Essay On The Pros And Cons Of Obamacare
Obamacare is a act that is very controversial to this day. This paper is going to examine the pros and cons of the affordable healthcare act.
The pros of obamacare are very arguable because many people think that obamacare is not a good thing. Millions of people are able to receive high-quality health insurance through medicaid, and young adults make up a large percentage of those people. Some tend to question whether Obamacare’s cost outweighs the benefits. “The average American has a lot to gain and little to lose. Those making more, including larger firms and consequently their employees, may see negative financial effects. While some groups benefit more than others, most Americans will benefit from the new rights and protections like guaranteed …show more content…
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 pros of obamacare are very arguable because many people think that obamacare is not a good thing. Millions of people are able to receive high-quality health insurance through medicaid, and young adults make up a large percentage of those people. Some tend to question whether Obamacare’s cost outweighs the benefits. “The average American has a lot to gain and little to lose. Those making more, including larger firms and consequently their employees, may see negative financial effects. While some groups benefit more than others, most Americans will benefit from the new rights and protections like guaranteed …show more content…
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