What is Obamacare?

Obamacare

Also known as the “OBAMACARE”, the Patient Protection and Affordable Care Act was signed by President Barack Obama in the year 2000, to help those in need of proper care and medical assistance. This aims to help those individuals to have affordable health plans by lowering the cost of such benefits.

Before this act, insurance companies tend to exclude people with preexisting conditions resulting in healthcare insurance being too costly out of reach for many individuals. These people couldn’t afford regular check-ups and medical care thus they would just end up in their hospital bedrooms unable to pay for their care and expenses.

OBAMACARE’s Goals

“OBAMACARE” primary goal is to slow down the rising cost of healthcare insurance by subsidizing the cost for those with the lowest incomes. This also requires everyone to have healthcare insurance or pay a tax penalty. This will help in lowering the cost for those individuals at the poverty level or somewhat higher. Making them able to acquire healthcare insurance for themselves and their families.

Another goal of the ACA (Affordable Care Act) is to protect consumers from the insurance companies’ strategies that may cost further problems on their future patient care cost and medical needs. Many American’s have benefitted from the ACA by receiving low-cost healthcare insurance for some may have low-paying jobs or non at all.

Pros and Cons

Like any other bylaws or care acts, OBAMACARE has its Pros and Cons

Pros:

• More Americans acquired Healthcare insurance
• Healthcare insurance was made available even to people with low-paying or no jobs
• Sick people cannot be denied healthcare coverage
• Prescription drugs are more affordable

Cons:

• Many people pay higher taxes to subsidize other insurances
• You have to pay a fine if you don’t have insurance
• Employers are cutting off employee hours to avoid employee coverage

But even with these disadvantages, Obamacare has helped thousands of individuals and families get the health insurance and health care they need.

Skyline Insurance cares for you!

With these conditions happening in our surroundings, we, at Skyline Insurance are ready and prepared to help you! With the help of our amazing and reliable insurance agents, we would like to extend our efforts in providing you with the best healthcare insurance option for you and your family members!

We are an independent insurance agency based in Utah and provide health insurance solutions to individuals, families, and businesses in Utah and the surrounding States!

Let Skyline Insurance help take the headache out of your health insurance.