Obamacare Pros And Cons

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The Affordable Care Act, also known as Obamacare, is an essential part of an ongoing debate about our nation’s healthcare. It’s something that affects everyone, young or old, rich or poor. It’s a law with many goals, such as helping people afford healthcare, lowering the cost of medical care, and many more. Controversially, it also requires everyone in the country to have a health insurance plan, or pay a fine. Many argue that this is unfair. Health insurance can be extremely expensive, and not everyone wants it. According to [1], health insurance costs an average of $321 per month, and plans for a family are an average of $833 per month. The other option, the fine, is also pricey. Uninsured adults who aren’t exempt from paying face a minimum fine of $695, and a $347.50 minimum fine per uninsured child [2]. Although expensive, however, these fees are necessary in order for Obamacare to work. …show more content…
Because of them, insurance companies “receive enough premiums from healthy people to cover the costs of the extra sick ones.” Insurance helps pay for people’s health problems by using the money paid by those who sign up for coverage, healthy or not. If more healthy people are in the system, there’s more money for the insurance companies to use to help pay the bills of those who are sick. Obamacare also “allows parents to add their children up to age 26 [to their insurance plans]. As a result, more young, healthy people pay premiums but don't use the system. That adds to health insurance companies' profits. They can pass these savings onto customers.”

Pros And Cons Of Obamacare

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Pros And Cons Of Obamacare

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Obamacare Pros And Cons

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Pros And Cons Of Obamacare

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Pros And Cons Of Obamacare

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Obamacare Pros And Cons

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Essay On The Pros And Cons Of Obamacare

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What Are The Pros And Cons Of Obamacare

When President Obama signed the Affordable Care Act in 2010, he said it would cost $940 billion over its first ten years. Whereas, in 2012 the Congressional Budget Office updated its Obamacare cost estimate to $1.76 trillion. That promised $143 billion reduction in deficit didn’t come true either. Obamacare is the worst-performing healthcare system that neither achieved lower expense, efficiency, nor equity.…

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HUM111 Week 4 Essay

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