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Pros And Cons Of Obamacare

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Introduction

ObamaCare is a US healthcare reform law that expands and improves access to care and curbs spending through regulation and taxes (ObamaCare Explained, 2016). Given my research on ObamaCare I believe that the future effect for employers will be pleasant because of the thousands of jobs it has created and coverage of your spouse and dependents until age twenty-six.
Obamacare for Employers
ObamaCare formally known as The Affordable Care Act purpose is to increase quality, access, and affordability of healthcare of insurance (ObamaCare Explained, 2016). The law requires United States citizens to obtain health insurance or pay a monthly fee (ObamaCare Explained, 2016). Some pros of ObamaCare is improves Medicare coverage, expands …show more content…

ObamaCare helps save millions of lives, frees up billions of dollars and gives Americans workers more freedom. Obama care was passed in the senate on December 24, 2009, and passed in the house on March 21, 2010. President Obama signed the bill on March 23, 2010. Last the Supreme Court on June 28, 2012. The bill went into effect in 2013 will still in effect till 2022 (ObamaCare Explained, 2016). Since 2013 it has been mandate that employers must offer health insurance that is affordable and provides minimum value to 95% of their full-time employees and their children up to age 26 if not they will pay a fee (What Is The Obamacare Employer Mandate?, 2016). The minimum number of employees for ObamaCare is all businesses will 50 or more full-time employees fee (What Is the Obamacare Employer Mandate?, 2016). The penalty fee includes companies that do not offer affordable covered will owe 3,000 dollars for every full time employee who gains cover through the marketplace. The 3,000 fee will be paid every single month. 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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The affordable care act is a United States statue signed into law by President Obama in March of 2010. It represents the most significant improvement to the U.S. healthcare system since 1965 with the addition of Medicare and Medicaid. Also known and commonly referred to as Obamacare, it was enacted to increase the affordability and quality of health insurance, diminish the rate of the uninsured by expanding public and private insurance coverage while reducing the cost of healthcare for individuals and the government. This law will require Hospitals and doctors to reconstruct financial practices along side with technologically and clinically to advance better outcomes, reduce cost and improve methods of accessibility.

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The Affordable Care Act, (ACA) often referred to as Obamacare, was signed into law March 23rd, 2010 and has quickly become a nightmare to millions of citizens nationwide. While there were fortunate people who benefited from the heavily subsidized and affordable healthcare that was not readily available before ACA was passed, many more people found that their once affordable healthcare was no longer an option due to new ACA requirements (how so?). ACA was designed to extend insurance benefits to roughly 30 million uninsured Americans. The Obama administration aimed to extend Medicaid and provide federal subsidies so lower and middle-class Americans could afford to buy private insurance. This act alone forced millions of Americans out of their

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The Affordable Care Act or Obamacare is a legislature that was passed in 2010 to help expand the coverage of healthcare. The Affordable Care Act is made up of multiple different acts, including The Affordable Health Care for America Act, the Patient Protection Act, Health Care and Education Reconciliation Act” and in the act, there are provisions, as well as some regulations have changed and are expanding the ACA (Obamacare). The Act is broken down into multiple titles with different provisions. Three main provisions are the requirement of essential benefits, the guarantee of Healthcare coverage and the Medicaid expansion. One of the main jobs of the ACA is to ensure protection for Americans when it comes to Healthcare needs.

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The Employer Mandate If you have a job at a business with at least 50 full-time employees, the employer mandate requires businesses of that size to provide access to employer sponsored coverage. The employer typically subsidizes the cost of coverage. The premium should not come to more than 9.5 percent of the employees income.

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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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Obamacare,(Patient Protection and Affordable Care Act), was one of President Obama’s major contribution during office. Obama aimed to improve the affordability and accessibility of insurance throughout the U.S. The goal was to increase the number of insured citizens and expand public and private insurance companies. To achieve affordable and accessible healthcare, President Obama made new provisions in four categories which include, coverage expansion, insurance market reforms, taxes, and insurance exchanges. Coverage provisions require uninsured individuals to buy insurance or else face a tax penalty.

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The Affordable Care Act was enacted with the intention to meet the goal of Obama and “provide affordable, quality healthcare for all Americans and reduce the growth in health care spending.” The Affordable Care Act (ACA), also known as Obamacare, is what our nation needs to sustain our people and ensure our people’s rights. March 23, 2010 was the day President Barack Obama signed the Affordable Care Act into law, and ever since, all Republicans in congressional office have made it clear that it is their intention to revoke the law. However, despite over 50 attempts of trying to repeal different parts of the Affordable Care Act, Republicans have accomplished nothing.

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Three million to five million people lost their employment-based health insurance when the legislation approved. Multiple business did this because they found it to be more efficient and effective rather than providing care through their Company. Overall, it eliminated the need for smaller businesses to provide employees with coverage, by making individuals turn to the government for adequate care. This decreased the benefits of workers who were previously covered under their employer as part of their

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In the United States many employees may go without having health insurance. Some will go without visiting a doctor for months and even years. At the same time, most employees may spend long hours at work yet still face measuring their opportunity cost when deciding on health insurance. If that wasn’t crucial enough, many may find themselves force to work under sickened health conditions. Fortunately, recent policy reduces the impact on an economic crises and an individual setback.

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On June 28, 2012, the Supreme Court upheld Obamacare in the court

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Also, A study 2007 by the American Journal of Sandoval 3 Medicine found that approximately 62 percent of all personal bankruptcies were due to medical bills and Hospital Executives continue to make millions of dollars in profit while consumers struggle to pay their ever increasing medical costs. This is just a few examples of the low quality of health insurance in America before the Affordable Care Act and how it led to the Affordable Care Act to be passed in order to decrease the cost and increase the quality. The Affordable Care Act was signed on March 24, 2010 by President Barack Obama. The Act has many features that are beneficial to Americans.

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With healthcare being one of the many debated things in the United States, the current issue is whether or not they should repeal Obamacare. But what exactly is Obamacare? Obamacare, which is the nickname of the Affordable Care Act of 2010, was a health reform law that was implemented by President Obama, hence the nickname Obamacare. It was officially signed into law on March 23, 2010.

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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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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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Obama Care also known as the Affordable Care Act signed in by president Barack Obama in 2010, This was to insure that all the Americans will have free access to medical care if they got sick and it would will help reduce the growth of healthcost spending in the country, hence in economic and stability growth among the citizens of America. Right now in the USA the ObamaCare law is a permanent part of the landscape, The USA republicans said that, despite the high court decision upholding various subsidies, the law itself remains the largest and dangerous threat to health care. Although it has its own benefits, Obamacare is increasing costs for hardworking families. Republicans argue that many people have to pay higher costs or see their former policies canceled. Which is leading to poor economy and increasing of debts and deaths within the country.

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