The Patient Protection and Affordable Care Act’s reforms of the individual health insurance market — a mix of carrots and sticks aimed at restoring the market to functionality — may fall short for many who will remain medically uninsured for various reasons.
For self-employeds, The New York Times piece shows the calculation on whether to participate is sharply focused on the present state of their health and finances. It also identifies what might be termed “older invincibles” — middle aged people in good health who don’t believe they will have a major illness or injury that will make buying coverage worth the cost, which rises with age. For some, that even includes factoring in advance premium tax credit subsidies.
Need a speaker or webinar presenter on the Affordable Care Act and the outlook for health care reform? Contact Pilot Healthcare Strategies Principal Fred Pilot by email