Columbia, South Carolina (WLTX)- Many American citizens have questions surrounding the Affordable Care Act.
Ernie Csiszar is a professor at the University of South Carolina and teaches insurance and risk management. He was also Director of Insurance for the State of South Carolina. Csiszar's worked in the insurance business for more than ten years and gave his insight on the new health law.
So what are the myths about the new Affordable Care Act?
First: the law changes everything about the nation's health care system.
"The law does very little about health care," Ciszar said. "However, it changes health insurance significantly and how we pay for that insurance."
Myth number two: the law won't change anything if you already have insurance.
"It's also going to change things for the rest of the world. You've seen this already; Walgreens announced that it will put its employees onto a private exchange. IBM announced that it will put its retirees on a private exchange, not on these public exchanges," Csiszar said. "So a lot of folks are going to lose their current coverage."
Myth number three: is the Affordable Health Care Act a government takeover of the health care system?
"I think it's an exaggeration to the extent that I think ideologically one could make that argument," Csiszar said.
Number four: We know what impact the law is having on health spending
"If a lot of people for instance sign up for affordable care one could make the argument that there is a cost savings even though others are saying that affordable care organizations are going to lead to more consolidation in the industry," Csiszar said. "If you lead to more consolidation the evidence in every industry is that costs go up, think about the airlines."
Csiszar also said another myth is having more options and shopping around for insurance will be easier.