Many People Have to Pay Higher Premiums
Insurance companies now provide a wider range of benefits and cover people with pre-existing conditions. This has caused premiums to rise for a lot of people who already had health insurance.
You Can Be Fined if You Dont Have Insurance
The goal of Obamacare is for people to be insured year round. If youre uninsured and dont obtain an exemption, you must pay a modest fine. The fine is expected to increase over time. Some people think its intrusive for the government to require health insurance. ACA supporters argue that not having insurance passes your healthcare costs on to everyone else.
Taxes Are Going up as a Result of the ACA
Several new taxes were created to help pay for the ACA, including taxes on medical device and pharmaceutical sales. Additional taxes were also created for people with high incomes. Funding also comes from savings in Medicare payments.
The wealthy are helping to subsidize insurance for the poor. Some economists, however, predict that in the long term, the ACA will help reduce the deficit and may eventually have a positive impact on the budget.
Enrolling Can Be Complicated
The ACA website had a lot of technical problems when it was first launched. This made it difficult for people to enroll and led to delays and lower-than-expected signups. The website problems were eventually fixed, but many consumers have complained that signing up for the right family and business coverage can be tricky.
Many hospitals and public health agencies have set up programs to help guide consumers and business owners through the setup process. The ACA website also has sections devoted to explaining the procedures and available options.
Businesses Are Cutting Employee Hours to Avoid Covering Employees
Opponents of Obamacare claimed the legislation would destroy jobs. The number of full-time jobs has gone up in recent years, but there are still reports of businesses cutting hours from employee schedules. Business with 50 or more full-time employees must offer insurance or make payments to cover healthcare expenses for employees. By reducing hours, businesses are able to get by the 30-hour-per-week definition of a full-time employee.
The ACA is subject to changes every year. The legislation can be amended, and budget decisions can affect how it is implemented. Changes in the healthcare field, along with changes to the political makeup of future presidential administrations and Congress make it likely that the ACA will be tinkered with for years to come.