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Obamacare First Draft

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Obamacare officially called the Affordable Care Act was signed into law in October of 2010 by President Barack Obama.
Obamacare came into effect with the goal of increasing the quality, availability and affordability of health insurance for all Americans.
Obamacare is paid for by new taxes on larger businesses and the health care industry. Americans will have the option to buy private insurance, obtain insurance through the workplace, or pay an income tax penalty to not have health insurance. This puts enough money into the healthcare system to help provide better quality and bring costs down for low to middle income individuals.
The Affordable Care Act increases the quality, accessibility and affordability of health insurance. In return most people, who can afford to get health insurance must get insurance by 2014 or pay a per month fee. The law eliminates pre-existing conditions, stops insurance companies from dropping you when you are sick, protects against gender discrimination, expands free preventative services and health benefits, makes larger employers insure employees, creates a place for Americans to buy subsidized insurance making it possible for Millions of individuals families and small businesses to get low cost health insurance, and decreases healthcare spending.
Obamacare doesn’t create health insurance; it regulates the health insurance industry and helps to increase the quality, affordability and availability of private insurance. Most people who have health insurance can keep it. Young adults can stay on their parents plan until they are twenty six. If you don’t have coverage you now have a new way to buy private insurance plan. If you don’t get coverage by April 1st of 2014 you must pay a per month fee on your federal income tax return for every month you are without insurance. The cost of your new health insurance

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