Medicaid v Obamacare

Obamacare has been around for 15 years and there is some confusion as to how it relates with Medicaid. Medicaid was started in 1965 and designed to provide medical care to low-income people, disabled people and adults with children. It did not include adults without children. It was for people whose income was below the poverty level. Obamacare was a new program that was not connected to Medicaid but did change some of the rules of Medicaid. First off it increased the income level for qualification to 138% of the poverty level. Second it included adults without children. These changes opened the door for 13 million to join Medicaid. Medicaid is free for those earning less than 150% of the poverty level. Obamacare can be free but most pay a monthly premium plus an annual deductible. Those who sign up for the Silver Plan are eligible for subsidies to lower their cost. The average person on the Silver Plan pays $50 per month and has $500 annual deductible. Both Medicaid and Obamacare must cover preexisting conditions. If you find out today that you have cancer you can sign up and you will be insured the first day of next month. This is the antitheses of the insurance principal. As a result there are many young single people, who do not sign up for Obamacare but prefer to wait until they need the service.