When he was elected to the office of the President of the United States, Barack Obama promised the American public that he would bring affordable health care to everyone. It was with this in mind that he signed the Affordable Health Care Bill also known as Obama Care into law. He did this in 2010 and at the time no one really knew what this bill was all about. It is basically one thousand pages of health care reform that includes a provision for people that cannot currently get health care do to their working circumstances.

 

How Obama Care Affects You

To begin with if you do not currently have health care insurance because your company does not offer it, you can now get coverage. Depending on how much you make you can qualify for health care subsidies that will offset the high cost of insurance. You find out what you qualify for by going to www.healthcare.gov. This web site will put you in contact with the Marketplace. This is where you can discover all that you are eligible for. This is where you will be purchasing your new insurance.
In addition to providing health care insurance to everyone, the Affordable Care Act also provides many different health care reforms that will benefit you depending on your situation. Gone are the days of being turned down for insurance because of pre-existing conditions, and you can now keep your adult children on your insurance until they are twenty-six years old.

 

Limitations of Obama Care

As with most things in life, nothing is perfect. This Obama Care bill is no different. For example, if your company provides health care insurance, but it is too expensive, you do not qualify for Obama Care. This is a problem that they will have to sort out, but it is unfortunate. The other big item of contention is that you do not have a choice as under the Obama Care Bill every American must purchase health care insurance. That means that a portion of every paycheck earned in America must go to pay for some form of insurance.

 

The Bad part of Obama Care

If you decide for financial or other reasons not to purchase health care insurance the government will charge you a penalty on your next income tax return. The amount of the penalty is $98.00 per adult and $47.50 per child, or one percent of your yearly income, whichever is higher. While backers of the Obama Care bill will say that these penalties are not very expensive, many believe that the government is telling citizens how to spend their money, and are, in effect, holding the American people hostage if they don’t comply with the program. What this serves to show is that the Obama Care plan is experiencing some major growing pains, yet to be worked out.

ObamaCare By State