Obamacare Expanding Opportunities for the Employed
Posted on December 5, 2012 by admin
One thing that the Obama administration has demonstrated through six years in office is that change begets change. “Change” was the focus of President Obama’s 2008 campaign. He ran under the promise that he would bring about adjustments and modifications to the current government. The Affordable Care Act was one such alteration. Truly, it was more of an overhaul. In any case, by changing the state of the U.S. healthcare system with Obamacare, President Obama and his administration have produced more change. One notable alteration concerns the workplace. Since the Affordable Care Act established widely available health insurance, Americans no longer have to worry about having a job that offers them health coverage. Unlike years past when this was a deciding factor in choosing a job, the importance of employer-based coverage has been reduced. In fact, today, even when business owners offer their employees health coverage, the workers may choose to decline and purchase health insurance via Healthcare.gov or a private insurer. American workers are adapting their views on the workplace and adjusting their priorities. Here are a few examples of how increased access to health insurance coverage has affected employment decisions:
Americans are more likely to accept jobs with companies that do not offer health insurance: Because coverage is easily accessible and affordable outside the workplace, workers no longer have to limit their job opportunities to positions that offer coverage.
New businesses are more likely to start: Americans who were once afraid of starting a new business venture because of a lack of employer-based coverage can now simply buy insurance through federal or private channels.
Early retirement is a greater possibility for some: if you are in your late 50s or early 60s and are ready to call it a career, the Health Insurance Marketplace provides coverage that you can purchase until you qualify for Medicare.
Transitioning to part-time hours is not as costly: full-time employees who are going through major life changes, such as having a child, no longer have to worry about losing health benefits if they reduce their hours to working part-time, because private and government health options are available.