In many states throughout the nation, the Affordable Care Act has yet to make the impact once imagined by lawmakers. But here in California, experts say we’re doing it right! After implementing the new law in 2013, our state has recorded some of the most dramatic gains in healthcare coverage.
Just how dramatic are the changes? In 2013, before the ACA was implemented, 23.7 percent of adults in California lacked a health insurance plan. In 2015, that number had plummeted to 11.1 percent. After this year’s Open Enrollment season, we’re confident the new number of uncovered Californians will drop even lower.
Unlike in many other states, California officials embraced the ACA. Our state lawmakers expand built a health insurance marketplace that allowed Californians to enroll in affordable, quality healthcare plans. Health insurance companies who want to participate in Covered California must adhere to stringent requirements, so that only quality healthcare plans are offered on the market.
Even with premiums rising, most Californians find Covered California plans to be affordable. All healthcare plans sold via the exchange must cap out-of-pocket expenditures for patients, so that individuals can afford the cost of doctor visits and prescription medications.
A recent study by the Kaiser Family Foundation found that more than three-quarters of the newly insured are happy with their plans, reporting that their healthcare needs are now met. Less than half said they were receiving necessary care before the ACA was implemented in California. Even better, the majority of respondents said they new worry less about other expenses, such as transportation, housing, and even food.
Given the overwhelmingly positive impact of the ACA, we’re gearing up for another successful Open Enrollment season. With most Californians qualifying for subsidies to help with the cost of health insurance premiums, healthcare coverage might be more affordable than you think! Give us a call, and we’ll answer any questions you might have about the enrollment process.