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Essay / The Affordable Health Care Act - 762
In 2010, President Obama signed the Affordable Health Care Act, also known as Obama-care. Obama Cares About Himself is over twenty thousand pages long, and it could add six point two trillion dollars to the nation's deficits. This law was passed to allow everyone the opportunity to have health insurance, especially people who cannot afford to insure themselves. However, instead of helping people obtain health insurance, it forces them to purchase insurance that might not be affordable for them based on their income. It also requires employers to pay for their employees' health care. This expense is covered by the increase in prices of goods and services. Obamacare also has many out-of-pocket expenses. If you earned $24,000 a year and had no health insurance, your premiums would be reduced to less than 7% of your income. If you were to have an accident, your out-of-pocket costs could be as high as $5,200. “This is even with additional financial subsidies that the law offers to people with modest incomes and high expenses.” (Under Obamacare, some are "underinsured" in their care.) Additionally, young and healthy people are generally uninsured and typically earn only minimum wage or slightly above. Since they are in good health, they risk being left without insurance. “Now they will have to take out insurance or pay a heavy fine. If they choose to buy insurance, they will pay higher prices than if they had bought it before Obamacare took effect. (Top 5 Negative Impacts of Obamacare) Another drawback of the law is that it requires large numbers of young, healthy people to pay premiums without using insurance to cover the expenses of those who are sick . “It depends on a large number of young people joining the program. Until now, garbage scattered in the middle of paper ......h drives up prices in stores everywhere. So those who work fewer hours and earn less money now pay higher prices for their goods. In conclusion, Obamacare will increase unemployment and reduce incomes. This deprives us of the right to make our own decision about whether or not we want health insurance. This raises the price of health care to a level that is more difficult to afford. It does not keep the promises made before its adoption. The U.S. federal government already has programs like Medicare, Medicaid, and Social Security that are experiencing financial problems. Why add another one when the government has already proven that it is not good at managing this type of program? I believe the law should be repealed due to its negative consequences. I think the government needs to find a better way to reform health care.