Obamacare: Debunking Myths and Misconceptions
How to be an informed citizen when dealing with Obamacare
With the new Affordable Care Act, known more commonly as Obamacare, in place, there have been rumors flying around about just what it entails and what it means, both for businesses and for individuals. Because the US has never had health insurance laws like this, a lot of the myths are negative ones designed to make the Obamacare look undesirable. For instance:
All businesses must provide their employees with health insurance
Under the new law, there is a provision for businesses offering their employees insurance. Large businesses will have a tax penalty incurred if they don’t do so, however businesses with less than fifty employees are exempt from this provision, meaning that they are not required to provide a plan at all if they don’t want to. Because a vast majority of US businesses employ fewer than fifty people, they don’t have to worry about complying.
The government is providing insurance
While it’s true that the online exchanges that people will be going to are run by the government, and some of the plans will be through state or federal government, there are also many plans that are provided by third party companies that you can opt into. You are not required to buy insurance from the government and will not be forced to.
You have to get your health insurance through the exchanges
This is absolutely not true. While the act does put a penalty on individuals who aren’t covered, you don’t have to buy your insurance through the exchanges. You can still buy your insurance the old fashioned way, and if you’re already insured or are on the Medicare or Medicaid program, then you’re covered. Those who are covered don’t have to go back and buy more insurance.
Obamacare is going to raise health insurance premiums
The Affordable Care Act has very little to do with the price of health insurance. In fact, many provisions of it were put into place in order to help lower income individuals and families out with the cost of health insurance so that they don’t have to pay the full sum. The amount you pay for health insurance is affected by your own situation, such as how much you make and where you live. Those who are just above the threshold for income-based help programs will likely feel the pinch on premiums, but it will be nothing they wouldn’t have experienced if they had gotten insurance without Obamacare.
If you want to be an informed citizen, always be sure to do your research. Even if you are already insured and don’t need to worry about anything to do with the Affordable Care Act, it’s best to form your own opinions after finding out the truth rather than let people scare you into believing falsehoods.