Our final weblog publish addressing some frequent misconceptions concerning the Inexpensive Care Act (ACA) – generally generally known as Obamacare – drew an enormous response from readers. However don’t fear. There are lots extra myths about the legislation and so they’re ripe for busting.

Listed here are a number of extra frequent misconceptions shared concerning the legislation on the BCBSNC Fb web page from North Carolinians concerning the ACA.

 

1. BCBSNC is getting wealthy from its monopoly on the ACA market in North Carolina.  

FALSE.

 If insurance coverage firms might make some huge cash in our state’s ACA market, they might be beating a path to our state’s door. As a substitute, nearly the entire different insurers have left North Carolina’s ACA market. BCBSNC selected to proceed providing ACA plans in all 100 counties of North Carolina regardless of dropping greater than $400 million on these plans within the first two years after its launch.These sorts of losses can’t be sustained by any enterprise in any business.

Whereas the ACA did increase entry to medical insurance for thousands and thousands who had by no means had it, its largest drawback was failing to deal with the underlying price of well being care. Merely put, we’re all paying an excessive amount of for well being care and never getting ok outcomes for what we pay. We have to convey worth to well being care. 

BCBSNC is dedicated to creating well being care work for North Carolina. We consider that any adjustments to nationwide well being care coverage should embrace measures to manage prices. If it doesn’t handle the price drawback, well being care transformation is doomed. 

 

2. BCBSNC is utilizing the ACA as an excuse to extend premiums to drive income.

  FALSE.

 Premiums are pushed largely by the price and use of healthcare. And though the media didn’t begin paying a whole lot of consideration to the issue till latest years, insurance coverage premiums have been rising for many years. There are various causes for this, however one of many largest is our personal unhealthy existence. We eat an excessive amount of of the improper sorts of meals, we don’t train, we smoke. In North Carolina, these issues are worse than in most different states.

As advanced as our well being care system is, this a lot is straightforward to grasp: an unhealthy inhabitants goes to spend some huge cash on well being care.   To halt this pattern, we’ve got to take higher care of ourselves: consuming proper, adopting extra energetic existence, profiting from prevention and wellness choices from our insurance coverage. All of us have a stake in slowing the rise of the underlying price of well being care.

Our State of Prices web site has loads of particulars on the scope of the price drawback and the way we are able to all work collectively to unravel it. 

 

3. BCBSNC doesn’t wish to change well being care as a result of they’re getting wealthy from the present system.

  FALSE.

 Our firm has been on the forefront of well being care transformation since lengthy earlier than Obamacare was even conceived. Now we have been together with cost-control incentives – paired with high quality necessities – in our contracts with medical doctors and hospitals for years. We have been among the many first insurance coverage firms in America to advocate for transparency in well being care pricing.Our firm’s leaders have met personally with federal authorities leaders – together with President Obama – to advocate for the individuals of our state. Our leaders have provided candid suggestions and strategies on how our well being care system might be mounted.  

Such as you, we all know our system can’t stay as it’s. On the identical time, we additionally know we are able to’t merely flip again the clock 10 years and return to the best way issues have been. Issues weren’t so nice in well being care 10 years in the past, or 20 years in the past. Past that, our nation’s well being care wants are always altering, so going backwards gained’t remedy something.

Nobody actually appears to know what lawmakers will do to attempt to handle the issue of well being care prices. However we don’t have time to attend for options handed down from Washington. We have to make well being care work and we have to get it proper this time.

Comply with our weblog as well being care transformation unfolds in 2017 and make sure to maintain sharing your ideas on our social media channels. We’d like you to be a part of the answer.