The Pros And Cons Of The Affordable Care Act?

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After the House of Representatives took up an identical bill passed in the Senate with a vote of 219 to 212, President Obama signed into legislation the Affordable Care Act. Millions of new insured citizens now have access to affordable, quality health insurance through Medicaid expansion, their employers, and the insurance marketplace. Many of the benefits or advantages directly affect low to middle income families while high income earners, large businesses, and some sectors of the healthcare industry get the disadvantages. Pros and cons are deeply rooted in the new health care law. The states are the primary implementers of the Affordable Care Act requirements. They are responsible for three major components of health reform which are…show more content…
The taxes that affect most people directly are the individual mandate and the employer mandate. The individual mandate requires that citizens acquire health insurance, an exemption, or be charged a tax penalty consequently. The penalty for not having coverage will be charged on federal income tax returns. The annual fee for not having insurance in 2016 is $675 per adult and $347.50 per child. The employer mandate is a requirement that businesses with 50 or more full time employees provide health insurance to at least 95% of their workforce. If an employer does not cover their workers a flat fee of $2,000 per full time employee. Approximately 96 percent of employers are small business owners who have fewer than 50 full time employees. In a response to the employer mandate some businesses have cut employee hours. Since the added mandate that insurance companies must cover sick people, a rise in everyone’s insurance has taken place. Some employer Although, Medicaid was expanded not all states have elected to utilize it, leaving 5.7 million low income citizens without coverage
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