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Many U.S. citizens are wondering about The Affordable Care Act, also known as "Obamacare". Many people ask, "how will it affect me?", or "what exactly does this mean?".  Below is a list of some of the pros and cons of Obamacare, and some resources to help.


What is The Affordable Care Act?
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PROS:
  • 32 million Americans are currently without health insurance. Thanks to this Act, a larger portion of the general population will now have access to the coverage they need. 
  • Patients with pre-existing conditions cannot be denied coverage by insurance companies, and companies can no longer drop someone once they get sick. 
  • College students can stay on their parents’ plans until the age of 26. 
  • The federal government will pay the states to allow low-income individuals to enroll in Medicaid. 
  • The Medicaid “doughnut hole” gap in coverage will be eliminated by 2020. 
  • Each year, $125 million will go towards funding school-based health centers and programs to reduce teen pregnancy. 
  • States are required to set up insurance exchanges to make it easier to find the best deals on private health insurance. 
  • If an insurance company denies someone coverage, that person can go to an external appeals process. 
  • The number of bankruptcies caused by health-related issues will be severely reduced.

CONS:
  • The intrusion of the federal government into the practice of medicine. 
  • 18 million of the uninsured will be forced to go under Medicaid, while the rest will have to accept another government program. Even so, millions will remain uninsured. 
  • By 2019, an estimated 4.8 million seniors will be forced out of Medicare Advantage. 
  • Medicare will be cut by $528 billion dollars. 
  • Taxes will be increased (especially on high-income individuals). 
  • By forcing States to accept federally-mandated health insurance, the Act violates States’ rights. 
  • Some speculate that you can be thrown in jail for failure to pay your health insurance taxes.

 





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