Recall that the goal of the Affordable Care Act (also known as Obamacare) legislation was to get more people access to affordable health insurance. It was widely reported that health insurance premiums under Obamacare were getting much more expensive. What was the main factor causing the premiums to get more expensive? Many of the new enrollees were young teenagers unable afford their own insurance, so other people are paying for them The plan required a lot of paperwork and administrative tasks, and insurance companies had to hire a lot of people to get these tasks done O The new enrollees were older and sicker than expected, increasing health care usage and expenses, causing costs and insurance premiums to rise
Recall that the goal of the Affordable Care Act (also known as Obamacare) legislation was to get more people access to affordable health insurance. It was widely reported that health insurance premiums under Obamacare were getting much more expensive. What was the main factor causing the premiums to get more expensive? Many of the new enrollees were young teenagers unable afford their own insurance, so other people are paying for them The plan required a lot of paperwork and administrative tasks, and insurance companies had to hire a lot of people to get these tasks done O The new enrollees were older and sicker than expected, increasing health care usage and expenses, causing costs and insurance premiums to rise
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Recall that the goal of the Affordable Care Act (also known as Obamacare)
legislation was get more people access to affordable health insurance. It
was widely reported that health insurance premiums under Obamacare
were getting much more expensive. What was the main factor causing the
premiums to get more expensive?
Many of the new enrollees were young teenagers unable afford their own
insurance, so other people are paying for them
The plan required a lot of paperwork and administrative tasks, and insurance
companies had to hire a lot of people to get these tasks done
The new enrollees were older and sicker than expected, increasing health care
usage and expenses, causing costs and insurance premiums to rise
Obamacare created new medical technologies which were expensive to use
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