2. The Affordable Care Act lowers health insurance costs for everyone—especially those who need it most.
The Affordable Care Act requires health insurance companies to cover important preventive services, including immunizations, health screenings, and counseling services—all things that more than 85 million people accessed for free in 2011, thanks to the law. Included in these 85 million people are 32.5 million seniors who received free preventive services, including mammograms and colonoscopies in 2011. More than 14 million people have already received at least one preventive service at no cost in the first five months of 2012.
Obamacare also closed important prescription drug coverage gaps in the Medicare Part D program, known as the “donut hole,” saving more than 5.25 million beneficiaries more than $3.7 billion on prescription drug costs.
The individual mandate requiring all Americans to have insurance or else pay a fee will dramatically lower the costs to society and taxpayers of caring for an uninsured persons—which alone totaled $57.1 billion in 2008, the last year for which data are available.
The Affordable Care Act makes it possible for many families in poverty and families of color to afford and access the health care they need by eliminating pre-existing condition abuses, allowing young people to remain on their parents’ plans, and making it easier and more affordable for small businesses to provide insurance coverage to their employees.
Many provisions in the law take the first steps toward closing the disparities that gay* and transgender people and their loved ones face in the insurance market, including refusal to cover certain procedures or medications and coverage of partners, spouses, and family members.