Today, a new survey from PricewaterhouseCoopers (PWC) looks at the cost of health care and to no one’s surprise, finds that costs are rising. But the survey also notes that the Affordable Care Act has the potential to help bring down health care costs. Here are a few things to keep in mind as you are reviewing the study:
The Affordable Care Act is less than three months old, but it is well on the way to making the health care system better for all of us. The President has directed his implementation team to extend coverage to young adults early, and most insurance companies are already extending coverage. Small businesses are already taking advantage of the small business tax credit, the first round of $250 rebate checks to seniors who have hit the prescription drug donut hole have been mailed, and the employee retiree reinsurance program has been implemented before the law requires. In the weeks and months ahead, we will continue to implement the law carefully to help make health care affordable and accessible for all Americans and give Americans more control over their own care.
Stephanie Cutter is Assistant to the President for Special Projects