Here it is, ObamaCare explained. We've been explaining ObamaCare is detail, but here's the short version of ObamaCare explained for your convenience. ObamaCare, officially called the Affordable Health Care Act, it is a health care reform bill signed into law in 2010 By President Barack Obama. The parts of the reform laid out under ObamaCare bill is already in effect and the rest continues to roll out until 2022.
ObamaCare reforms and regulates insurance companies and health care standards but doesn't control your health care, your health care is still bought by your via a private insurer. ObamaCare lowers what 98% of Americans pay for taxes, decreases the deficit and improves government run health care programs like Medicare by cutting out wasteful spending. ObamaCare also expands Medicaid to cover 17 million uninsured seniors and low-income individuals.
ObamaCare Explained Taxes: Those who aren't covered under Medicaid or Medicare will have the option to buy private insurance, obtain insurance through the workplace, pay a small tax to not have health insurance (this helps it remain affordable for the rest of us) or buy private insurance through the ObamaCare exchanges. The ObamaCare exchanges are an online marketplace where health insurance companies compete to be your provider. The exchanges are state or federal run (depends on the state) online market places are easy to use and run similar to how you can buy car insurance online now.
ObamaCare Explained Who Can Get insurance / ObamaCare Exchanges: Americans above the poverty level who buy insurance on the exchange will qualify for up front cost savings, subsidies, and / or tax breaks. This ensures that everyone can buy quality affordable health insurance.
ObamaCare Explained Businesses: Both employers and health insurance companies greatly benefit from the reform and support it regardless of what you hear, since it provides major financial benefits to both.
Note: 3% of small businesses will pay a tax on profit over $250k or be required to provide healthcare if they have over 50 employees. The rest of the small businesses, mom and pops specifically, will have better access to cheaper healthcare for them and their employees. If they do decide to provide insurance for their employees they will receive generous tax breaks.
ObamaCare Explained Seniors: Seniors greatly benefit from the $716 billion of wasteful spending cut from Medicare and the closing of the donut hole. The money is reinvested in Medicare and ObamaCare to improve coverage and to insure tens of millions of more seniors. Medicaid insures 17 million more seniors.
ObamaCare Explained Protections: ObamaCare includes a number of protections for women including better access to preventive services, expands coverage to millions saving countless lives, ensures people can't be denied for preexisting conditions, stops insurance companies from dropping you when your sick. regulates insurance premium hikes for profit and improves the health care industry as a whole. Doctors and Hospitals all agree, they want to keep ObamaCare, in fact they have already started re-working the health care system, repealing ObamaCare now would cost them Billions.
Obama Care saves millions of lives, trillions of dollars and gives the American worker more freedom by not being dependent on their employers or insurance companies for care. Health care is now in your hands, It's your health care, not the governments. The government just makes sure you get a fair shake and the insurance companies play by the rules. Thanks for checking out our quick ObamaCare explained breakdown. Check out the site for a more detailed explanation of ObamaCare.