While the Health Insurance Marketplace is busy enrolling many Americans for healthcare coverage before its March deadline, the Congressional Budget Office released their budget analysis and the projections of the Affordable Care Act.
The national Health Insurance Marketplace or Healthcare.gov launched on October 1st, 2013 with a bumpy start, causing many issues for those who tried to enroll online. Since then the healthcare exchange has signed up more than 2 million Americans as of December 31st, 2013. This total comes from both state and federal ran exchanges and the numbers are rising with the looming March deadline. With the current open enrollment ending on March 31st, 2014 the New Mexico Health Insurance Exchange is educating New Mexicans and helping them find real plans that work for them.
New Mexico Health Insurance Exchange or nmhix is helping New Mexicans get the access they need to find quality healthcare. This means no more preexisting conditions, being denied coverage for preventative care and not being stuck in a job just for healthcare coverage. The insurance exchange opens the door to options most individuals have never had before. The Henry J. Kaiser Family Foundation in State Health Facts has New Mexico listed with 425,900 uninsured individuals. This has New Mexico ranking in at one of the highest states for the uninsured.
Debra Hammer the Chief Communications Officer for nmhix stated in an interview, “When we talk about preventative health these are healthy people, we want to keep them healthy.” Continuing Hammer also stated, “When you start younger, you develop those healthy habits that keep you healthy in the end.”
The Congressional Budget Office or CBO recently released a nonpartisan analysis that is a budget outlook with projections for the Affordable Care Act or ACA. This analysis has some calling the Affordable Care Act a tax that will cause the loss of 2.5 million jobs over the next ten years. While the CBO’s Analysis of Health Care back on January 29th, 2014 states on page eight that even after the Affordable Care Act is fully implemented the predominate federal spending for healthcare will be that of older people. Exchange subsidies and related items make up only a small fraction of the CBO’s projections of the ACA for 2023.
The Affordable Care Act was passed to lower healthcare spending in an environment that increased healthcare costs and lowed the quality of coverage. In a recent report healthcare spending is the lowest on record and this slow in cost growth has persisted through the recession that took place 2007-2009. This report also states that the ACA is a contributing factor to this continued slow in cost growth.