Executive Summary—Why You Should Read This Book

Health insurance in the United States changed dramatically when President Obama signed the Affordable Care Act (popularly known as ACA or Obamacare) into law on March 23, 2010, and the U.S. Supreme Court rendered a final decision to affirm the law on June 28, 2012.

However, most Americans don't yet know this because many insurance brokers, insurance carriers, and larger employers don't want them to know.

This is because the $1.2 trillion employer-provided health insurance industry relies on most Americans under age 65 paying two to four times (200 to 400 percent) what they should be paying for health insurance under an outdated belief that the only way to get good health insurance is from an employer.

The facts are that since 2014, thanks to the Affordable Care Act:

  1. Every American, regardless of their health, is entitled to get affordable individual health insurance from their state's ACA-mandated Health Insurance Marketplace (also known as an Exchange) that is better than employer-provided coverage for about one-half the price (50 percent) of an employer-provided plan.
  2. Most American families earning less than $100,000 a year qualify to receive a 50 percent (on average) monthly federal subsidy (called a premium tax credit) towards the cost of their individual policy, but only if their employer does not offer them affordable employer-provided health insurance. This subsidy reduces the cost from one-half (50 percent) to about one-quarter ...

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