The Affordable care act was a sweeping healthcare reform law that was enacted with zero bipartisan support in March of 2010. Obama care is the largest overhaul of the US healthcare industry since 1966 when medicare was established by President Lyndon Johnson. The goal of Obama care is to ensure that all Americans are insured and that those with pre-existing conditions will not be denied coverage. While the premises of this law is one that should be encouraged and supported to protect the uninsured and the sick, Obama-care is also an overwhelming tax and regulation burden on the economy. Obama care forces all businesses to provide employees who work more than 30 hours a week with healthcare, however, the law does not prevent them from cutting hours to 29 or taking the small tax increase if they don't comply. The bill also includes a mandate for all Americans to purchase health insurance or they will face a tax increase. AS much as 40 million Americans currently use flexible spending accounts for their healthcare expenses and are able to do so on an unlimited tax free basis. Obama care will place a limit on those contributions to just $2,500 which is below the healthcare spending of the average american family. Because the law requires insurers to provide more and sometimes not needed benefits, The congressional budget office says that premiums on working families will go up by 5.7% next year. Obama care hits wealthier individuals even more and will most likely discourage them to invest in america. Under Obama care dividend tax will increase from 15% today to 43% next year for high income earners. The federal government wants to ensure that all Americans have health insurance but but limiting competition and raising premiums it does just the opposite while passing the cost on to working families around the country.
http://www.washingtonpost.com/blogs/wonkblog/wp/2012/10/04/how-obamacare-affects-health-plan-premiums/
http://www.atr.org/five-worst-obamacare-taxes-coming-a7217.
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