When I turn on the television, I hear broadcasters and pundits talking about Obamacare which, in reality, does not exist.
Obamacare is a slang name given to the Affordable Health Care Act (AHCA) by Obama’s adversaries who are attempting to portray the law in a negative light.
The AHCA is a law enacted by President Barack Obama to address problems in health care insurance coverage.
In 2008, Barack Obama was elected the 44th president, in part, due to his campaign promise to increase health care insurance for millions of Americans who do not have it.
Although most Americans agree that our health care system is broken, the solution is very complicated and controversial.
However, President Obama created a solution, the AHCA, which will provide health insurance coverage to millions of Americans who need it.
The AHCA has many features that address the problems of the health insurance system in America.
A popular feature of AHCA is that insurance companies cannot drop customers’ coverage due to pre-existing conditions.
This is a disease or illness that a person had sometime in the past or currently still has.
Examples of pre-existing conditions are cancer, heart disease and mental disorders.
Since pre-existing conditions indicate a history of illness, the insurance company assumes the person may be risky to insure and is therefore expensive.
Before AHCA, insurance companies could solve this risk by merely dropping a customer’s coverage.
This was catastrophic to sick people and was a leading cause of bankruptcy. With the AHCA, people will not lose insurance when they get sick and need it the most.
Other popular parts of the law are that children can stay on their parents’ insurance plan until they turn 26 years old, and there are no more lifetime maximums which, once reached, insurance companies would discontinue customers’ coverages.
The AHCA has many alternatives to fix a major problem with health insurance; its affordability.
According to the White House, 30 million Americans do not have health insurance, mostly because medical insurance is very expensive.
However, the AHCA will give tax cuts to small businesses, making it more attractive to them to offer insurance to their employees.
The AHCA will also give tax credits to middle class families which will help offset the cost of health insurance.
The new law also creates insurance exchanges. These exchanges will be competitively priced organizations where people who do not have insurance through an employer can purchase insurance.
Small businesses will also be able to buy insurance through an exchange. So, how will this new law be paid for? The country has a huge deficit and cannot afford to increase its debt.
However, according to the Congressional Budget Office, with health insurance reform in place, the deficit should be lowered by $210 billion over 10 years.
This is possible because the law requires that every American who can afford insurance, buy insurance.
This is the most controversial part of the law since it mandates citizens to purchase health insurance.
Since Americans love freedom, we do not like being told to purchase something.
Nonetheless, the only way to afford universal coverage is to have everyone participate in it.
With mandated coverage, insurance companies would have a broad range of customers, including young healthly people who would offset the coverage of higher risk customers.
There is a penalty of about 2.5 percent of income to anyone who refuses coverage.
With AHCA, everyone will be paying their fair share.
Obama has made a significant change in insurance coverage with the passing of the AHCA.
It will bring relief to the millions of people without health insurance and is a law that Obama is very proud of.
Although his opponents use the term Obamacare in a derogatory way, Obama is honored by the term.
In August 2012, he told an audience “That’s right. I do care.”
But, to some, it comes with the high price of mandating coverage and penalizing those who do not comply.
As the years progress and the different parts of the law are enacted, Americans then can decide if the AHCA has increased the quality of life in America.