millions of Americans to lose access to affordable health insurance in just a few months. This is a situation no one can afford to face, especially without a new health care bill to replace the ACA.

The latest statistics by the Robert Wood Johnson Foundation reveal 47 counties with zero health insurance plan to sell. While Blue Cross and Blue Shield Illinois is committed to making a return next year, companies like Anthem and Blue Cross Blue Shield Kansas City are exiting their respective markets. Anthem is leaving Ohio with one fewer option, while Blue Cross Blue Shield Kansas City has pulled out already.

The Political Incentives

It is easy to see why Republicans don’t want to fix the problems with ACA. Republicans and the Health and Human Services Department of this administration are using the failing health insurance market as an excuse to repeal Obamacare. The approach is a smart one, at least from a political standpoint.

Without a clear replacement for Obamacare, however, this will only lead to more problems. The 23 million Americans that will lose health care under the House version of AHCA may even lose their healthcare before the new healthcare bill passes the Senate.

A Push for More Certainty

What the Trump administration and Congress need to do is create a climate of certainty. The health law and policy department of Hofstra Law recently compiled studies that suggest plugging the ACA while formulating a better, stronger AHCA are the things to do to reverse the damages being done today. Students who are studying for their health law degree are using the current healthcare debate as the perfect case study.

It is also unfortunate to note that such an ideal situation may never be implemented. As mentioned before, the political incentive of a failing Obamacare is too good for the Republicans to miss. We can only wait and see as Republicans try to formulate a better AHCA and get it passed as quickly as possible, regardless of the consequences that come with the new healthcare bill.