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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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