OBAMACARE. Pros & Cons.

28 Jun

OBAMACARE IN A NUTSHELL.

PROS:

1. Congress will have the same insurance as everyone else.

2. People under 26 can stay on parents’ health insurance.

3. Insurers must justify rate hikes.

4. No discriminaton on coverage based on gender.

5. Insurance can’t kick sick people off of coverage.

6. Chain restaurants must post calorie content.

7. No deniel of coverage based on pre-existing conditions.

8. No copays for birth control, breast pumps & domestic violence screening.

9. No annaual or lifetime dollar limits on needed care.

10. Small businesses get tax credits to help provide insurance to their workers.

CONS:

  1. New taxes, penalties, and fees will discourage businesses from growing, lowering economic growth by $706 billion and costing 800,000 jobs.
  2. The Federal government will force the 18 million of the uninsured to go under Medicaid, while others must accept another government program. Despite this, millions will still remain uninsured.
  3. Each year, $125 million will go towards subsidizing school-based health centers and programs to reduce teen pregnancy, with no requirement to reduce abortions. Parents won’t know what services their children will receive.
  4. Half of those on Medicare Advantage will lose this coverage thank to rate increases.
  5. Health care costs will rise thanks to $47 billion in new taxes on drug companies and medical device makers.
  6. Nearly two-thirds of doctors are considering abandoning any kind of government-sponsored health care insurance, stating that regulations are too high and reimbursement too low.
  7. By forcing States to accept federally-mandated health insurance, the Act violates States’ rights.
  8. Small businesses, the drivers of new job growth, will be especially penalized by $52 billion in new taxes and new IRS reporting requirements.
  9. Despite $500 billion in new taxes, Obamacare will increase the deficit by $500 billion over the next 10 years. (Source: Heritage Foundation, Impact of Obamacare)

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