Here’s How Investors Are Making Money Off Obamacare
Because the Affordable Care Act was designed as build-on to the existing system, filling in the gaps left by Medicare and Medicaid to expand health care coverage to America’s millions of uninsured, the reform is “a complex and somewhat ugly patch on a complex and somewhat ugly system,” according to Princeton University’s Uwe Reinhardt. But there will be several moments in the next months and years when the Affordable Care Act will show itself to have been either a successful reform of the American health care system or merely a “complex and ugly patch.”
At the one month mark — November 1 — the Department of Health and Human Services must have resolved the technical glitches that are preventing potential enrollees from purchasing policies. When the enrollment period ends in six months, at the end of March, the checkpoint will be how many families and individuals purchased policies. The target highlighted by the White House is 7 million, a relatively modest number when considering that 48 million people were without coverage in 2012. Even more important is how many of those enrollees were young, cheap-to-insurance individuals — a demographic that needs to pay into the system in order to balance out sicker enrollees. A year from now, the question will be how expensive is the so-called affordable care and in several years, it will be whether health care spending in the United States has slowed or increased.