Tuesday, December 31, 2013

Tip Tuesday! Historic coverage expansion to test promise of Obamacare

By Alex Wayne

(Bloomberg) -- After three months of turmoil surrounding the rollout of Obamacare, the country faces an historic turning point on Jan. 1.

From emergency rooms to pharmacies to company human-resources departments, changes will unfold within the U.S. health-care system as the nation guarantees insurance coverage to all Americans for the first time, a goal that has eluded presidents and lawmakers since the end of World War Two.

Beginning with the New Year, insurance companies can no longer refuse to cover people because of sickness, charge them more than healthy customers or drop them when they fall ill. In return, most Americans are required to have a health plan. Some of the 19 million Americans who buy insurance on their own will find their new plans are more expensive with fewer treatment options than before as insurers seek to contain costs.

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