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The wrongs of Obama Care - Research Paper Example

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The Wrongs of Obama Care First and Last Name Name of Institution Date The Wrongs of Obama Care 1.0 Introduction In a recent news report by Samuelson, the Internal Revenue Service issued a notice that explained the difference between full and part time workers with reference to the Patient Protection and Affordable Care Act (PPACA), or otherwise known as the Obama Care, where such distinction is of particular importance as the Act demands employers to offer health insurance on the employment of their 50 or more full-time workers.1 Most Americans perceive that such act would not benefit both the employees and the companies, but it will only weaken the country’s employment rate and the economy…
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Download file to see previous pages es to develop as they tend to have a lesser margin of profit and does not have extra costs compared to large businesses.4 Under these conditions, it can be implied that such act as the Obamacare could only generate a negative impact towards the health care system and it even makes erroneous government programs towards the workers employed in small businesses that do not support health insurance. Similarly, Nina Bernstein of the New York Times reported that the Affordable Care Act establishes state exchanges in reducing the cost of commercial health insurance, however, it needs a proof of citizenship or legal immigration status by the immigrants in order to “take part and apply for Medicaid benefits” provided under the law.5 This essay seeks to discuss and analyze the essential components characterized by the Patient Protection and Affordable Care Act (PPACA), or Obamacare as recognized by most people. These features include funding, regulation, taxing, and individual mandate, wherein President Obama himself considers such legislation to be favorable and beneficial to the US economy. 2.0 Funding In one of the latest news concerning Obamacare, John Fund reported that the plan to cut $200 billion from Medicare Advantage and use the money in subsidizing the coverage of expansion to millions of Americans uninsured in the government’s program for the poor, or Medicaid is one of the misleading falsehood or deceptions of Obamacare, wherein such deception remains to be concealed as the US presidential election is fast approaching.6 Accordingly, the administration also plans to direct an approximately $8.3 billion to the Medicare Advantage, which according to the news, is sufficient to compensate about 71 percent of the cuts intended for the program this year and until 2014. However, California Representative, Darrell Issa says that the attempt to direct $8.3 billion into the Medicare Advantage is the primary reason to hide the possible trouble of having a $200-billion cut, and the so-called “demonstration project,” as Representative Issa noted, is a “political fiction” that can be used in buying the votes of the electorate in this year’s upcoming election.7 Unfortunately, the probabilities of implementing Obamacare and be legally enforced into the health care system will eventually compel the seniors to retract to the traditional system of Medicare at an expense greater than the current one, and in the long run, this could spur doubts on President Obama’s statement that under such law, anyone who supports his program on health insurance are capable of sustaining it.8 As provided under section 1311-1313 of the Act,9 ...Download file to see next pagesRead More
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