Health Insurance Marketplace - Five Principles for Obamacare Replacement

In a rapidly evolving economic scenario, competition has grown manifold. Financial institutions are consolidating their financial gains while Governments are carrying out much-needed reforms. Under these circumstances, one of the greatest benefactors has been insurance. President Obama had been hailed for his ObamaCare which of course was never appreciated by the opponents and President Trump did outline the basic principles which will help Congress replace ObamaCare.

The main contention of President Trump has been that Obama Care was imploding and instead of being a great help to the average earning American, it was actually not being beneficial. Cheap Health Insurance is what the Republicans aimed at and there were five principles which the current President presented:

1. People with pre-existing conditions pertaining to health will be assured of health Insurance and that care will be taken for a smooth transition for those who are currently enrolled under Health-Care exchanges.
   
2. There are a group of people who buy their own health insurance. The new legislative intends to provide for greater health savings accounts and larger tax credits in order to help them pay their health insurance. It also aims to provide with greater flexibility pertaining to the health care plans.
3. Medicaid has been a state vehicle and the Trump Administration aims to give it greater reach. It wants to provide states with greater resources and flexibility and this is aimed at leaving no one out.
4. The creation of further legal reforms which will protect both doctors and patients from rising medical costs. This basically helps everyone and is inclusive in nature.
5. The aim is to create a National Health Insurance Marketplace that will blur the state lines and help health insurers sell insurance across the country.

Cheap Health Insurance is a dream, every individual yearns for but given the volatility of the economy, it is always not possible for insurers to provide with one. However, we do understand the need for one. The healthcare marketplace is overwhelmingly competitive and even with a myriad of health care players, some stand out as the shining example of quality.

Obamacare insisted or rather forced every American to have some sort of Healthcare or face a fine. The Republicans balked at such an idea. They made it amply clear, in their mandate, that this was not how things were supposed to be done. With rising health care costs, the ideal way out was to let the decision of healthcare be left to individuals, rather that government taking up their cudgel.