Preview

The Pros And Cons Of The Affordable Care Act

Good Essays
Open Document
Open Document
1275 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Pros And Cons Of The Affordable Care Act
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 …show more content…
Many people agree with The Affordable Care act but the Cons outweigh the Pros. The individual mandate is a penalty fine or fee. The government will tax those who do not have health insurance because of the Affordable Care Act. “The Individual Mandate says all Americans who can afford health insurance have to obtain health coverage, get an exemption, or pay a fee. That creates an extra complication with regards to filing taxes. Some folks who just barely miss the Federal Poverty Level limit of 400% are hit the hardest, as they do not qualify for assistance. Those who do get cost assistance need to adjust tax credits on the 8962 – Premium Tax Credit form.” (ObamaCarefacts). If you do not earn enough money to pay for the health insurance that they need, they will help you receive cost assistance so that you can pay for it. Then they will adjust your taxes so you will have to pay taxes aside from paying for health insurance, which costs more of your hard-earned money. The Affordable Care Act forces people to pay, even though they do not earn enough money to pay to pay for health insurance, they tax those without health insurance, and they tax those that cannot pay for it because they help the people who cannot afford with cost …show more content…
“Obamacare has been a great thing for many lower-income individuals, but for the middle-class individual or family that makes just beyond 400% FPL (the subsidy cutoff), Obamacare has potentially been more of a hindrance than help. The average silver plan across the country runs $307 per month, and that doesn’t include what could be a $2,000, or higher, annual out-of-pocket deductible on top of that if you do need medical care. Even if some individuals can afford the health premiums, the actual cost of getting care and paying the deductibles could be too high for some consumers.” (Sean Williams). This plan thousands of people in debt because of the overpriced deductibles and monthly payments. The middle class is in constant struggle to pay all the

You May Also Find These Documents Helpful

  • Powerful Essays

    Pros And Cons Of Obamacare

    • 1325 Words
    • 6 Pages

    establish a working healthcare plan, and succeeded. Now that this plan is on the verge of…

    • 1325 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Obamacare was designed to help the lower income people whose jobs did not provide health insurance or those who could not afford it on their own. A few of the main or biggest beneficiaries of Obamacare include those between the ages of 18 and 34; blacks; Hispanics; and people who live in rural areas. The people that hurt the most from Obamacare include people who are 35 and older and those who are self-employed, or a combination of both. Many of these people who are hurt the most happen to generally be Obama’s political opponents. While there are movements to replace and even to repeal Obamacare, success for these movements seem rather unlikely. For the most part, experts seem to believe that the likelihood of Obamacare failing is basically…

    • 303 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The Affordable Care Act was signed into a law on March 23, 2010, by President Barack Obama. The United States, after long years of demanding Ever since the enactment of Medicaid and Medicare in 1965, this law is considered the most important administrative system of the United States health care system. This law was planned to help avoid terrible health care costs to the people who did not provide health insurance for themselves. The terrible health care costs can destroy the credit scores of the people. This can eventually cause home closure and even bankruptcy. The Affordable Care Act expects to raise the value, admission, and inexpensiveness of health coverage. Also, to lower the health care prices for the government and citizens. In…

    • 326 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Amadeo informs the reader about the main advantage of the Affordable Care Act. It lowers health care costs overall by making insurance affordable for more people. That’s because insurance will be extended to two uninsured groups. She also writes about the main disadvantage. That the Act could actually increase health care costs over the short term. That’s because many people will receive preventive care for the first time in their lives. (Amadeo2013)…

    • 438 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Affordable Care Act withstood many trials on its way toward becoming reality, from epic congressional battles, to a pivotal Supreme Court ruling, to — finally — yesterday's Presidential election.…

    • 606 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Affordable Care Act is enjoyed mostly by pro low and middle income Americans, especially in states that expanded Medicaid eligibility. Since Affordable Care Act works on a sliding scale, Affordable Care Act gives to about 30 million of 44 million uninsured Americans access to health insurance and expand Medicaid over 15 million previously uninsured low-income individuals and families below the 138% FLP mark. In the past, many of these low-income…

    • 262 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Healthcare reforms a recent issue occurring in United States of America. Catherine Arnest an article writer for BusinessWeek who was a winner for the Computer Press Award wrote the article titled “Health-Care Reform: McCain vs. Obama.” Which relates to Obama’s plan for healthcare and McCain plan though her view is that McCain plan is less likely to help the people who don’t have healthcare. By Catherine Arnest saying, “There is a basic philosophical difference at the heart of the health-care reform proposals of Senators John McCain and Barack Obama, and in this case McCain really is the maverick.” Catherine stating this meaning that she feels Barack Obama has a better plan for fixing healthcare then McCain, her view is that…

    • 922 Words
    • 4 Pages
    Good Essays
  • Good Essays

    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…

    • 860 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Obamacare Pros And Cons

    • 773 Words
    • 4 Pages

    Supporters of it will say that people can now have access to affordable, high-quality health insurance through medicaid expansion, their employers, and the health insurance market. But the cons of that are to get the money to help insure all these people, there are new taxes. The taxes that may affect people directly are the individual mandate and the employer mandate. Another pro that people see are that Obamacare’s protections ensure that you can’t be dropped from coverage when you get sick or make a mistake on your application. You also can’t be denied coverage or treatment for being sick or get charged more for being sick. Plus, you can’t be charged more for being a woman. Other protections ensure that you have the right to a rapid appeal, that health insurance companies can’t make unjustified rate hikes, and that these companies must spend the majority of premium dollars on care, not paying executives. Insurance companies must cover sick people, and this increases the cost of everyone’s insurance. The opposition of that is to ensure people don’t just buy coverage when they need it, most people must obtain coverage or pay a per-month fee. Also, coverage can only be obtained during annual enrollment periods. A person can owe the fee due to forgetting to pay a premium, and then not be able to get coverage until next open enrollment. Some people were benefiting from being in a low-risk group. Men in good health with no pre-existing conditions, who were not responsible for anyone but themselves, and who remained healthy had low insurance costs. They may have had cheap limited coverage before the premium hikes took place a few years ago. Any of the pros that Obamacare might have have a bad opposition behind them that will defeat the purpose of having…

    • 773 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Downfall Of Obamacare

    • 159 Words
    • 1 Page

    ObamaCare or the Patient Protection Affordable Act established in 2010 has been booming since. It was estimated that ObamaCare would cost approximately from 900 billion to 1.76 trillion more over debt. This program was established to give patients with low income a better advantage in picking out an insurance. The plan costs so much because it adds money to hospitals and different establishments which require that to effectively run the plan. The true purpose of this plan was to bring the costs of medicaid and medicare down for each patient so they can have healthcare coverage, but the patient must stick with the plan for 9 months otherwise the patient will be taxed. One downfall to this is that many companies had to shut down their healthcare…

    • 159 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Affordable Care Negatives

    • 271 Words
    • 2 Pages

    I believe there are positives and negatives with the affordable care act. The Affordable care act was enacted in 2010 and its main focus revolves around the idea that "healthcare is a right, not a privilege" (Wilbanks, 2014). In the 5 years since the ACA was enacted, about 3 million uninsured people under 26 have become insured through their parents and more than 30 million Americans are now insured thanks to the additional protections against preexisting conditions and terminating policies due to illness (Blumenthal, Abrams, & Nuzum, 2015). The rise in coverage and eliminating judgment based off of conditions that people have, is a step in the right direction I believe. However, there are still drawbacks. The Affordable Care Act is…

    • 271 Words
    • 2 Pages
    Good Essays
  • Good Essays

    However, throughout all of this each year health insurance is getting higher for many and they are not able to afford to pay for it. Many are currently being penalized based on the fact that they do not carry health insurance. Taxes will shift and increase as well along with the health insurance, because, we will have to pay for much the national growth expenditures. Each year health insurance is increasing and in the Affordable Care Act it states that insurance is supposed to remain affordable for all Americans and how is this so if it continues to go up every year. “Barron’s Educational Series (2016) reports federal health care mandate providing an open health insurance marketplace of health care options with the requirement that individuals select and pay for a plan (in some cases with federal tax credits) or pay a “fee” on their federal income tax return to opt out of coverage. The comprehensive health insurance reforms severely curtail areas such as bans on preexisting conditions and lifetime maximum limits on most benefits as well as cancellation of coverage.”…

    • 412 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Affordable Care Act

    • 453 Words
    • 2 Pages

    Affordable Care Act, also known as Obamacare, was signed in to law by President Obama on 23rd March, 2010 and the Health Insurance Exchange Marketplace just opened on 1st October, 2013. Some people disagree with this new law by saying that Obamacara would increase taxes and Obama is socialist. Is Obamacare really bad for American people? I think that Obamacare has more advantages than disadvantages for several reasons.…

    • 453 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The Affordable Care Act was signed into law on March 23, 2010 by President Barack Obama to reform the health care industry. It was later upheld by the Supreme Court on June 28, 2012; however, the court held that states cannot be forced to participate in the ACA’s Medicaid expansion under penalty of losing their current Medicaid funding. It represents the most significant regulatory overhaul of the U.S. health care system since the passage of Medicaid and Medicare. The purpose of this act is to give more Americans access to affordable, quality health insurance while reducing the growth in health care spending in the United States. The Affordable Care Act does so by expanding the affordability, quality and availability of private and public health insurance through consumer protections, regulations subsidies, taxes, etc.…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    I feel the Affordable Healthcare Act hurts us Americans more than helping us. I believe that with the way our economy is struggling that adding another $940 billion into our defecit is harmful. With this Affordable Healthcare Act in place our taxes will rise. When many Americans are having a hard time making ends meet raising taxes is the last thing we need. The money that is saved not paying taxes can go back into the economy. I know personally when I have extra money it is often spent rather than saved. Taxes will rise because medicare taxes will rise. The wealthiest Americans, those making $200,000 per year or $250,000 for a couple per year will see their Medicare taxes rise from 1.45% to 2.35%. As I argued before a tax hike means less money in our pockets to put back into the economy. It is hard to stimulate the economy to dig ourselves out of this whole we have sunk in when people are having more taxes taken from their paychecks. Speaking of less , the individuals who do not purchase this insurance and do not qualify for Medicaid or subsidies (approximately 1.2% of the population) will be taxed $95 or 1% of income whichever is higher in 2014. It will increase to $325 or 2% of income in 2015 and $695 or 2.5% of income in 2016. These taxes mean less money in our pockets. Us individuals aren't the only ones who this healthcare act will hurt, it will also hurt medical-device manufacturers and importers who will pay a 2.3% excise tax. If you remember the recent excise tax on tanning services this is very similar to that. When the excise tax was put on tanning services it raised the price for monthly memberships at my local tanning salon and many others I have visited. This means less people are able to afford to go tanning, leading to less employees needed to operate these tanning salons. More taxes equate to less jobs that the business is able to provide. Not only would we see this on our check stubs weekly we would also see the negative on our…

    • 529 Words
    • 3 Pages
    Good Essays