Obamacare Pros And Cons

This current event is talking how Obamacare is providing to all American at affordable cost of health insurance. It has good benefits that will help a lot of families, individuals and small businesses. Also, Obamacare has its disadvantages too that can force firms to go out of business.

“The Affordable Care Act (ACA), also known as Obamacare, was signed into law in 2010. The act aimed to provide affordable health insurance coverage for all Americans. The ACA was also designed to protect consumers from insurance company tactics that might drive up patient costs or restrict care.”(INSERT)
Open enrollment in the health insurance marketplace starts from November 1 to February 15 of each year to all Americans. This is when you can apply for cost …show more content…
This is a freedom of choice. It is when individuals, families, and small businesses go to look for a health plan for themselves, family members, and employee’s health insurance. You can go to online or their offices spread over different States. Agents are available to help you look for a better plan that fit your needs and cost, and compare the plans and options. Also, through this marketplace the agents can help you look if you are qualify for lower monthly premiums depending on your family size and income. On the order hand, young adults can stay under their parents plan until the age 26. With this, it is up to the young adult to decide if they have a better plan through their employers or …show more content…
With this people cannot be deny or change more cost because they have been sick by insurance companies. For example, people where been change more for pre-existing conditions before like cancer or diabetes this made many families or individual so difficult to afford health insurance. However, Insurance companies cannot cancel coverage or lifetime limits on your care. This is when companies put a limit on what they will spend when you are getting sick.
Last but not the least, pros of Obamacare act is the no discrimination. Families or individuals cannot be charge more premium cost because of their gender, health status, claim history, duration of coverage, occupation and small employer size and industry. However, there are certain reasons such as age, family size, geography, and tobacco use. This is used to calculate your premium or insurance costs to consumer.
One of the disadvantages of Obamacare act is the employer mandate to pay the insurance fee for the employees. This has been a policy or a law as of 2016 that employers are demanded. Employers are force to pay 20,000dollars annually for employee’s insurance, which may or may not affordable to employer or firms operating in U.S.
Next is that most families or individual will prefer to pay the penalty than buying the health insurance. They will not be an exemption for federal income taxes. You will still have to pay the IRS fee for not having insurance.

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Pros And Cons Of Obamacare

Pros And Cons Of Obamacare

Pros And Cons Of Obamacare

Pros And Cons Of Obamacare