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Pros And Cons Of Obamacare

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I. Policy overview of the Graham/Cassidy Bill Affordable health care, this has been an ongoing issue for the United States for many years. The Graham Cassidy Bill is a revised version of a failed Affordable Care Act repeal bill that could not get the votes needed to pass back in July 2017. The President and the Republican Senators are trying to make good on their campaign promise to repeal and replace Obamacare, official name is Patient Protection and Affordable Care Act (ACA), which is a law enacted in 2010. ("Talk:Patient Protection and Affordable Care Act/Archive 1", 2015) This law was to ensure that all Americans had access to affordable healthcare. The Graham Cassidy Bill, which was designed by Sens. Bill Cassidy (R-La.), Lindsey O. Graham (R-S.C.), Dean Heller (R-Nev.) and Ron Johnson (R-Wisc.), wants to remove the responsibility of managing the ACA from the Federal government and put it into the hands of each state. The federal government wants to stop funding the ACA directly, instead provide block grants to each state so they can develop their own healthcare systems as they see fit. It would also allow states to waive many ACA regulations, such as the individual mandate that requires most Americans to have health coverage or pay a fine. (Kim Soffen, 2017) …show more content…

These subsidies are based on income, age and geography. These subsidies will be eliminated under the new plan and it would be up to the states to determine if they wanted to use money from their block grant to provide subsidies. Cost-sharing subsidies would also be eliminated. Another way people will be able to cover their healthcare costs is thru a health savings account, which currently Individuals can contribute up to $3,400 and families up to $6,750 to pretax. The new plan will allow people to contribute more, making HSAs more attractive. (Kim Soffen,

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This will help the part of the community who are unable to afford the pricey health care costs. The federal government provides tax credits based on one’s income in relation to the poverty line by 4 times. While many state’s government expanded Medicaid coverage to people earning up to 133% of the poverty threshold. A new insurance market reform discusses the “medical cost ratio” requiring the insurance agencies to spend a minimum of 80% of premiums collected on patient care. However, if insurance payments result in less than 80%, a rebate must be provided.

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In this paragraph i will talking about the political effects of the affordable care act, also how the republicans aren’t in favor of this, and how the democrats are in favor of this act on the political spectrum. Republicans think that people can be uninsured with no problem, and leaving insurers without billions of dollars in promised federal payments. After GOP control the republicans and the white house have damaged the affordable care act, but have fallen short of their goal of dismantling it. President Trump eliminated the bill that would restore the two years of payments that the law guarantees insurers, which was estimated at 8$ billion to reimburse them the discounts the affordable care act health plans must give lower-income customers for out of pocket expenses and deductibles. Also the House of Representatives opposed the bill that would provide about 10$ billion over the next two years to help states create high risk pools to cope with customers with high medical costs.

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The whole Senate, Hospital and Medicare Organizations, and even a few Republicans are opposing this bill. The whole Senate is opposing the bill. The republicans that are opposing the bill are Rand Paul, John McCain, Susan Collins, Lisa Murkowski, Ted Cruz and Mike Lee. The organizations that are opposing this bill are AARP, AMA, 6 physician groups, American Cancer Society Cancer Action Network, 15 Patient Groups and Children’s Hospital Association. The whole senate is opposing this bill because they believe in Obamacare and that the Republicans are just trying to find a way to get rid of it.

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Although it was signed into law back in 2010, people had a deadline, which has changed twice, in which they were supposed to purchase a healthcare plan either on their own, or through healthcare.gov, which offers low rate insurance plans (obamacarefacts). The law was not totally in place until this past February, but people are still able to purchase healthcare through healthcare.gov. The law is very well rounded and it stands for a good cause. The people who cannot afford the healthcare really do like the idea of having reduced rates so those who cannot afford healthcare can now somewhat afford it at a reduced rate (sba.gov). Those not being able to be treated for injuries or illnesses now do not pay completely out of pocket, but are helped, and can be treated instead of having to deal with the issues they are having.

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The Affordable Health Care Act, also known as “Obamacare”, is basically just Obama trying to make sure that the whole nation has insurance and if they do not have it by January 1, 2014, they will be penalized with a fine. To make insurance more affordable, many Americans are able to qualify for a subsidy that lowers the cost depending on age and income. Also, “Obamacare” made it impossible for insurers’ to discriminate, or charge higher rates, for anyone who has pre-existing conditions or for a certain gender. Medicare will also be easier to obtain due to requirement of insurance. This law was passed in the U.S. on March 23, 2010 by Congress and President Barack Obama.

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