The Facts, Pros, and Cons of Obamacare. Reflecting the complex nature of the new healthcare law, Obamacare facts, pros, and cons cannot be explained in just a few short paragraphs.

By definition, affordable health care should cost less than eight percent of your annual income. Tax credits further cap the cost at 9. As Obamacare explained in the past, it does have many advantages for American citizens in the low- to middle-class income demographic, as well as being good for small businesses. Obamacare explained in a nutshell is this: Larger firms may notice a negative financial effect that will in turn affect their employees as well; however, despite some of the Obamacare facts, pros, and cons, all Americans will still benefit greatly from the implementation of the ACA.

Pre-existing conditions will still be covered, and Obamacare will also bring an end to gender discrimination.

While many Americans may see the cost of their health insurance go up, the quality of their insurance will improve greatly. The average American stands to see a reduction in their health care under Obamacare. Obamacare facts, pros, and cons include the following for the average American beyond the 10 essential mandates offered by the ACA. Obamacare will chip away at existing conditions, while expanding coverage. The quality of health care will be improved while, theoretically, the cost will be reduced.

Americans in the middle-income bracket i. Under Obamacare, women in America will experience many pros and few cons. Under the ACA, women will not be required to cover as many out-of-pocket medical expenses. Seniors are yet another group that the ACA will benefit greatly. Obamacare, explained simply, is a boon for seniors. Seniors also will not incur any out-of-pocket expenses for wellness and preventative visits to their doctors.

According to Obamacare facts, pros, and cons, the pros far outweigh the cons for elderly Americans, but some of the reforms to Medicare, including cuts to Medicare Advantage, home health care expenses, and Medicare hospital expenses, will have—or already have had—a negative impact on seniors and doctors who work with patients on Medicare.

This will expand healthcare benefit to 15 million low-income Americans with no insurance. Some argue that this is not about saving money, but rather, it is a politically driven decision that will leave 2—3 million low-income Americans without health care. And this is something that the GOP has admitted to; the information is readily available. Obamacare explained will have many pros for small business owners. Businesses with less than 25 employees will receive tax credits to help offset the cost of buying health insurance for their employees.

This will be a boon, since small business owners have traditionally struggled to provide health care to their employees. There are many Obamacare facts, pros, and cons. Some of them include extending the benefits to a child staying on their parents plan until they turn 26; breaking drug companies monopolies so more affordable generic drugs best time to buy and sell stock iii java be allowed on the market; and providing protection against discrimination based on gender and victims of domestic abuse.

The ability of providers to drop a customer based on pre-existing conditions or being sick are also on their way out. Fast food restaurants also must display nutrition information under the new mandates. There are also oversight committees in place to make sure that the ACA works. So, not that buying penny stock information pros cons have explained some of the pros and facts of Obamacare, it is time to outline some of the cons.

The ACA does not go into effect untiland this has resulted in rising healthcare premiums, often at an alarming rate. Obamacare explained also notes that the 21 states that have opted out of the ACA will have the federal government take care of running their insurance changes.

This has also resulted in a 3. This is to pay for everyone who chooses to receive coverage under Obamacare. While this may mainly affect big businesses and the upper two-percent, these individuals along with those opting out of the ACA will be taxed to pay for healthcare reform—and this may have unforeseen consequences on a still shaky job market. For this to work, taxpayers and states will have to fund the plan. States such as Nevada and Michigan have provided studies on how the U.

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Home Editors George Leong Gaurav S. The Facts, Pros, and Cons of Obamacare Latest Articles. The Facts, Pros, and Cons of Obamacare Image Source: Here are just some of the top Obamacare facts, pros, and cons. Pros of Obamacare Tens of millions of Americans will receive access to affordable health care.

CHIP now covers nine million children. You also will not be dropped if you get sick, be charged more for being sick, or be denied coverage because you are a woman.

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Rates will be kept down and the number of free services offered will be increased. All coverage that starts after must include new preventative services and essential health benefits. Perhaps the biggest pro is that the ACA will help to curb spending on health care in America. Cons of Obamacare The money for affordable health care will come from new taxes, mostly on high-earning organizations and individuals.

Under the individual mandate, you must sign up for a healthcare plan, get an exemption, or pay a penalty. Medicaid will be expended using federal and state funding; however, all states will now have to expand their Medicaid programs. While CHIP is going to be expanded, it also uses state funding. Since insurance companies must cover sick people, this will raise the cost of coverage for everyone. The employer mandate states that all companies with more than 50 employees must provide their workers with health coverage.

The downside of this is that some businesses may have to cut employee hours. Medicare payments to doctors and patients may be limited. Insurance premiums have gone up due to providers having to provide the services covered. Finally, the ACA fails to take into account the actual cost; instead it focuses on making sure that people have coverage. A Golden Opportunity for Stock Market Investors.

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