Monday, May 17, 2010

Obama Care

How Obama's Health Care Reform will Affect Americans

According to the Kaiser Family Foundation, millions of low-income families will be getting health insurance without a fight, some for the first time. While this may greatly benefit the low-income portion of the economy, it will take away from the high-income families substantially, as they will be facing higher taxes to help pay for the lower income Americans.

How the Health Care Reform will Affect the Middle Class


Some who are already struggling to make ends meet, will be forced to pay specific health insurance costs, or they may face serious penalties. According to Kaiser Family Foundation, the American middle- class will be the worse off under this health care reform, as they will be mandated to pay for health insurance coverage, as they struggle to pay for their basic living expenses such as; food, childcare and housing.

According to Miranda, a journalist with Financial Highway, those families earning more than $250,000 a year or individuals earning $200,000 a year, will go from a 1.45% Medicare tax to 2.35%. However, the biggest change to the United States will cause families to be forced to pay for health insurance plans, as it will no longer be a choice. Many individuals have lived without health insurance, as they could not afford the cost. However, the cost will no longer be an option, for Americans will be taxed.

Health Care Reform Debate in the United States

The United States health care system has been a major political debate for years. According to Wikipedia stats, the United States holds the highest healthcare costs versus the size of the economy in the world. With 30 million citizens, about 10% lives without healthcare coverage. The debate has revolved around how to safely get our health care system under control.

The middle class is defined as those with incomes that range from $44,000 to $88,000 for a family of four. It’s expected that both middle and upper-middle class families may face extremely high premiums in attempt to collect hundreds of billions of dollars in taxes. This is all aimed to help pay for the uninsured medium to lower income bracket. This also requires everyone to have the best insurance plans available.

Is Obama Care worth it? Probably not considering that health care has already seen the highest inflation rate in history. In 2012 insurance cost for middle class Americans will be so high that a choice of not having food or living in there current homes will come into play. Think about it.

2 comments:

  1. Obama Care is just another straw on the camels back. Health Care has declined more and more each time the government gets involved.

    "As recently as the 1960s, low-cost health insurance was available to virtually everyone in America - including people with existing medical problems. Doctors made house calls. A hospital stay cost only a few days' pay. Charity hospitals were available to take care of families who could not afford to pay for healthcare." -To quote from the Libertarian Party Website

    For Example on the Federal Level Medicaid, Social Security (disability payments), MediCare, or the Republican Part D Prescription Drug Plan...

    However the problem is not just the Federal level that is hurting Health Care. Each state regulates insurance mandates differently, each state supports or supercedes social programs that hurt health care causing increases and more mandates that the insurance companies then have no choice but to increase rates or go out of business.

    I agree Obama Care will eventually hurt America just like Medicaid and MediCare however until changes are made to reduce government involvment at all levels the problem will remain.

    Bashing one program without going to the source of the problem will never solve the issue.

    JRB

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  2. You are correct to a point, however "bashing one program" that is not the correct program, a program that will do more harm then good, is what needs to be brought to the attention of the people. The message is simple. Stand up and voice to your government that this is wrong, and we want no part of socialism.

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