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How will the Affordable Care Act change health insurance?
The Supreme Court has upheld the President's health-care law. The Affordable Care Act will now be allowed to proceed, making it the biggest change to the health-care system since the creation of Medicaid and Medicare in the 1960s.
What does that mean for you and me? Here to tell us is Dana Goldman. He's director of the Schaeffer Center for Health Policy and Economics at the University of Southern California.
Costs are expected to be lowered for those who don't currently have insurance. But will mandate be enough of a deterrent to get people to join the pool, thereby lowering premiums for everyone?
The Affordable Care Act will also change how people get their health insurance. Many of the 30-million uninsured Americans will go through health insurance exchanges to find a policy. For those already insured, health care premiums are expected to be more cost controlled. And Medicaid eligibility may not increase to cover 16 million more low-income individuals as hoped for by the Obama administration, as the justices ruled that states can decide whether to participate in Medicaid expansion.
What happens next? The health care act will take effect in 2014, with health care exchanges serving as an online marketplace to find health insurance. Insurance companies will now be required to accept all customers, regardless of pre-existing conditions.
Dana Goldman, director of USC's Schaeffer Center for Health Policy and Economics, founding editor of the Forum for Health Economics and Policy and health policy advisor to the Congressional Budget Office.