Wednesday, September 11, 2013

How Obamacare affects you

The Affordable Care Act kicks into high gear in October, when Americans will have their first chance to buy health insurance through new state exchanges.

Women, those with chronic health issues and seniors are among those likely to be the biggest winners under the new law, popularly known as Obamacare. For example, insurers will no longer be able to charge women more than they do men, a practice that currently forces women to pay an extra $1 billion per year (.pdf file) in higher health-insurance premiums, according to the National Women's Law Center.

Similarly, many older and sicker Americans will also benefit, said Sara Collins, the vice president for affordable health insurance at The Commonwealth Fund.

"The market reforms really level the playing field," Collins notes. "You can no longer be excluded based on your health, for instance, if you have diabetes or asthma. That will really benefit those who are older."

Click ahead to read how Obamacare might affect people in different demographic groups.

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