Obamacare in 2014: A Year of Speculation Awaits
The never-ending parade of hoops and loops Obamacare must jump through will not end with 2013. The continuous cycle of 2014 will make 2013′s dates a mere test run by comparison. The first, of course, is January 1 and the days that follow. Coverage can begin on this day for individuals who met the ever-changing deadlines for selection and payment.
Additionally, new insurance plans can no longer deny coverage to a person with pre-existing conditions, Medicaid will expand in half of the states, the small business tax credit kicks in, cost-savings through subsidies for marketplace plans begin, and insurance companies can no longer set a limit on much they will spend on your health coverage during your life — although they can still set yearly limits.
The administration has a goal of decreasing the costs of healthcare and providing more coverage. The days and analysis after the January 1 deadline will provide a better picture of whether or not this benchmark can be achieved.