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Healthcare Impact 2013: Understanding the Affordable Care Act – Part VIII

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Benefits Still Widely Unknown Under Obama Care

A survey commissioned by indicates nearly two-thirds of Americans who currently lack health insurance don’t know yet if they will purchase coverage under the Affordable Care Act.

Why is that a problem?  Insurance Quotes senior insurance analyst Laura Adams explains, “Young healthy people need to sign up to make it affordable for everyone.”

That’s because they will be paying into the system in the form of  premiums, but they are the least likely to make claims.  The are healthy.

Adams says Americans just don’t know what is being offered and how they fit in, “Fifty-eight percent say they don’t know whether they’re eligible, so this is part of the reason why people say they don’t know what they’re going to do.”

Adams says the federal government and those setting up the federal and state exchanges where health insurance will be bought and sold need to begin a massive education program, “We have a huge knowledge gap that’s gotta be bridged in just a few months.”

A few months, she explains, because enrollment for the new insurance plans is set to begin October First, continuing through the end of next March for coverage that begins next year.

Another disturbing information gap is reflected in the Insurance Quotes survey.  Less than half of those polled think they’ll get better health care after Obamacare takes full effect.  The believe the program will make it harder for them to get tests and procedures done in a timely manner.

The Affordable Care Act is supposed to serve many segments of the American population, not the least of which are those who fall into the low-income category.  The survey reveals that 68 percent of that subgroup are not sure they qualify for tax credits that would subsidize their purchase of health insurance, despite the fact that they almost assuredly will qualify.  That means those who would benefit most, may be the least likely to enroll, at least in the initial stages of the program.

Click below to hear JP’s Interview with Laura Adams of

For more information on the Affordable Care Act, CLICK HERE for the full website.

Read the rest of the Healthcare Impact 2013 series

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