Health insurance policies must meet minimum standards (called “essential health benefits”), including no caps on annual or lifetime payments from the insurance companies for an individual policy.Insurers are legally required to provide coverage to all applicants, regardless of medical history, with a partial “community rating” system for premiums, which means that insurers must set premiums based (mostly) on geography and age, rather than sex and (most) pre-existing conditions.
For our purposes in this article, there are four key elements of the ACA that merit our attention: There are numerous provisions that kick in at various stages, through 2020. The Affordable Care Act (ACA) was formally signed into law on March 23, 2010. Furthermore, the hilarious snags with are merely a sideshow the true problems with ObamaCare run much deeper than a malfunctioning website. No one has any business being shocked - shocked! - that millions of Americans will lose their current health insurance (including the present, irritated, writer), because such an outcome was obvious all along. The public’s growing furor over the Patient Protection and Affordable Care Act - popularly known as “ObamaCare” - beautifully illustrates Mises’s point. Near the end of Human ActionLudwig von Mises declared that it was the “primary civic duty” to learn the teachings of economics.
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