The Pros and Cons of Obama Care boil down to this: the average American has a lot to gain and little to lose, while those making more, including larger firms and consequently their employees, may notice negative financial effects. While some groups benefit more than others, all Americans will benefit from the additional protections and rights in regards to their healthcare. While some groups benefit more than others, all Americans will benefit from the additional protections and rights in regards to their healthcare. The Pros and cons of Obama Care!
- Tens of millions of uninsured will get access to affordable quality health insurance.
- Over half of uninsured Americans can get free or low cost health insurance using their State’s Health Insurance Marketplace
- Medicaid is expanded up to 15.9 million men, women and children below 138% of the poverty level.
- Small businesses can get tax credits for up to 50% of their employees’ health insurance premium costs.
- Young Adults can stay on parents plan until 26. 82% of uninsured adults will qualify for free or low cost insurance.
- Medicare is improved for seniors including eliminating the donut hole, keeping rates down and expanding free preventive services.
- Obama Care helps to curb the growth in healthcare spending
- In order to get the money to help insure tens of millions are new taxes, mostly on high-earners.
- You have to obtain health coverage by January 2014, get an exemption or pay a fee if you can afford it.
- Medicaid is expanded using Federal and State funding. Not all States have to expand Medicaid.
- Insurance companies must cover sick people and this increases the cost of everyone’s insurance.
- Young people tend to be healthy and not to need coverage as often as older Americans.
- Insurance premiums have increased due to insurers having to provide covered services.
- Obama Care focuses more on making sure people are covered than it does on addressing the cost of care in the first place.