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A Brief Note On The Gateway Of Obamacare

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Sinjini Chakraborty UIN:679288611
1. Healthcare.gov is supposed to be the gateway to Obamacare. A one stop access portal for anyone who is looking to get insured under the Affordable Care Act or more colloquially known “Obamacare”.
The main goal of Obamacare is to have the 48 million uninsured people in the US come under the purview of affordable insurance so that they can have better health care services by a cost sharing approach.
The goals can be further broken down to 10 major areas:
i) Young People under 26 will be insured under their parent’s health insurance cover. An approximate 2 million ii) Health insurance companies can no longer drop people who fall sick. No gender discrimination. iii) Pre Existing conditions won’t be a hindrance to get an insurance. iv) Essential benefits like birth control, mammograms etc. will be provided without co pay. No discrimination against women.
v) As a result of the top four goals the insurance companies are expected to lose some revenue. To get to a win-win and viable model an “individual mandate” is included. This basically insures that everybody gets insurance whether through their employers, or subsidies by the Government or out of their pockets. For non-compliance in this case is a tax equivalent to 1% of their annual income in 2014 and 2.5% in 2016. vi) Formation of online health care exchanges which are preferably State run. vii) For those people who cannot afford insurance subsidies will be given by the Govt. in

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