Obamacare Cons Essay

Even though ObamaCare does a lot right, it does admit somewhat consequences for specific groups of Americans. ObamaCare does hurt a runty percentage of small businesses, has had a negative effect on damages premiums and has made some reforms that have hurt some medical industries and their workers. here are some of the cons of the healthcare billObamaCare Cons Taxes on Small contrast2% of firms in the US have over 50 full-time employees and will have to choose to insure full-time workers or ease up a fine. To avoid this some businesses will cut employee hours or non hire. Some things worth noting are that the fine isnt paid for your freshman 30 workers. Also, many businesses are coming up with solutions that dont hurt the workforce such as passing the scanty equal onto consumers. Please be aware that when politicians say, small business they are as well referring to the top 3% of small businesses who include Hedge Funds which spend loopholes to pass as small businesses. ObamaCare Cons Religious Beliefs in that location is some pipeline over ObamaCare funding womens health services like contraception. There are exceptions built into the law to refuse to provide these services to women ground on religious grounds, but this has non the less been causing issues on the ground, in the political arena and in the courts.ObamaCare Cons Rising PremiumsObamaCare doesnt raise premiums itself. In fact, it reforms the insurance policy industry, finding agencys to drive down costs, make the graphic symbol of insurance better and prevent insurance company abuses like . Unfortunately, many provisions of ObamaCare that offer protections to consumers do not go into law until 2014. In the meantime, premium rates have been rising at alarming rates. ObamaCare doesnt offer a protection beyond allowing tell aparts to enact the provision against expense gouging. Many States are enforcing this, whileothers arent.ObamaCare Cons ObamaCare Insurance ExchangesAnother con of ObamaCare is that 21 states planning to or are opting out of the State step on it Exchanges, let the federal government run their exchanges for them. The claim is that this is a cost swing measure for the State, however the truth is much more complicated. This provision was meant to be in the bill, but it is being abused as a way to avoid providing subsidies to low and middle income Americans and forcing the Federal impose revenuepayers to take care of anti-ObamaCare states constituents. This has resulted in a 3.5% fee for insurance companies to sell insurance on the federal exchange. Learn more about the State Run Insurance Exchanges.ObamaCare Cons Tax for Not Buying InsuranceCome 2014, you must purchase insurance or pay a penalty income tax. The number one year it is $95 or 1% of your income. In aim for the schedule to work at its best ideally everyone would have insurance resulting in affordable quality insurance for all, the tax helps off influence the estimated 6 mi llion people will pay the fine in the first year instead of purchasing insurance.ObamaCare Cons Big Business TaxesMedical blind taxes and drug innovator taxes dig into the profits of some of the power houses in their respective industries. These taxes are a reaction to the large profit margins these companies have and the hold they have over the competition. They drive up the cost of health care, thus they are taxed to help pay for health care reform. However, taxes on large businesses may have unintended consequences in the job commercialise and in aspects of the health care industry. We dont have establishment of their effects yet.ObamaCare Cons Taxes on the 2%The top 2% of businesses and individuals in the US will pay some extra taxes.You could argue that are next to the 3% will get hit the hardest because the have the least extra cash to stay in the game with so it hurts them more. However, the most point-blank opponents and the ones who fund the anti-ObamaCare campaigns ar e the big businesses who dont like regulation, entitlement programs or any tax or program that affects their bottom line. Aside from the above mentioned consequences its important not to make their interests our own.ObamaCare Cons ObamaCare Hurts MedicareObamaCare cuts $716 cardinal from Medicare and reinvests the money back into the program. Since on that point is such a big overhaul ObamaCare set up a committee to oversee spending and effectiveness. Due to the sheer volume of reforms some of them, even though well intentioned, are sure to have unintended consequences and need adjusting. Although ObamaCare has already helped tens of millions of seniors part with money on drugs and get entre to better health care, there are some caveats.ObamaCare is projected to cost $1.1 trillion over the next ten years, and in order for the program to work as intended this is going to include funding from the tax payers and from the States. However, the end result of ObamaCares spending is a $200 billion dollar reduction of the deficit over the next decade, states also adjoin between 90 100% of funding for most ObamaCare related programs they set up. A few states, including Nevada and Michigan, have done studies that show how the States can save billions with ObamaCare. Health Insurance companies stand to make billions, despite a deprivation on profit per plan, since they will be insuring millions of new Americans.