Who is the Affordable Care Act funded by?

The largest source of funding for the ACA was from Medicare. The combination of Medicare provider reimbursement reductions and the Medicare taxes provided Medicare with a temporary reprieve from its ominous financial position. This temporary reduction in the Medicare shortfall provided budget room to add new programs.

Do companies pay for Obamacare?

Employers must offer at least one plan that provides “minimum value” (pays at least 60% of the cost of covered services). Penalty amount: The lesser of: (1) $3,860 per full-time employee receiving a federal subsidy for coverage purchased on the Marketplace, or (2) $2,570 per full-time employee minus the first 30.

Why is Obamacare so expensive?

Obamacare is expensive for one reason – it ended underwriting; the ability to deny coverage to people with health conditions. Unless Congress is willing to allow underwriting, nothing they will do will reduce premiums in the short run and it won’t contain runaway health costs…

Is Obamacare really affordable?

Obamacare Is Not Making Healthcare More Affordable. Obamacare Is Not Making Healthcare More Affordable. Despite its name and despite some of the more grandiose claims by its supporters, the Affordable Care Act (ACA) is failing to make healthcare costs more affordable.

What are facts about Obamacare?

Facts About OBAMACARE. Obamacare is a national health care plan for reforming the health care system. Administered by the federal government, it is presented as an alternative to the private health insurance. The official name for Obamacare is The Patient Protection and Affordable Care Act.

Is Obamacare insurance any good?

Obamacare is very good coverage for people who have access to it and can afford it. It offers better coverage than any government healthcare program you can name in the world and does not require higher taxes. It allows patients to have some say over their plan and costs.