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Pros And Cons Of Obamacare

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Can Obamacare/ACA be repealed and replaced with something better? Yes, it can, but the failures and possible fixes need to be addressed. There are four items that need to be fixed: Costs: Costs for employers in the market have gone up considerably since the law was signed in 2010.
Deductibles keep rising, too, especially for Obamacare exchange plans. According to an analysis by HealthPocket, the average deductible for a bronze plan in 2017 is $6,092 for an individual and $12,383 for a family. The average silver plan for an individual is $3,572 and $7,474 for a family. Exchange websites: The federal government sent taxpayer money to the states to set up their own websites for the health insurance exchanges. Some states did not want …show more content…

If it fails before a replacement is instituted all those who received insurance under the law may lose it again. Here are a few ideas to implement if a compromise cannot be reached on a repeal and replace platform. The quickest fix is already implemented by Obamacare without anyone mentioning it. Everyone is freaking out over the repeal, the exchanges offer subsidies and those who don’t get subsidies are already in Medicaid, i.e. welfare. No one will technically lose their coverage by repealing.
Congress needs to act and make sure that the insurance markets in place are stable and can sustain further growth if needed for improved markets.
Reduce the costs in the individual and small group markets by liberalizing insurance rules, particularly the federal benefit and insurance rating rules, which artificially drive up premium costs for younger families. Reduce the costs of employer-sponsored insurance. Administratively, this can be done by liberalizing the “grandfather rules”, thus allowing employers greater flexibility to alter or modify their plans, delaying the employer mandate reporting and penalty requirements. Legislatively, Congress should kill the employer mandate entirely.
These are just a few fixes that need to be looked at, discussed, and maybe included in Congresses plans to repeal Obamacare and the ACA, and replace it with something much better and

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Following the results of the November general elections in the United States, Donald Trump was declared as the winner of the hotly contested presidential elections in the country. It raised more questions regarding the fate of Obamacare that had been advocated for by his predecessor, President Barack Obama. In the course of the campaigns, President Trump was very vocal regarding the need to repeal Obamacare and vowed that it would be one of his first duties in the oval house to ensure that Obamacare was done away with. However, it is critical to acknowledge that the process of repealing Obamacare will not be a walk in the park leave alone replacing it which is anticipated to be even tougher. It is essential to understand that through Obamacare,

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Worst yet, people cannot keep the plan they like. Based on evidences, insurance companies had canceled plans of more than 1 million people, because they didn't comply with the ACA’s 10 essential health

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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.

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Recently, on October 12, President Donald Trump took his first steps toward fulfilling his vow of doing just that: repealing Obamacare. He signed an executive order that targeted the health care law, asking federal agencies to “look for ways to expand the use of association health plans, groups of small businesses that pool together to buy health insurance, and to broaden the definition of short-term insurance, which is exempt from the Affordable Care Act’s rules, administration officials said.” President Donald Trump claimed that the order would “give millions of Americans with Obamacare relief,” and that it would “cost the United States government virtually nothing and people will have great, great health care” (he was referring to “people” by the millions and millions). Experts worry that the possiblity of President Trump’s administration making cheaper plans with decreased benefits more available will damage the ACA’s marketplaces, being that Mr. Donald Trump aims to open more loopholes for more individuals to purchase insurance outside of the health care law’s market. This repeal bill was blocked, also, and it was not said what the next version would be.

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This helps the Republicans take advantage of voters. Even though Republicans may use this to win votes, I think the Republicans “war to end” Obamacare will end in a broken promise. How is the federal government supposed to get rid of a program that saved many people’s lives and provided so many with health insurance that they couldn’t afford before? Untangling and removing insurance from people may be a job that is not only resented, but

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Americans have the opportunity to choose a health care insurance that works best for them. For example, the insurance exchange offers affordable choices of private plans that have to compete with their business which is determined by cost and quality. They also receive a tax credit that helps with the cost of paying for their employees’ health insurance. The Act also considers Medicare as one of their priorities. In order to give the best quality of care for senior adults and lower the cost, the Act saves thousands of dollars in drug costs by closing the coverage gap known as the “donut hole.”

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If an employer fails to offer health insurance then the employer must pay 2,000 per full time employees fee (What Is The Obamacare Employer Mandate?, 2016). The companies can deduct the first thirty full

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With this statement, Rush Limbaugh sums up the Affordable Care Act, which was signed into law on March 23rd, 2010. The Affordable Care Act, or Obamacare, is a major overhaul of the national healthcare system, because it’s supposed to give health insurance to 32 million uninsured Americans by 2019 (Thomma, Steven). However, it needs to be repealed because it is simply an aggressive declaration of government power, and its financial burden

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There are way too many people with diseases and health problems to just ignore it. Allowing something like this to get through a bill is so dangerous, because so many people could possibly be without coverage. Not everyone in the world has money to afford increased rates, so changing the bill and protecting pre-existing health conditions would make a big difference. There is a reason ACA was created to protect the people, as in the past “Prior to the ACA, insurers could discriminate against consumers based on their current health conditions and medical history” (Gee) so it would be absurd to remove it already. It is important that bias actions like these never happen again and this would be the best recommendation for the bill.

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The success of Medicaid expansion, e.g., improved infant and child care, reduced mortality rates, and increased access to doctors’ offices (instead of expensive ER visits), is hard to argue against. Unfortunately, 12 percent of children still have no health insurance, despite expansions in public health insurance. The 800-pound elephant in the public health insurance room is the states’ budgets. With the stroke of a pen, funding cutbacks can derail any positive gains for public health insurance for children. The ACA was one of the most contentious pieces of legislation to come down the pike since the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA), and the importance of this piece of legislation is

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One large impact will be the fluctuation in the number of people covered. Many believe that because there is no penalty for leaving and for staying out of the insurance market, people are actually incentivized, or in the case of the poor, forced, to stay out. This increase on the amount of uninsured will in turn increase the cost of insurance for those who have it, and decrease the quality of insurance. As we read from Pauly and Pagan, the quality of health care, when there is a high percent of uninsured people in the area, is lower for everyone, insured or not. This is because less money is circulated through the health care system, so physicians are paid less, hospitals do less testing, and the budget isn’t adequate to fund optimal

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Obamacare Needs To Be Repealed As of March 23, 2010, the Affordable Care Act has been the new healthcare reform when it was signed into law by President Obama, and was being slowly implemented until February of 2015, when the law was completely intact. The law itself has been questioned by many, because it is well known that the law was not well read by those in Congress. According to Nancy Pelosi, Congress needed to pass the law before they could see what was in it. Over the past couple years, the law has been interpreted, and many see it as a big negative and a huge cost to the American taxpayer, and to others currently paying for insurance.

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The so-called “Cadillac Tax” scheduled to go into effect in 2018 will penalize employers who provide employees with health plans that come at a higher total-cost, which is typically paid for largely by the employer as a benefit (Murphy).This means that the employer will be forced to provide a cheaper policy (with higher deductibles and/or lower coverage amounts), or pay a 40 percent tax on the plan, effectively stripping the employee of more benefits. Once again, this further burdens those that it is intended to help. It can be argued that Obamacare has accomplished the mission it set out for. The rate of uninsured has dropped from 13.3 percent in 2013 to 9.1 percent in 2014 (Murphy).While this is undeniable, what these numbers do not reveal is that while more people are insured, more are underinsured and paying for insurance that they cannot actually afford to use. This idea is reflected in a study by the Commonwealth Fund, which showed that 40 percent of patients whose deductibles equaled five percent or more of their annual income reported going without needed medical services (Murphy).If the idea of the ACA is to provide everyone with affordable care, then it is not only failing, but also hurting those it is intended to help by further burdening them

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So what happens to that 18.7%? Well they get penalized for not having something their income cannot afford. What’s the penalty? Information from the healthcare.gov website explains that the penalty in 2015 for not having coverage is 2% of your yearly household income, or $325 per person (162.50 per minor under 18). Good news?

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The affordable care act should stay in effect because even though it may cost more, it regulates private insurance to get more rights and protection for each person. The Affordable Care Act's purpose was to help give access to affordable health coverage to those who are uninsured. Back in 2009, President Barack Obama said," So let there be no doubt: Health care reform cannot wait, it must not wait, and it will not

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