The
Health Care Law
and
The Problem
• Insurance companies could take advantage of you and
discriminate against the 129 million Americans with pre-
existing conditions.
• Premiums had more than doubled over the last decade,
while insurance company profits were soaring.
• Fifty million Americans were uninsured, tens of millions
more were underinsured, and those that had coverage
were often afraid of losing it.
The Health Care Law
In March 2010, President Obama signed into law the
Affordable Care Act.
What the Law Means for You:
4 Things to Know
• Protection from the worst insurance company
abuses
• Makes health care more affordable
• Better access to care
• Stronger Medicare
The Law Stops Insurance Companies
from Taking Advantage of You
It is now illegal for insurance companies to:
• Deny coverage to children because of a pre-existing
condition like asthma and diabetes.
• Put a lifetime cap on how much care they will pay for if
you get sick.
• Cancel your coverage when you get sick by finding a
mistake on your paperwork.
• And more…
These abuses used to be legal:
“Low Health Insurance Caps
Leave Patients Strandedâ€
-- USA Today
“Newborn Denied Health Insurance Coverage
Days After Life Saving Heart Surgeryâ€
-- ABC News
“WellPoint Routinely Targets Breast Cancer Victims for
Rescissionâ€
-- The Huffington Post
Now they are banned for
good.
The Law Makes Health Care More Affordable
BEFORE, insurance companies spent as
much as 40 cents of every premium dollar
on overhead, marketing, and CEO salaries.
TODAY, we have the new 80/20 rule:
insurance companies must spend at least
80 cents of your premium dollar on your
health care or improvements to care.
If they don’t, they must repay the money.
60% / 40