Six Reasons

AmericaBlog has a good piece up about why the ACA is going to be good for entrepreneurs. It's important to have this sort of information out there to combat all the propaganda the Right is spewing about how the new health care law is going to destroy America.

The ones that jumped out at me were....

2. Cost containment But there’s so much more. Before Obamacare, if you decided to leave your job – or lost your job – and went to work on your own, you went back to zero with the insurance companies. Let me explain. A good friend decided to move from DC to Arizon. He was paying $250 a month for his HMO here. When he moved to Arizona, the same insurance company, Kaiser Permanente, told him they were upping his monthly premiums to $1200 a month because of various pre-existing conditions. Mind you, it’s the same company. But because he was leaving his job on the Hill, and moving to Arizona to work for himself, he lost his health insurance and had to start over again from scratch, which means paying exorbitant rates because the insurance companies treat you as “new” and basically gouge people who work for themselves.

A much overlooked point. If your work for yourself, you pay an insane amount in health insurance. No longer...

5. No more worries about annual limits I work for myself, and have the best self-employed PPO I could get from Blue Cross when I bought it in 1998 or so. Since that time, my monthly premium has nearly quadrupled. But another interesting thing happened. I found out that I have an annual limit on my prescription drug coverage – CareFirst BCBS will only pay $1500 a year for my prescriptions, and after that I’m on my own. That wasn’t such a big deal when I was younger. But nowadays, even though I don’t have any “grave” conditions, my annual prescription drug costs are far beyond the $1500 that BCBS is willing to pay for (my monthly asthma drugs alone cost around $450). Oh but it gets worse. In the past 15 years or so, when my monthly premiums have gone up 400%, how much do you think BCBS raised my annual $1500 prescription drug limit? Zero. And if I kept this plan for another 20 years, they’d still only pay $1500 a year. That’s criminal. Under Obamacare, annual limits are gone. Sadly, I need to switch to another plan that’s a good $250 a month more if I want to take advantage of Obamacare’s no-annual-limits, but I’m hoping that once the DC exchange kicks in, that price will go down.

Another overlooked point. Everyone on the Right is waiting for rates to go up but completely missing the point that they have always been going up and now will likely go down due to the increase in customers.

It's going to be very interesting to watch this law roll out. It's likely to achieve a moderate degree of success at the very least and then you can say buh-bye to what has been the foundation for the Right in the last five years. What will they do when it doesn't fail? Pretend that it did?