How Will Obama Care Affect Me ?

Whenever there is something new the one thing that most people do is wonder how it is going to affect them. The same can be said for something as big as the Affordable Care Act, also known as Obama Care. This is a law that is over one thousand pages long and it has something in it that affects everyone. This becomes the central question as you move closer to the implementation of Obama Care. You want to discover how this is going to affect you.

Positives of Obama Care

At first glance the Affordable Care Act looks like it will only help the extremely poor. The truth is that it is designed to help middle class America. The people that make enough money to buy insurance, but they do not work for a company that offers it. These people will now be able to get affordable coverage beginning January first. To find out more go to www.healthcare.gov to learn more.

Another positive is that along with making health care insurance affordable for everyone, there are some reforms that go along with it. An additional focus of this law is to repair the problems with health care in America. With this law the President feels that the government is taking the first step towards doing just that. This law was created to make things better and so it is trying to do just that.

Negatives of Obama Care

The biggest negative involving the Affordable Care Act is the fact that as of January 1, 2014 everyone will be required to purchase health care insurance. This is something that should be left up to each individual and not be made a requirement. Another negative is that if you do not purchase health care insurance you will be charged a penalty. This penalty can be as much as 1 % of your yearly income.

In addition there is a smoking surcharge that will go into effect in 2015. This surcharge will raise the cost of insurance 50%. Another negative about Obama Care is that no one really knows how all of this is going to be tracked. For example the IRS is supposed to charge the penalty to those that need it. However the IRS has stated publicly that they do not have access to that information. There are definitely some things that need to be fixed.

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