Obamacare : The Cheapest Price Of Obamacare Is $ 20000

Health care has been a controversial topic of discussion for all Americans since it was put in effect many years ago. Currently the biggest debate of Healthcare up to date is Obama’s Patient Protection and Affordable Care Act, also known as Obamacare, is a Health care Reform that is a governmental attempt to make basic health care easily obtainable. However, there are no benefits without cost in situations like this, and upon that are different viewpoints on the subject thus creating political debates discussing if it is ethically correct. The overall goal that Obamacare hopes to accomplish is that through specific changes through insurance companies, industry standards, and patient guarantees a healthier America will be produced. Obamacare has its ups and downs for both the generally agreeing democratic viewpoints and the opposing republican side. Both viewpoints have their own beliefs about how Health care works and Obamacare is somewhat in between on this. Most arguments on Obamacare deal with Medicaid being constitutional and if Obamacare truly reduces the total cost of health care for individuals and in the government.

Obama’s Health Care Reform, better known as ObamaCare was signed into law on March 23, 2010. It is officially called the Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA). This act is meant to provide affordable, good quality health care to all Americans and to cut health care spending. The ACA has been on ongoing struggle to reform the health care system. Almost 50 million Americans still lack health coverage despite the fact that ObamaCare continues to help provide an increasing amount of Americans with access to affordable, quality health insurance . ObamaCare doesn’t take place until 2014, 2013 is considered one of the most important years in history of ObamaCare.

Obama realizes that a strong nation needed the good health of all people. As a result, President Obama brings the Obamacare health insurance into the marketplaces to reduce the health care costs and to get access to health insurances easier as well. Under the Obamacare, there are no people to be denied coverage for

“For 2016, the penalty is $695 per adult and $347.50 per child under 18 (up to a maximum of $2,085 per family), or 2.5% of household income, whichever is greater. In other words, the $695 amount is a floor for individuals, not a ceiling. You must make a payment for each household member who you claim as a dependent. The penalty amount will be indexed for inflation each year starting in 2017. For prior years, the penalties are:

While the Obamacare act has both pros and cons, people are likely to support it or disagree to it on account of the perspective that they see things from. In spite of the fact that the act involves a series of benefits, it is difficult and almost impossible for one to ignore the fact that it is likely to cause a significant shortage of healthcare professionals and that it is also probable to cause an increase in drug prices.

The Affordable Care Act (Obamacare) is a healthcare program created by president Obama’s administration. The goal of the Affordable Care Act is to make sure every United States citizen has health insurance. The Affordable Care Act provides “affordable” health insurance plans to citizens that do not have any and make about $15,000 a year. While the idea of providing health insurance to the millions of American’s that cannot afford it is great, everything comes at a cost. According to Emily Miller, Obamacare is causing people’s health insurance premiums to rise by around 1 to 9 percent (Miller 15-15). Not only are insurance premiums rising, but ever since the Supreme Court declared the Affordable Care Act constitutional approximately 20 tax hikes have been approved (Battersby). All the aforementioned reasons are helping pay for Obamacare. Although providing health insurance for people that cannot afford it is important, the Affordable Care Act should be revoked because it will hurt the economy.

The term “individual mandate,” as a component of the Affordable Care Act, is a mandatory requirement according to which the majority of people in the United States has to have some kind of health insurance. Most specifically, according to the fundamentals of this regulation, any individual who can afford a health insurance policy, but chooses not to do so, will have to pay a fine. Prior to the existence of the individual mandate, health insurance companies had the choice to reject people with health conditions that would potentially incur high costs. Because of this reason, a significant number of people did not have any health coverage. In order to maintain insurance premiums reasonably steady and sustain government cost balanced,

The individuals likely to opt out of insurance are those who are young and healthy. However, without healthy people paying into the system, insurance companies are forced to raise rates for ill patients in order to make a profit. In this situation, those with long-term health conditions may not be able to afford treatment. For example, a family of four could find a monthly plan for as little as $433 with a $0 deductable, but only if they were to receive regular treatment and medication. A plan like this would not cover treatment like chemotherapy, which can cost over $10,000 for a single course. With Obamacare, families can afford to buy insurance that will cover treatments for cancer and other life-threatening illnesses. If Trump succeeds in repealing the ACA it could leave sick patients with no choice but to decide between inevitable death or financial ruin.

In order to make insurance affordable to all there were extensive private health insurance regulatory reforms, particularly in the small group and non-group markets, there were tax credits offered to the smallest lowest-wage employers for the purchase of health insurance, there were reductions in cost-sharing associated with recommended preventive care. For example if you signed up with a fitness center you can get a 50% discount on your insurance. The market exchange was established for the purchase of private coverage plus subsidies for the individual purchase of coverage and for the cost-sharing of the modest income. “The affordable care act also expanded the eligibility for the Medicaid program to all non-elderly with incomes up to 138 percent of the federal poverty level ($23,000 to $32,000 for a family of four in 2012) starting in 2014, which helped phase out the Medicare prescription drug benefit coverage gap, a.k.a. the “doughnut hole”.” To make sure that everyone is complying with the rule of everyone needs to have healthcare coverage there was a penalty set up for those that failed to comply. The penalty was if you did not have insurance by the set date you will receive a tax penalty that you will have to pay when filling your taxes. There are financial requirements that large- and medium sized

Obamacare expands Medicaid and created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans. It makes it easier for low income families to receive benefits from Medicaid and other unsubsidized loans. Over half of uninsured Americans can get free or low cost health insurance, and some can get help on out-of-pocket costs using their state’s Health Insurance Marketplace. Through the Marketplace, though, you can only get certain plans from certain providers, as many of them are unwilling to provide subsidized loans. Protections from Obamacare also ensure that you can’t be dropped from … or denied coverage or treatment for

Obamacare serves the purpose of expanding health insurance access, protect patients against arbitrary actions by insurance companies, and reduce overall costs. As discussed in the above section, evidence shows that there are many issues in the current healthcare system that warrants a change. These changes will more or less take years to establish in full swing but it is important to start supporting this change now. These changes will pursue an overall improvement of the current healthcare system to the possibility of a sustainable system while ensuring a healthier nation.

The first main issue that people are concerned with, and that causes confusion, is what will happen to people if they do not get their own health insurance by the time the Act takes effect. In short, they will be fined or penalized (McDonough, 2011). This penalty is seen as

While have I have just talked about all the negative aspects of Obama -Care, there are some positive aspects as well. In 2014, because of Obama-Care no one could be denied health insurance because of pre-existing conditions. Also the amount of people under 65 who were uninsured fell from 18 percent to about 10 percent. While Obama-Care does have some drawbacks, it is working in certain ways.

Also, there is a high possibility of health insurance lobbying for their favored services to be included in the approved plans. The “Obamacare,” say opponents, imposes a hidden tax where those with health insurance will be required to pay for those without a health plan. “It is a way of taxing healthy people without calling it a tax.”

After one of the most grueling presidential races in American history, the populous candidate Donald Trump has been elected by the American people as our next president. While campaigning, one of the first things that Trump vowed to accomplish in office was to repeal and replace the Affordable Care Act (donaldjtrump.com). Trump should have no trouble doing this with the support of both the Republican senate and the Republican House. The consequences of what exactly will be done is a constantly argued topic and the phrase “repeal and replace Obamacare” has become a sort of buzzword in the media.