The rising cost of health insurance has imposed a heavy burden for our nation. Over the last decade, the insurance premium for working families has grown three times faster than wages. Small businesses have seen health became one of the largest operating cost. And the increased State and federal government spending on medical programs have crowded out critical investments in schools, new roads and other areas.
If health care costs continue to rise unchecked, they will threaten U. S.
2010 law reform gives Americans the health insurance market is truly competitive. In the past, insurers can go with a big rise in premiums since there is little transparency or accountability. People see their insurance rates go up but have little way of knowing whether an increase is justified. In markets where consumers have less information, pricing and insurance company profits skyrocket.
The affordable care ACT is putting consumers returned to action with two new rules that shines the light of the much needed in health insurance markets. The first requires insurers to justify premium increases of more than 10 percent and to post information online. The second is
The affordable care ACT also make affordable health plans for small businesses and individuals by creating market-based insurance exchanges in the country. In this new marketplace, consumers will be able to see all their options in one place. Health plans with the same benefits are compared in