The Patient Protection and Affordable Care Act (ACA has resulted in changes in the health insurance sector in various ways. The most significant effect it has led to is the rising in premiums and deductibles especially with health insurance selling plans (Pestieau & Lefebvre, 2018). Most of the ACA provisions makes health payers to spend most of their cash on covering medical services among the sick population. The emergency care providers are nowadays do not have authority to provide health services. The customers therefore incur high insurance rates which is difficult to manage.
There are various reasons for the rising of premium rates. First, the legislation has brought other medical coverage for an additional number of people and abandoned the preexisting conditions clause. There are many differences in the risk pool for the health plan populations. There are many differences in the role which these health care providers used to paly within the healthcare delivery system (Pestieau & Lefebvre, 2018). Additionally, the act requires the individuals in charge to get the full cover of preventive services such as cancer screening and other immunization programs. Some of the act has also made some of the insurers to have a scale investment.
There act has also resulted in a significant effect on the cost of health insurance companies. There is rise in premium cost and other rates of insurance. Other plans are also sold on the health insurance exchanges. It results in an increase in insurance rates because most of the people cannot afford such high rates. There is rise in cost of provision of services making the premium rates to increase.
Pestieau, P., & Lefebvre, M. (2018). Social versus Private Insurance. Oxford Scholarship Online. doi:10.1093/oso/9780198817055.003.0009