To introduce something that can overcome Obamacare’s failed objectives, is an ambitious step.
In the true sense, Obamacare was supposed to lower the cost of healthcare services in America; in fact, at the time of its enactment, Obama promised to bend the cost curve to help reduce the overall bills of healthcare services. He sought to enhance investments in information technology, healthcare delivery, and reform the overall payment structures. Through these investments, he postulated a healthcare saving margin of $2,500 for each household in America. However, the changes in cost are yet to be seen. First, the overall cost of healthcare services is still high owing to the services offered by insurance companies. These companies still use the same policies used before the Affordable Care Act, which ensures that they contribute the minimal amounts towards their customer’s healthcare bills.
Secondly, several states across the country refused to participate in the Medicaid expansion law. This law would have facilitated adult healthcare coverage reducing their overall expenditures. The states disinvolved crippled the agenda set by the Obamacare bill. It is not difficult to understand the increased expenditures seen (and will be seen) in the healthcare industry; both private and public institutions are expanding their limits in an attempt to increase their profit margins. These high expenditures would obviously, be passed on to the consumers.
Obamacare’s failures have led to the emergence of many proposed reforms, for instance, those proposed by the President elect-Donald Trump. To him, the ACA law is solely based on partisan votes in the House of Senate, and his proposed reforms start with a complete elimination of the law. This strategy might work because, for one, no one will be forced to buy a medical cover. Secondly, the existing laws prohibit the sale of medical cover across state lines. When eliminated, any vendor with proper state requirements will be able to sell an insurance cover that offers services across all states, therefore lowering the overall expenditures for people travelling across a state line. Furthermore, Trump’s proposal will allow the American citizens to have healthcare saving accounts that are tax-free which will help the current savings situation.
Trump’s proposals, in this regard seem viable, and may perhaps work in favour of the American citizens. This success, however, will be determined by the level of transparency in the healthcare sector. The coming administration must remove the current barriers in the healthcare industry that will see drug providers having an easier access to a free market. Despite the failures of the ACA, people still prefer it to the proposed reforms, especially considering they all come from Republicans. On one side, American citizens don’t like the outcome of the ACA healthcare law because it has failures. Today, the overall costs of healthcare services are still high, more than any other time in the American history. However, few still believe the proposed reforms will do any better. Yes, Obamacare is still popular because of its originally set objectives. The objectives seemed reasonable to meet and therefore, would have fixed the healthcare industry. But some of its objectives have backlashed. To think of another set of reforms will change the same system that has repelled the simple objectives of Obamacare, is a tall order. As a solution, it would be better if the coming administration could focus on ways of harnessing the benefits of the industry and thus provide equal opportunities for all healthcare providers. This is the only solution to the current healthcare problem.