Obamacare for the most part. The third

Obamacare is an informal term for the federal law, the Patient Protection and Affordable Care Act of 2010, intended to improve the access to health insurance for citizens of the United States. It is named Obamacare after President Obama, who defended and pushed for this healthcare reform. Most individuals think that it has only had an impact on health insurance, but it also has had an impact on overall health care itself. The most important part of this act is that it requires that every person must have health insurance for at least nine months out of a year to be subjected to tax. Obamacare has provided health insurance to those who otherwise wouldn’t have it. Obamacare has had a great impact and is something that should be kept instead of being eliminated. This however, does not go to say that it couldn’t benefit from some slight changes.           To this day, Obamacare continues to evolve in many ways. With the election of Donald Trump in late 2016, huge changes to this program are expected. As of now, there are only three modifications being made to alter Obamacare. The first change is that maximum Obamacare penalties will rise slightly for high-income taxpayers. Americans are required to have healthcare coverage or else they will face a penalty. The penalties will rise for some, but won’t be as high as they were in previous years. In practical terms, most people will face penalties of $695 per adult and $347.50 per child, and the family maximum will remain at $2,085. The alternative calculation will remain at 2.5% and it will be required to pay whichever amount is larger. The most expected to rise from anywhere from $100 to $13,100 in 2017, which will lead to a slight rise for high-income taxpayers who don’t have health coverage. The second change is that Obamacare premiums will rise for those not getting subsidies. Average premiums for the second cheapest silver plans in states across the country will rise at a faster rate in 2017 than in previous years. However, those who receive premium tax credits to subsidize their coverage will not experience any increases in their out-of-pocket costs for the most part. The third change is that some new rules could help Obamacare participates. New rules will require insurance companies to provide 30-day notices before network providers are taken out of any coverages. Another rule will standardize out-of-pocket costs in order to make it easier to compare different types of coverages. It will require straightforward prices, which will make it easier for individuals to obtain basic care. Other considerations could create much bigger changes to Obamacare.         It is clear that Americans are unhappy with Obamacare. It has been said that republicans should use this opportunity to communicate better health outcomes. President Trump has recently presented five principles for Obamacare replacement plans to congress. The first principle ensures people with pre-existing health conditions are guaranteed health insurance. The second principle gives people who buy their own health coverage tax credits and expanded health saving accounts to help pay for their coverage. The third principle, gives states the resources and flexibility in Medicaid programs to ensure that everyone is included. The fourth principle presents legal reforms to protect doctors and patients from any unnecessary costs, and to bring down the price of high-cost drugs. The last principle creates a national insurance marketplace that allows insurers to sell healthcare. There is no way to tell if these principles will actually work better than the original Affordable Healthcare Act. Only time will be able to tell if Trump’s plan will be successful or not.            There are many pleas to why Obamacare should be abolished. One problem that was pointed out was that Obamacare creates 18 separate tax increases, fees, and penalties. The next is that millions of Americans have lost, or will lose their coverage because of Obamacare. The last is that Obamacare creates $1.8 trillion in new healthcare spending and uses cuts to Medicare spending to help pay for some of it. It is also said that the law’s exchanges subsidies and Medicaid expansion will cost more than $1.8 trillion over the next decade. However, I believe that there are advantages that make Obamacare worth it. The biggest benefit is that it overall lowers healthcare costs. It does this by insuring millions and making important healthcare free. This ACA requires all insurance plans to cover the 10 essential health benefits. This includes treatment for mental health, addiction, and chronic diseases. Another positive point is that insurance companies can no longer deny anyone coverage for pre-existing conditions. The last is that it will lower the budget deficit by $143 billion by 2022. The pros outweigh the cons by a long run.Obamacare was passed in 2010, and it isn’t something that should be eliminated. It isn’t known for sure if Trump’s plan will be more beneficial than Obamacare has been. If slight changes were made, the main purpose of this act would remain. The elimination of the act would leave millions without healthcare, and that could cause trouble. Obamacare has been beneficial for years, and could continue to be successful for years to come.