What Does Removing Obamacare Mean for My Medications?
It seems as though all eyes are fixated on the government waiting to find out if Obamacare is going to be repealed this year. With a Congress win, the Obamacare repeal seems to be on its way. Since about 8 percent of the American population is covered under The Affordable Care Act (Obamacare/ACA), many are scrambling to find out what will happen to the cost of their needed medications. So, what will removing Obamacare mean for you and your needed prescriptions?
I’m Covered by the ACA. What will Removing Obamacare Mean for Me?
If you have health care coverage provided under Obamacare, the repeal of the current health care system will mean that the insurance providers that offer the coverage under the act no longer have to do so if they do not want to. In addition to pulling out of providing Obamacare coverage in general, they will also have the option of setting their own prices. This means that instead of providing affordable healthcare options at prices set by Obamacare, insurers will have the option to raise the price of their premiums tenfold if desired. This will make it harder for individuals previously covered under the ACA to be able to afford health insurance premiums that offer to cover the cost of prescriptions as well.
I’m Not Covered by the ACA. Will Removing Obamacare Affect Me?
Before the Affordable Care Act was passed, individuals in our country could be denied health insurance simply for having been to the hospital earlier in their lifetime. Obamacare forces insurers to provide health insurance, no matter the past health of an individual. Although it is not known what will happen to individuals not covered under the ACA if removing Obamacare is decided upon, we do know what will happen if it is removed and replaced with Trump Care, our president cabinet’s new plan for healthcare. This new healthcare plan includes restrictions for those considered to have “pre-existing conditions”. We know this because Trump Care does not set aside limits for an insurer’s costs or provide any cost assistance. So, if determined that an individual has a pre-existing condition, insurance providers can either deny coverage completely or hike up prices, leading to many not being able to afford monthly premiums. Some pre-existing conditions that could lead to an insurer’s denial of coverage or increased premium pricing have previously included and will include after repeal:
- HIV/AIDs
- Drug Addiction
- Arthritis
- Cancer
- Heart Disease
- Mental Illness
- Pregnancy
- Sleeping Disorders
- Kidney Disease
- Chronic Pain
- Diabetes
- Asthma
- Allergies
- Obesity
- Many More
What can Advocate My Meds do to Help?
No matter what happens to the healthcare system, there will still be a way for those who cannot afford the cost of their medications to have some help paying for them. Advocate My Meds utilizes patient assistance programs to offer discounts and coverage on specific medications for those who need them. These programs are offered by pharmaceutical manufacturers and non-profit organizations that see the growing need to help American citizens afford their needed treatments. With over 700 patient assistance programs offered through various organizations, it may be challenging to find the ones you may need. This is where Advocate My Meds comes in, matching patient assistance programs to the patients who need them most, saving them the most money possible on their prescription medications.
Am I Qualified for Help through Advocate My Meds?
Because patient assistance programs are designed specifically for individuals with prescriptions who cannot afford them, there are a few eligibility requirements that patients must meet before they can receive their benefits. Since there are over 700 programs, requirements differ, but most have the same qualifications including:
- The patient must be a U.S. citizen
- The patient must be 18 of age or older
- The patient must have little or no prescription coverage from insurance
- The patient must have a prescription for the medication they receive coverage or discounts for
- The patient must have an annual income within the federal government’s proclaimed poverty level, according to household numbers
Ready to see if you are eligible for prescription discounts through patient assistance programs offered through Advocate My Meds? View a list of our discounted or covered medications on our website. Also, if you are eligible, feel free to sign up for the program from our website. Having trouble or have questions you would like answered about our services or medications? Give us a call today to speak to a qualified staff member at 877-596-1604.