ipl-logo

Obamacare Persuasive Essay

950 Words4 Pages

According to the United States Census Bureau, Texas has the highest rate of uninsured citizens when it comes to health care, with about 19% being uninsured. To counteract this, the federal government has implemented the Patient Protection and Affordable Care Act, also known as Obamacare. While trying to reduce the uninsured rate is a noble goal, there are just too many problems with the government’s methods. Not only does Obamacare harm businesses and the economy, but the average individual will have to pay higher premiums for their healthcare and it is just plain unconstitutional. One of the largest problems people have with Obamacare is that it harms businesses in many ways. One of the reasons it harms businesses is because the bill requires businesses with 50 or more full time …show more content…

This part of Obamacare is having detrimental effects on small businesses and the economy. Many small businesses are now forced to either cap their payrolls at 49 full time employees, or limit their employees to 29 hours a week, because they cannot afford to pay the tax or offer the health plans to their employees. This has led to a surge in people who simply cannot find full time jobs and according to The Wall Street Journal, this part of Obamacare will “cost the franchise industry $6.4 billion and put 3.2 million jobs ‘at risk’” (“Obamacare and the ‘29ers’”). Another way Obamacare harms businesses and the economy is by incentivizing businesses to move their business out of the United States. This is happening because of a 2.3% tax on the U.S. sale of medical devices that came with Obamacare. While 2.3% does not seem like a lot, this tax is enforced on the company’s revenue, not profits. According to Hawkins, this 2.3% translates to about 15% of profits for most companies. With many U.S. corporations having to pay a 35% federal income tax, the extra 15% means that some U.S. medical companies will have to pay close to 50% of their profits in taxes. Hawkins

Show More
Related
530 Words | 3 Pages

These new regulations helped stop monopolies which is bad for small business owners and mom and pop organizations.

Read More
307 Words | 2 Pages

Obamacare, like many other reforms, has plethora of strengths that convinced the government to ratify it into law, however, PPACA also has many shortcomings that overlooked the biggest problem of all time: high cost. The increase in health cost has outplaced the rise of national income making it difficult for people to afford insurance. Medicare insurance, by design, is flawed where providers are reimbursed based on the volume they serve, which translates to overutilization and inefficiency, adding to the high cost. In addition, Medicaid inflates cost as well by giving the control to the states, giving rise to inconsistency and no incentive for both parties to check each other. Moreover, the tax exclusion for employer-based insurance escalates

Read More
777 Words | 4 Pages

These types of costs can be detrimental for a small business. B. The higher costs will hurt small businesses in a variety of ways. They will have to resort to other means of raising money to pay the expenses which will be caused by Obamacare. The easiest and quickest solution will be to reduce employee hours.

Read More
1106 Words | 5 Pages

When people aren’t having to pay upwards of $500 for their child’s inhaler or about $16,000 for an emergency appendectomy. Health care prices in this country are absolutely out of control. When business moguls get their hands-on life saving medicine or medical procedures and then exploit those who need them in order to make even more money, the masses are faced with the inability to pay for something that could save their

Read More
688 Words | 3 Pages

The main effect of the Affordable Care Act is that it extended coverage to a large sum of uninsured Americans. Within the last five years there has been an increase in health care expenses. However, these expenses have been rising at one of history’s lowest paces (Custer,37). Although this has been a huge improvement for America's health insurance, the costs are still rising which puts families at risk of not being able to afford health insurance. Some of the main reasons behind the increase in costs of health care within

Read More
1300 Words | 6 Pages

As Americans get older, their need for health care increases, meaning that their cost for insurance will also increase. Charging older Americans more than younger Americans does not take into consideration that the elder generation has no income, since most of them are retired. As stated before, the GOP replacement plan will not issue a tax penalty if a person does not purchase health insurance, instead they are issuing tax credits. These tax credits are based off of age and income, which will take a toll on the retired (Belvedere), which answers the previous question of where the money is coming from. While older Americans

Read More
1388 Words | 6 Pages

The Affordable Care Act’s Burden on American Businesses and Workers She works hard; her eyes droop with tiredness most of the time. She arrives late and her concentration on the job is limited because of the anxieties weighing on her mind. With a young son to provide for and rent due next week, the strain of working two jobs was taking its toll. Such is the reality of many Americans.

Read More
521 Words | 3 Pages

The majority of America receives their health coverage from their employers. Along with the new ACA requirements, Medicaid expansions and tax credits are assisting low-income families in purchasing affordable healthcare coverage (Merlis, 2011). Employers also benefit from these new ACA requirements by being granted exemption from Federal, State, Social Security and Medicare taxes. This means if an individual were to enroll in the health insurance coverage plan

Read More
1053 Words | 5 Pages

Many companies favor employing part-time workers over full-time workers in order to reduce costs and ensure flexibility. By doing so, they are able to avoid the added expenditure of providing health benefits to their employees. Ultimately, this means that essentially twice the number of workers are hired to replace full time workers. However, due to an almost constant pressure to reduce payroll, which in the retail industry “consumes between ten and twenty percent of total revenue”, many employers are constantly looking for opportunities to cut their employees’ hours (Lewis). Consequently, many retail stores hire too many employees and distribute hours poorly among them, therefore, forcing part-time workers to: face financial problems, manage

Read More
1021 Words | 5 Pages

This increased profit for insurance companies. Obama care also mandates Business with more than 50 employees to offer them health insurance, because they receive tax credits worth up to 35 percent of their contribution to employees’ health insurance.  Non-profits receive a 25 percent credit. Employees receive a uniform summary of benefits, and a 60-day advanced notice if anything changes in their

Read More
626 Words | 3 Pages

Out of 20,000 doctors surveyed nationwide, almost 50% said that Obamacare deserves either a “D” or “F”. Many doctors claim that Obamacare disrupts the relationship between the patient and doctor. Many patients receive cancellation letters because their plan didn’t meet the law’s minimum requirement, as a result the hospital is forced to drop the insurance provider from their list of acceptable insurances. Obamacare severely restricts their choice in doctors, because they are forced to choose between price, access, and quality of care. Doctors have been forced to spend less time treating patients ever since Obamacare has passed, which not only puts the doctor at risk, but also makes it more dangerous for patients.

Read More
863 Words | 4 Pages

The Affordable Care Act, also known as Obamacare, is one of the greatest debates in Washington and around the country since the bill was passed by the Obama Administration on March 23, 2010. Many people had and still have questions about the law. One of the common questions is: ‘Will it drive prices of goods and services in hospitals up or will it lower the costs of the services sold’? The answer to this question will be answered as we look at the economic status of this bill.

Read More
1267 Words | 6 Pages

The Trump administration is attempting to pass legislation in congress that would repeal the Affordable Care Act also known as Obamacare so far they have not been successful. If this legislation passes it will cost

Read More
1512 Words | 7 Pages

It will just be canceling out the changes. Another online article by Los Angeles Daily News, states that “To survive, more profitable businesses will have to reduce workers’ hours to a bare minimum, automate as many positions as possible and raise prices as high as the market will bear”. The only way for business people to live in these conditions is to raise their prices, but that will also mean that they will not make as many sales. Not as much sales, means that they won’t make as much

Read More
484 Words | 2 Pages

It would hurt everyone because in the article in the cons section the author said that giving people who work at fast food restaurants would eliminate jobs for people who want to start working . It would also hurt everybody’s pocket because people who eat out on a daily basis outside to fast food restaurants they would lose more money because if restaurants gave their workers a raise they would want to get their money back so they would raise the prices of their food. Giving a raise to fast food workers would hurt everyone economically. Without a doubt raising the wages for the people who work at fast food restaurants would hurt every fast food restaurant. It would damage fast food restaurants because they would lose money for raising their

Read More

More about Obamacare Persuasive Essay

Related Topics

Open Document