Name: Can Obamacare Handle The Great Resignation?
Uploaded: 2022-02-05T21:41:20.000Z
Duration: 12 min 26 s
Description: オバマケアは退職をコントロール出来るかLearn the English Usage: insurance,marketplace,health insurance,plan,health,obamacare,coverage,subsidy,resignation,cobra,erica,pay,income,qualify,care,premium,affordable,employer,option,people,tax,expensive,sharing,rescue,eligible,sliding,nicole,cliff,health...

Unknown: Workers are quitting their jobs in record numbers

Basic passive voice

part of what is now called the Great resignation. around 4

million workers have quit their jobs each month between July and

November 2021. American workers who are becoming their own

bosses maybe gaining new financial freedom, but they're

losing a big advantage health insurance benefits. Over 54% of

Americans had insurance through their employer in 2020.

One of the reasons that I almost never considered leaving a staff

position until recently was because of health insurance.

The great resignation might be even greater if it weren't for

the way our health insurance system was constituted

one in three insured workers would consider leaving jobs if

This system isn't easy to navigate, it's really difficult

to figure out how much insurance is going to be even as a self

Many Americans turn to the Obamacare marketplace to find an

insurance plan. The Biden administration announced that

signups hit an all time high in December 2021. There are

significant limitations in marketplace plan coverage that A

you can't easily see. And B that make the coverage meaningfully

different from what you may have been, you know, used to from

I don't think there is a more important or complicated

decision to make than picking a health insurance plan.

So can Obamacare work for this influx of uninsured Americans

and what's the lasting impact of the great resignation on health

care coverage? The Affordable Care Act frequently referred to

as Obamacare establish the health insurance marketplace

where people can find medical insurance plans from private

providers that are not tied to their jobs. Erica Lehman left

her job in higher education to work on her wedding photography

business full time, she looked for a new insurance plan on the

There were so many options and all of them seem just kind of

like a lot of money for not a lot of support.

Since marketplace plans are offered by private companies,

there's no limit to the number of people who can get their

insurance through the Marketplace. That means people

participating in the great resignation won't be shut out.

increased participation in the marketplace may even encourage

insurers to adjust their offerings. In fact, the number

of insurers participating in the marketplace increased in 2022.

Individual health insurance plans are extraordinarily

expensive, you need to be in a group in order to have really

the benefits of a group insurance. If you're not in a

group, you're gonna have very high copayments and deductibles

71% of uninsured Americans who decided not to get insurance

from either a private insurer or through the Marketplace said

they didn't end up buying a plan because it was too expensive,

according to a 2020 survey by the Commonwealth Fund. Nicole

D'Onofrio left her staff position as a digital marketing

consultant to start her own business. She also turned to the

My previous job covered all benefits for an individual. So I

never factored in health insurance into any type of

expenses that I had, I didn't even realize were such great

If you're trying to find a plan that is the same or virtually

the same as what you had at work, you might not be able to

do that. Marketplace plans, they have much higher deductibles, on

average, most of them have much narrower provider networks. So

if you have you know a condition you're pregnant, there's a

doctor you're going to see now, there's a decent chance that

that doctor will not be in all or even any of the networks of

the plans that you look at. And you're going to have to go

Health insurance is a big perk of working for a company and

workers know it. 26% of Americans would be very or

somewhat likely to start their own business if health insurance

Even if you were a ruthless capitalist who was totally

opposed to socialized medicine, you would have reasons to be

concerned about the way we're doing things if health insurance

is holding people back from the perfect job or from starting

their own business potentially that is an invisible brake on

Politicians want to be elected and reelected. So they're going

The government does offer subsidies in the form of a tax

credit that help qualified Americans pay for a Marketplace

plan. The vast majority of people who get coverage through

the marketplace qualify for subsidies for premium tax

credits that will reduce the amount you pay each month. So

the premiums are pretty affordable for most people. The

rules of whether someone qualifies can be difficult to

follow. The requirements are based on age as well as income

and vary by location. Additionally, people who have

options to get their insurance through another source such as

an employer or through a spouse usually do not qualify for any

Only 30% of people are aware that you can get financial aid

I've been doing this for years and I still trip over new stuff.

Since there are many different plans with a range of costs and

benefits on the marketplace. The government bases the subsidies

on the price of what is called a benchmark plan, which is

considered a mid level plan, cost wise. The subsidies are

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Can Obamacare Handle The Great Resignation?

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