On Monday a Gallup report poll revealed that at least one Obamacare promise has partially come true. The promise was that the number of uninsured Americans would drop and according to this survey it has. The Gallup poll numbers equate to about 4 million Americans who were uninsured in 2008 now have coverage. This by the way is a little less than the 7+ million number that the Obama administration touted last week. To be fair if you take the numbers of Americans who lost their employee coverage or simply chose the exchanges over their offered plans at work, the numbers could work but that’s way too much math for me to do for a 90 second feature. Its also not the main part of my point.
My point is the after affect of the Obamacare or the resulting promise. In order for Affordable care act to truly work there is a secondary element that is basically the “trusting of the open market element”.
The Healthcare law mandates coverage in order to increase the amount of people with coverage and therefore decrease the amount of people who just go to the emergency room with no intention of ever paying their hospital bills which forces hospitals to raise prices for the rest of us who pay. The other cost saving element is supposed to be the Insurance companies gaining so many new customers that they will lower prices for the rest of us. Seems like an awful lot of trust towards some people who lets face it, arent the most trustworthy.
If all goes well the hospitals should start lowering prices within the next couple years and insurance companies should start lowering prices in the next 15 months or so. Thats the unicorn and rainbows hope But then again we currently are working on the trust system with Gas companies and banks that is supposed to lower prices and we all see how that is going.