Pros And Cons Of The Affordable Care Act

The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 by President Barack Obama. The Patient Protection and the Affordable Care Act is commonly referred to as the Affordable Care Act (ACA) or Obamacare. The law was created in order to offer all citizens quality affordable health care. The Affordable Care Act decreased the amount of citizens without health care. Now, about 20 million to 24 million citizens have health insurance due to the Affordable Care Act. The Affordable Care Act requires that employers provide health insurance to 95% of all their full time employees or pay a penalty fee. Therefore, the Affordable Care Act negatively impacts employers who must offer insurance to their employees. Signed by

Employees are considered full time employees if they work over 30 hours a week. Big businesses must provide minimum health coverage to full time employees. If big businesses don’t offer their employees insurance than they will have to pay the Employer Shared Responsibility Payment fee. The penalty fee will be $2,000 per full time employee that isn’t insured excluding the first 30 full time employees. The $2,000 fee would be paid every month that the employee goes without be insured. On top of paying for the insurance of 95% of their full time employees, they also have to pay for all the employees’ kids health insurance as long as they’re under 26 years old. Employer’s don’t have to pay the Employer Shared Responsibility Payment fee if they offered an employee health insurance and the offer was declined. If big business employers are self-insured employers, they might be required to pay a fee in the Patient-Centered Outcomes Research Trust Fund. The Patient-Centered Outcomes Research Trust Fund is an organization that educates the public on decisions that help improve the quality of medicine. Employers of big businesses must file an annual return report that says which employees have what insurance. Employees that aren’t offered health insurance can get cost assistance

Before the ACA was signed, a large part of the United States population did not have stable insurance. Immediately after the ACA was passed, around 50% of 18-34 year olds were able to get insurance for less than $50, and they were also able to receive multiple benefits. Healthcare is an important political topic that many constituents care about, so the Presidents have to act accordingly. President Obama passed the bill to please his constituents, but now President Trump, who disagrees with the law, is working to repeal the law and replace the bill to please his constituents. As one can tell, healthcare is a difficult area for the government to act on. However, with the ACA, much of the population was satisfied with how the bill worked and had few issues with how healthcare was working. This was the goal of the Obama Administration. The role of the Affordable Care Act was