Robert Reich on Obamacare: It’s Working Despite Misinformation [View all]

[ProSense]

It’s Working Despite Misinformation

Robert Reich, the secretary of labor in the Clinton administration, is Chancellor's professor of public policy at the University of California, Berkeley and the co-creator of the film "Inequality for All."

Early indications are the Affordable Care Act is working. With less than two weeks remaining before the March 31 deadline for coverage this year, five million people have already signed up. After decades of rising percentages of Americans lacking health insurance, the uninsured rate has dropped to its lowest levels since 2008...health care costs have slowed dramatically. The new law may well be contributing to this slowdown by reducing Medicare overpayments to medical providers and private insurers, and creating incentives for hospitals and doctors to improve quality of care.

But a lot about the Affordable Care Act needs fixing – especially the widespread confusion and misinformation that continues to surround it. For example, a majority of business owners with fewer than 50 workers still think they’re required to offer insurance or pay a penalty. (In fact, the law applies only to businesses with 50 or more employees who work more than 30 hours a week). And many companies with fewer than 25 workers still don’t realize that if they offer plans they can qualify for subsidies in the form of tax credits.

Many individuals remain confused and frightened. Forty-one percent of Americans who are still uninsured say they plan to remain that way. They believe it will be cheaper to pay a penalty than buy insurance. Many of these people are unaware of the subsidies available to them. Signups have been particularly disappointing among Hispanics.

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But even here, remedies could evolve. States might use their state-run exchanges to funnel so many applicants to a single, low-cost insurer that the insurer becomes, in effect, a single payer. Vermont is already moving in this direction, and California may be next. In this way, the Affordable Care Act could become a back door to a single-payer system – every conservative’s worst nightmare.

http://www.nytimes.com/roomfordebate/2014/03/20/obamacares-four-year-checkup/the-affordable-care-act-is-working-despite-misinformation

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