What Are The Benefits Of Obamacare

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Former President Obama once said to the American people, “Let’s keep working to rebuild the middle class... Let’s build more ladders of opportunity for everybody willing to work hard. Let’s make sure the United States of America keeps being a place where you can make it if you try.” When saying these words, Obama had a vision for the act of Obamacare: to help the American people and give them something to hold onto, a light at the end of a tunnel, a promise for financial stability. Obamacare, or the Affordable Care Act (ACA) is the answer, a health care reform law for patients who cannot afford health insurance, and for individuals who are poorer and less fortunate than others. These people get insurance that is foolproof and reliable. Many …show more content…

The States also need to provide a marketplace for people who wish to find an insurance company easily. This helped many as “more than 11.5 million people had enrolled in a health plan through one of the insurance marketplaces created by the law” (Levey). American citizens found the aspect of Obamacare to be useful, and they used it to their advantages. The amount of people benefited is drastic, and the health plans in the marketplaces provide the alternative to shopping for higher priced, hard-to-get insurance plans. Going ahead, individuals are required to have insurance, or they will have to pay the “individual mandate”, or a fee. This mandate allows the insurance industry to thrive and it also benefits the people. For one thing, the insurance industry would not be held up as people would “game the system by buying insurance only once they are sick, which of course would affect the whole country” due to lack of insurance funds (Lemieux). Many argue the mandate is unconstitutional, but this is false. Opponents argued that the mandate went against the Constitution as Congress did not have the power to force individuals to buy insurance, or do something they did not wish to do. However, many, such as Chief Justice John G. Roberts Jr., in the case NFIB v. Sebelius, argued that “the penalty imposed on people who do not carry health insurance …show more content…

Consumers looking for insurance are benefited as they have lower costs than they would without Obamacare. According to the ACA analysis, “silver plans cover seventeen percent more health expenses than the average plan prior to the ACA” (Zamosky). The Affordable Care Act has made a change in the costs and expenses regarding money put into health. Without Obamacare, clearly, the plans and various forms of insurance would be costly. To add on, Obamacare provides tax credits for those who have low income and shop through the health insurance marketplace. These people receive “a tax credit [they] can take in advance to lower [their] monthly health insurance payment” (Advance Premium Tax Credit). The tax credit gives these people enough to get by, seeing as they struggle with health insurance. Tax credits are calculated due to incomes, and to qualify, an individual must have an income between 100% and 400% of the poverty level. Without the huge prices on healthcare, the peoples of America can focus on food, shelter, and all the necessities they require besides their health. The Affordable Care Act also brings Medicare into play. Medicare helps with drug costs and prescriptions for people who cannot afford to pay much for them. Obamacare added many benefits to Medicare, including the coverage gap, also known as the “doughnut hole”. The system regarding the “doughnut hole”

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