You've heard of ObamaCare, but what is ObamaCare or the Health Care For America Plan exactly? Obama Care (also known as the Health Care for America Plan) is a national health care plan aimed at reforming the American health care system. ObamaCare's main focus is on regulating the health insurance industry and reducing spending in health care.
What is ObamaCare?: ObamaCare is the unofficial name for The Patient Protection and Affordable Care Act which was signed into law on March 23, 2010. In a more general sense ObamaCare and The Health Care for America Plan or any such name is a reference to the ongoing health care reform under President Obama.(What is ObamaCare? President Obama Portrait Public Domain by WhiteHouse.org)
The Obama administration has been working on a plan for American health care reform since Barack Obama was first elected into office. (The Democratic Party has been working on health care reform much longer than that.)
So what is ObamaCare and what does it mean to you? There are really only a few things you need to know about President Barrack Obama's "ObamaCare".
The Affordable Care Act contains over a thousand pages of reforms to the insurance industry and the health care industry in order to cut healthcare costs and to provide affordable health insurance to all Americans.
There are around 44 million Americans who currently are unable to get health insurance. One of the major things ObamaCare does is help these individuals to get health insurance through expanding Medicaid and Medicare and offering assistance to Americans who cannot currently afford healthcare.
Now that we know what ObamaCare is, it's time to find out what President Obama's health care reform bill does. Here are some of the most important aspects of the law:
ObamaCare improves the quality of care that Americans receive by providing better preventative and wellness services and raising the standards of the quality of basic health care coverage.
ObamaCare gives tens of millions of low-income and middle-income Americans access to quality health care by providing discounts on state or federal run health insurance exchanges. Find out exactly what the Health Insurance Exchange is and how it works.
Although the Affordable Care Act (ObamaCare) was signed into law in 2010, the health care reforms it enacts roll out year by year until 2022. Many of the biggest reforms don't kick in until 2014. Find Out More About ObamaCare Benefits and Services
ObamaCare helps to ensure that health care coverage is available to any legal U.S. resident who cannot otherwise obtain "quality" healthcare through their employer. Your access to health care is no longer in the hands of health insurance companies.
ObamaCare gives American Employers with over 50 full-time employees the choice between providing insurance that meets the standards of ObamaCare or paying a penalty. This penalty helps to offset the cost of employees who aren't covered through their employer to purchase insurance through the public health insurance exchanges instead of using emergency services.
Employers with less than 25 full-time employees may qualify for tax credits, tax breaks and other assistance for insuring employees.
ObamaCare increases consumer protections. Helping to protect you from being dropped while sick, cut off for lifetime limits, denied for preexisting conditions and offers a better legal standing.
Unless you make over $200k individual / $250k as a family or small business you are exempt from almost every tax ObamaCare levies.
ObamaCare requires that all Americans have health insurance either through a private provider or through a state or federal assisted program. If you don't have insurance you must pay a tax equal to 1% of your income in 2014 and 2.5% in 2016.
ObamaCare expands Medicaid to over 15 million uninsured low income Americans.
President Obama's health care law aims to reform the healthcare industry by cutting out waste, reallocating where government funding goes, fixing what doesn't work and most of all ensuring healthcare for Americans.
Now that we've answered the question "What is ObamaCare?". Now it's time to figure out what the ObamaCare $700+ billion dollar tax cut to Medicare really means and to get the rest of the ObamaCare Facts.