Wednesday, July 24, 2013

How Obama is helping medical debt

How Obama is helping medical debt

One of the ways that Obama has tried to help giving Americans medical debt help is by helping them to avoid the debt to begin with. One of the programs that will soon come into law is one that is known as Obamacare. There are mixed emotions about this program, but understanding the advantages and disadvantages will help you to decide for yourself.

The Advantages

One of the advantages is that the 30 million Americans who do not have health insurance will suddenly have it. This will help to prevent people from going deep into debt from a medical bill that they cannot afford to pay. Also, no guaranteed benefits will be cut in the process, meaning that you will only gain.

Another advantage of this is that it will also eliminate the fraud and the waste that is rampant in the medical industry. One such example would be paying $10 per aspirin capsule. Considering a whole bottle can be bought for a few dollars, this is the epitome of medical fraud that Obama is looking to get rid of.

Preventatives and wellness exams will also be free. If you are tired of paying money for it, then it is time to look at the benefits. Also, this care will enhance the patient care. Many people have thought that it will get rid of Medicare and Medicaid, but Obamacare will actually help to enhance those programs.

The Disadvantages

One of the disadvantages is that despite this healthcare, there will still be millions of Americans who do not get to have it. Another disadvantage is that it forces everyone to pay for healthcare that they might not even need. You will be forced because if you do not pay for it, then you will receive penalties and charges, which is almost certainly unfair.

Not everyone wants to be told how they can spend their money. The increased people on coverage might also raise the prices of these insurance, which would certainly be a negative.

With more people on these programs, it will mean that the hospitals will be more crowded than they were before. This could mean even longer waits to see a doctor.

There are some advantages that come with this program, but how many, a person cannot be too sure of. It is said that Obamacare will help with eliminating medical debt and fraud with the increased governmental foothold on the medical industry. It will also enhance the patient care and give them a few free services. However, many are skeptical of this program, and there are good reasons to question it. They will be forced to pay for it. Only time will tell if it will be a good thing or a bad thing. In the meantime, we encourage you to
know your options to lower your medical debt.

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