Under PPACA, employers are not directly mandated to offer health coverage to their workers. However, this measure contains a powerful incentive for many employers to do so. Large employers such as GMFC face a financial penalty if any of their full-time employees obtain a premium credit through an exchange. Large companies are required to automatically enroll their workers in the company’s health scheme, although, the employees are at liberty to opt out…
CNN Library. (2014, September 2). 25 Deadliest Mass Shootings in U.S. History Fast Facts. Retrieved from http://www.cnn.com/2013/09/16/us/20-deadliest-mass-shootings-in-u-s-history-fast-facts/…
Taxes are going up as another result of this health care act. “The taxes that may affect you directly are the individual mandate and the employer mandate.” (Obamacarefacts.com 2016) There were several new taxes that were made to help pay for Obamacare including taxes on pharmaceutical sales and medical device. People with high income also got an additional tax put on them. Some other cons of Obamacare include enrolling complications, businesses cutting employees hours to avoid having to give them coverage, and higher costs. Some people have gotten stuck paying more for Obamacare than they did under their previous health care plans. “ A heavily cited (and debated) 2013 Associated Press report estimated that the health insurance policies of 4.7 million Americans were canceled due to noncompliance with Obamacare standards going into the inaugural year.” (Elizabeth Renter 2014). Many opponents of Obamacare believe that legislation will demolish jobs, hours are being cut and full-time employees are becoming slim. About 1.2% of the population will mainly be paying the tax rather than the health insurance they should be paying for because the taxes are getting so…
The Obama care Health Insurance is one of the most controversial, and horrific idea for the United States economy. The Affordable Care Act, implemented by former President Barack Obama, has put millions of people in debt and millions people in the United States are at risk of bankruptcy. The government forces people to have health insurance even if they do not want it. Young adults are also forced to heave health insurance, even though they might not need it because of their healthy lifestyle. Some people cannot afford the costs of health insurance but they must have it according to the Act. The government will tax those who do not have health insurance because of the Affordable Care Act. The Affordable Care Act forced a multitude of big and…
This is due to the increased cost of this coverage by the employers. This will deny the spouses the option to choose their benefits. “The university says the changes are necessary because the law is projected to add $7.3 million to the cost of the university’s health plan in 2014 alone” (Foxnews.com, 2013). More employers will follow suit. This will probably have the greatest impact on middle class families. I have a personal anecdote argument because my spouse’s health insurance covers our entire family. We are a middle class family and his company offers better benefits at this time. My employer offers health coverage but it is more expensive and it entails higher co-payments for care. The difference in cost is approximately $275 - $300 per month. This is detrimental to a middle class family living on a budget. So, if my spouse’s employer discontinued coverage for families then this would have a huge impact on our…
Obamacare is a federal statute that represents the most significant government expansion and regulatory overhaul of the United States healthcare system. Obamacare will increase healthcare costs tremendously. A positive to it is that it will provide over thirty million uninsured Americans with healthcare. Obamacare will affect businesses, especially small businesses by cutting their hours and jobs. It may also prevent them from providing their employees with health benefits. Obamabcare will also affect Medicare and Medicaid with budget cuts of around $ 716,000,000, a tax increase, and also increase the cost of medications. Health insurance exchange will be set up to try to organize the programs and offer different choices for health care plans. Overall, Obamacare will affect people that already have insurance by making their costs continue to rise.…
Obama Care caused a cut of small businesses owners by 22.6 billion dollars a year making it impossible for the business to keep running. Because the business needs that money to keep operations moving and without it they are stopped in there tracks unable to accomplish anything, forcing them to shut down leaving thousands of people out of work. It destroys lives left and right which is why Obama Care should have never been implemented because loads and loads of lives are ruined because everyone is scared to go to the hospital and get that humongous bill leading them to bankruptcy. I can not stress this point enough on how obama care was only directed at the poor people because obama gave them all the free stuff while we suffered. When it should have been “free” for everyone. So they quit their jobs thinking i can just get free health care now and just live off of welfare but they get rejected now they are stuck with no job, starving kids, and no healthcare what so ever, which isn't that much different than obama care. Obama Care made it to where people with jobs have to be careful on how much they make otherwise they would not get the special benefits of obama care “free” stuff. Obama Care was a plan to make everyone dependant on the government so that they would have complete control over everyone and then we would be the United States home of the…
In an interview with the owner of a restaurant, he stated how the new healthcare reform affects him as a small business because the gov. taxes to much and takes away profit.…
“Obama care was sold as a way to give small businesses new, cheaper sources of insurance through their own health exchanges. Most of those small-business exchanges will not be able to offer workers a choice of health plans in 2014 — which undermines one of the main purposes of having them. And it’s harder for…
Another interesting fact is the disparity of affected younger workers. Out of Two Million workers, 1.7 million of those are 55 and older and only 300,000 are ages 25-55. This is a huge gap leaving many unable to establish or set up stable lifetime expected earnings due to fewer job opportunities. The hard cold fact is that once this law comes into effect, many businesses will make the choice to move more full time workers to part time positions. This will skew the unemployment numbers giving a more hire numbers yet not telling the story of underemployed Americans further hurting the growth of the United States Economy. As of January 2012 as much as over 8 million people are working part time because they could not find Full-Time positions. This new Health care lay plan will increase those numbers making the problem worse.(Furchtgott-Roth, Diana, 2012)…
The new Healthcare law is unfair to the community because it increases taxes, and enforces the employer's mandate. As an example of unfair taxes “The stock market has grown seven times faster than America's GDP since 1981, and two-thirds of the country's stocks are owned by the wealthiest one percent of Americans”(common dreams). Fundamentally the wealthy own the majority of the country's stock, and with ACA passed stock market profits are being taxed up to fifteen percent more than before. The prosperous should not be taxed just because they have sufficient money, it is money that they earned. As a second example “The employer's mandate discourages smaller businesses from hiring more employees because businesses without fifty or more full-time employees (FTEs) may be penalized for not offering medical coverage” (U.S). This is negative for a company because, though they already pay their employees a substantial amount of money, they lose money by paying extra. The ACA ruling is vexatious for people because it increases…
Our current President, Barack Obama, is attempting to create a healthcare law that would require all Americans to purchase a healthcare plan. It is called the “Affordable Healthcare Act” or commonly known on the street as “Obama Care”. While it would be nice to have every US citizen own healthcare, there are many issues and problems that have arisen with the plan. Many US citizens are against the law for various reasons, while there are others who believe the law would be positive addition to the country. The Affordable Healthcare Act is only going to hurt this country even more. There have been many critics saying the act is unconstitutional, due to the government forcing the people to buy something. The healthcare plans being sold are very expensive so it would insure that the poor stay poor. The Healthcare act just will not work in this government or economy; the taxes will hurt the middle class.…
Obamacare is an extensive bill that completely transforms the healthcare system. The main part of the bill is the individual mandate that requires all citizens and legal immigrants to have health care coverage. If individuals do not have health insurance by 2014 there is a monetary penalty. In order to allow many Americans to obtain coverage, it outlines a major change in insurance practice in that companies are no longer allowed to deny individuals health insurance because of pre-existing conditions; individuals are able to buy into health insurance at anytime. Obamacare expands Medicaid for those who cannot afford health insurance; the expansion will supply more than 17 million more Americans with health insurance than before the bill. People who are employed can fulfill this health insurance requirement by enrolling in their employer’s plan. Health insurance must be provided through employers if the company has 10 or more employees. Small businesses will be subsidized so that they can afford to provide insurance. People without insurance through their employer will be able to buy plans through health insurance exchanges, where most will qualify for subsidies, greatly reducing the premiums. Exchanges are run by the state or non-profit organizations and require that all insurance companies offer certain plans that make it easier for Americans to determine the differences between…
On March 23, 2010 the national health reform law became a law. This law includes many measures that have changed the health care system in the United State of America ("Health Reform", n.d). Some of these changes are that most citizens who are legal residence will be able to have a health insurance. People will be able to purchase coverage at an affordable cost. Big cooperation and organizations will have to provide health care insurance for their employees the only exemption of small business that won’t be penalizing for not providing health care for their employees.…
Regulations prevent small businesses to grandfather their health insurance plans, further driving up healthcare spending as small businesses search for new plans.1 When those same small businesses purchase new health insurance plans they are going to find a soggy sandwich in their lap. Effective 9/22/10, non-grandfathered insured health plans will be fully or partially…