Obamacare - The Pros and Cons
With the President Obama's health insurance plan now signed into law, it does not mean that the political struggle between Republicans and Democrats to stop.
Republicans state that in a free market system is free from government intervention (no need such regulation/subsidization).
Democrats argue persuasively and are full of confidence that in order to get out of economic crisis, are more important to help poor people uninsured to get cheap health insurance and to reduce the number of unemployed.
According to President Obama, small businesses that meet with the eligibility (the average annual wages for the companies should be under $ 50,000), tax credit allows businesses to hire more valuable employees, which could increase efficiency and profits, despite an insurance mandate that will affect small businesses over the next decade.
About four million small businesses could claim the tax credit between 2010 and 2013, as well as two years after they initially file for it.
After 2014, they will receive tax subsidies for up to 50% of their group health insurance expenses.
The bill offers an immediate tax credit to businesses with fewer than 25 employees.
Whose policy is right? In politics, truth is relative and assessment decisions will be determined by the American people in the year 2013 Presidential election.
There are several reasons that people are not insured: - They have pre-existing conditions which the insurance policy does not cover.
- They can not afford the health insurance (special programs).
- They chose not to have it even they are able and rich.
Since the Obamacare now has become law, then you can no longer say I still will not pay the insurance premiums.
- Every citizen of the US is now obliged to take out a health plan.
- If you do not take out insurance you will face fines.
- If you do not take out insurance and claim you cannot afford it, your accounts and savings will be investigated by the IRS.
So now is the time for all inhabitants of the United States to begin to pay attention to the health insurance plans.
Republicans state that in a free market system is free from government intervention (no need such regulation/subsidization).
Democrats argue persuasively and are full of confidence that in order to get out of economic crisis, are more important to help poor people uninsured to get cheap health insurance and to reduce the number of unemployed.
According to President Obama, small businesses that meet with the eligibility (the average annual wages for the companies should be under $ 50,000), tax credit allows businesses to hire more valuable employees, which could increase efficiency and profits, despite an insurance mandate that will affect small businesses over the next decade.
About four million small businesses could claim the tax credit between 2010 and 2013, as well as two years after they initially file for it.
After 2014, they will receive tax subsidies for up to 50% of their group health insurance expenses.
The bill offers an immediate tax credit to businesses with fewer than 25 employees.
Whose policy is right? In politics, truth is relative and assessment decisions will be determined by the American people in the year 2013 Presidential election.
There are several reasons that people are not insured: - They have pre-existing conditions which the insurance policy does not cover.
- They can not afford the health insurance (special programs).
- They chose not to have it even they are able and rich.
Since the Obamacare now has become law, then you can no longer say I still will not pay the insurance premiums.
- Every citizen of the US is now obliged to take out a health plan.
- If you do not take out insurance you will face fines.
- If you do not take out insurance and claim you cannot afford it, your accounts and savings will be investigated by the IRS.
So now is the time for all inhabitants of the United States to begin to pay attention to the health insurance plans.
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