3 Primary Groups Obamacare will Benefit

As Obamacare kicks in and health insurance marketplaces go live, there is going to be a paradigm shift in terms of how people perceive health insurance shopping.
Obamacare, the name given to Patient Protection and Affordable Care Act that was proposed by President Obama, is a health reform that is purported to bring better coverage at cheaper prices to the entire nation. The main aim of this act is to provide quality coverage to each and every American, irrespective of medical history or financial status. However, even though it is a pretty balanced act, there are three groups that are going to benefit immensely from this health reform.
1. People who earn too much – This is the particular group of people who are earning so much that they cannot qualify for Medicaid program, but not enough to cover all their medical expenses on their own. Their insurance broker portal will now allow them to apply for new healthcare plans through the exchanges established by PPACA. These exchanges will offer much better plans at much competitive rates to realize one of the base aims of the act.
2. People who earn too little – Broker portals will now have special arrangements for people who earn too little for them to afford health insurance. PPACA has special privileges for people living around the poverty line, up to 138% above the poverty line. The health exchanges will offer special subsidies for such people and health plans won’t be allowed to distinguish among them if they have a preexisting medical condition. In a nutshell, it is going to serve as a major benefit for people with existing ailments and inability to afford medical expenses.
3. Employees – Employees of each and every large organization will get greater benefits and better health insurance coverage through PPACA. Employer portal of most employees and states will undergo transformation to accommodate these new mandates of the act, thereby giving additional coverage, freedom to choose plans and competitive premiums to most employed individuals in America. The same will be implemented for small employers through SHOP exchanges.
Although the PPACA is designed to help each and every American, research shows that the greatest benefits will be availed by the above three groups. Even though most Americans would fall under one of the three groups mentioned above, the benefits might not be the same for all. In due course of time, benefits will spread out to all the Americans and they will be able to make use of broker portals and health insurance marketplaces for their health insurance needs.