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Despite the beliefs of many that the new healthcare reform plan is the demise of the healthcare system in this country, the existing healthcare system has been on a crash course for destruction for quite some time. If changes were not made, the year 2019 would see 30 percent more people without health insurance in 29 different states, and at least 10 percent more in all the other states. In 27 states, premiums for businesses would have doubled. Fewer individuals would have had employer sponsored healthcare insurance coverage. Everyone, from individuals to businesses, even states themselves, have felt the pressure of rising healthcare insurance costs.
The new health insurance reform bill means significant change. Millions of people currently without medical insurance coverage will be able to get health insurance. Premiums and out-of pocket costs will be lower. The new system offers health insurance stability, so that regardless of whether you are unemployed, changing jobs or self-employed you will have access to health insurance that is high quality and cost-effective. It is the hope of many that the new health insurance market, also known as the health insurance exchanges will be competitive enough to keep the cost of coverage down.