How is ObamaCare Really Going to Work for Americans? The Case of a Lack of Consumer Education

English: President Barack Obama, Vice Presiden...

President Barack Obama, Vice President Joe Biden, and senior staff, react in the Roosevelt Room of the White House, as the House passes the health care reform bill. (Photo credit: Wikipedia)

Americans’ biggest question about the Affordable Care Act, also known as Obamacare, is how it will affect their current health coverage. Twenty-eight percent say this is what they would most like to know about the new law, followed closely by the 24% who want to know how it will affect their household budgets. Twenty percent are most curious about whether the Affordable Care Act is really going to happen, and 15% say their top question is simply what Obamacare is.

“We’re just three weeks away from when the new health insurance exchanges will begin accepting applications, and we’re still observing a disturbing lack of consumer education,” said Bankrate.com insurance analyst Doug Whiteman. “If this doesn’t change soon, millions of Americans could miss important deadlines or make uninformed decisions.”

In light of all the moves the American President is making on the front with Syria and the compounding health issues in his backyard, Obama has to weigh the consequences of how his policies will affect Americans when they kick into effect. Currently, two in five Americans (40%) are spending more on health care now than they were one year ago, with only 8% percent spending less. Already, 28% of Americans are feeling more negative about the Affordable Care Act now than they were 12 months ago, with twice as many as the 14% who are feeling more positive. One in four say it is more difficult to handle medical expenses now than it was a year ago (more than three times as many as those who say it is easier).

How will all this work out for the US? A cloud of uncertainty still remains. But for now, public education seems to be a pressing concern before the changes kick into place. Knowledge is always power and the ignorant will always feel the heat of their ignorance down the road.

J.CJ

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