As Washington debates whether the country should repeal the Affordable Care Act, known as Obamacare, applicants are rushing to get covered, reportedly driving applications to a record high.
“I’m glad that the people understand the importance of getting coverage,” Donna Christensen, the former delegate for the U.S. Virgin Islands’ at-large district, told Cheddar on Wednesday.
But many still remain uninsured. According to the National Center for Health Statistics, 28.2 million people under the age of 65 did not have coverage in 2016.
For context, that's a smaller proportion than before Obamacare passed. The federal agency said that the percentage of people uninsured now stands at 9 percent, compared to 16 percent in 2010.
Many uninsured and current beneficiaries of the Act worry that a repeal would be in place by 2019 and that time is running out. However, Christensen argues that this is not the case. She says it’s going to be very hard for Congress to repeal ACA.
“The Affordable Care Act is still the law of the land,” the ex-congresswoman said, stating that she doubts a repeal would ever happen.
“It was not easy to get the law passed, but it’s going to be more difficult to take it away,” Christensen said.
She encouraged the uninsured to seek coverage by December 15th this year, pointing out that benefits will be valid into the next year.
Congressional Budget Office director Keith Hall put out a blog post on the federal agency’s website on Wednesday. He says that according to the CBO’s most recent baseline, repealing Obamacare's individual mandate would reduce the nation’s federal budget deficit by $338 billion within the next decade. That's less than the previous estimate of $416 billion, made last December.
Stocks are swinging back down in early trading Wednesday after more signs piled up showing just how severely the coronavirus outbreak is damaging the economy.
Elizabeth Warren endorsed Joe Biden on Wednesday, becoming the last of the former vice president's major Democratic presidential rivals to formally back him.
President Donald Trump said Tuesday that he was cutting off U.S. payments to the World Health Organization during the coronavirus pandemic, accusing the organization of failing to do enough to stop the virus from spreading when it first surfaced in China.
Part of the stimulus package to aid small businesses, the Paycheck Protection Program has hit a bottleneck, according to Brock Blake, CEO of
Tatyana Popkova, chief strategy officer for the health system, talked to Cheddar about how the innovative medical center was designed to take on challenges such as a patient surge from a pandemic.
Stocks are ending with solid gains on Wall Street Tuesday as the market turns its attention to how and when authorities may begin to lift business shutdowns and limits on people's movements imposed to slow the spread of the coronavirus.
Former President Barack Obama endorsed his Vice President Joe Biden, the presumptive Democratic nominee, for president Tuesday.
Kay Sears, VP and GM of Military Space for Lockheed Martin described the final frontier as a "warfighting realm," to Cheddar at Satellite 2020.
President Donald Trump is asserting that he is the ultimate decision-maker on how and when to relax the social distancing guidelines put in place to fight the new coronavirus.
Fintech companies have long touted their ability to bank the unbanked, but the coronavirus pandemic is giving them a chance to put their money where their mouths are.
Load More