I have been wondering about the facts of the Affordable Care Act (ACA) for some time now. As a result, I began to study the actual writing of the Act and different articles that are either in opposition or in support of Obamacare. I had heard many rumors. For example, I had heard the rumor that doctors would receive a salary cap as a result of the ACA. However, I found that this wasn't true after reading every word contained within the ACA.
Despite that I was able to debunk that rumor, some of my other concerns were confirmed. The biggest theme to this Act that has jumped out to me is that fact that it appears to be geared to help families within poverty limits and the middle class to be able to afford health insurance. For example, those who are between 100% and 400% of the poverty line could receive tax credits so that health insurance is more affordable. Also, more people will have increased access to Medicaid beginning in 2014. Just with these two examples, the demand for healthcare will greatly expand. Therefore, there will be a greater need for doctors, physicians, specialists, nurses, etc., to be employed in the healthcare industry. If there is no increase in the supply for employees of the healthcare industry, prices will rise and the ACA will actually hurt insurance companies because they will be the ones who are taking the biggest hit of the increased cost.
What I find interesting is that the writing of the ACA states in Title I that the market for insurance will be more competitive. I find it difficult to believe that the market for insurance will be more competitive while being less attractive as a result of increased costs due to the provisions of the ACA.