cost of obamacare
Obamacare Facts: The Affordable Care Act by the Numbers
There are a lot of important Obamacare facts and numbers you can't afford to ignore.
Let's start with the enormity of U.S. President Barack Obama's signature healthcare bill. To date, some 2,572 pages of regulations have been written (more are expected).
More familiar numbers tied to Obamacare include 50 - the headcount at which companies must provide insurance or pay a fine ($2,000).
Now consumers have less than one month until the next round of Obamacare regulations kick in Oct. 1, with open enrollment in the online Health Insurance Marketplace (formerly called exchanges).
When looking into the facts and full impact of Obamacare, here are 15 of the most important numbers you need to know:Read More...
- How Obamacare Will Affect Medicare We know how Obamacare will (or could) affect a lot of our current healthcare options, but what about how Obamacare will affect Medicare? Read more... Read More...
Meet the Controversial "Bad Actor" Who Will be in Charge of Your Health Care
Amid a wash of government scandals, America is vulnerable right now. Actions taken by the IRS have left us feeling utterly degraded by the Obama administration.
And another Washington scandal we see brewing won't make Americans feel any more comfortable about the power granted in our nation's capital.
You see, there's an unelected official who is known as a bad actor, and she's about to be granted broad, undefined power over the people of this country.
The source of her power: Obamacare.
I'm talking about the U.S. Secretary of Health & Human Services, Kathleen Sebelius, who come 2014 could be in charge of your health care.Read More...
How Obamacare Navigators Will Waste Your Time and Tax Money
The insurance exchanges mandated by the 2009 health care law will be so utterly baffling that the U.S. Department of Health and Human Services now needs to hire of tens of thousands of "Obamacare navigators" - at a cost to taxpayers of $9 billion or more every year.
Anyone who uses the new exchanges will quickly find out why Obamacare navigators were deemed necessary.
The draft application form for an individual is already up to 15 pages, while the form for a family is at 21 pages. And the instruction book is 61 pages.
"It's a lot of information that consumers are going to have to provide, and that could deter people from signing up," Laura Adams, senior insurance analyst at InsuranceQuotes.com, told MarketWatch. "That could be an issue for some people who don't like paperwork. And who likes paperwork?"
The government estimates the form will take anywhere from 20 to 45 minutes to complete, but that doesn't count all the information and document-gathering an applicant will need to do before even walking in the door of an exchange.
"If you like IRS forms, you're going to love this one," Ken Hoagland, chairman of conservative advocacy group Restore America's Voice, told MarketWatch. "These are the kinds of things that are going to drive people crazy."Read More...
The Real Cost of Obamacare
Like it or not, in less than a year - January 2014 - the core of U.S. President Barack Obama's healthcare reform goes into effect - and recent data show the cost of Obamacare will be quite high.
The statistics are startling, seeing as the intent of Obamacare was to reduce overall medical costs in the country - one big reason government spending is running wild - by improving access to treatment for Americans. An additional 30 million Americans are expected to be covered under Obamacare.
But new reports estimate the new healthcare system could cost about $1.3 trillion over the next 10 years.
That means the original outcome - which President Obama said would be to "cut the cost of a typical family's premium by up to $2,500 a year" - is far from reality.
Here's a breakdown of what Obamacare will really cost you - and your job could be included.Read More...