OPINION — It is that time of the year again where open enrollment for healthcare is available. Many argue whether the Affordable Care Act is a law that they should support or have serious concerns about.
The ACA has been a positive experience for me thus far, but I still have my doubts and speculations like many others on this issue.
Regardless, the Affordable Care Act is a controversial law that will always have its pros and cons. So what are those pros and cons? Is this law beneficial or detrimental? Let’s look at the three top pros and cons of Obamacare and see where we stand.
The first pro of Obamacare is the cost and availability of the health insurance.
Many Americans without insurance will be able to have affordable coverage and everyone will be able to be covered whether it is through your job, an insurer or Medicare. Before the ACA, insurers were able to deny coverage based off of pre-existing health conditions, age, and gender. Unfortunately for insurers, they no longer can deny such coverage. This is great news for the people with low income and that need health coverage, but who covers most of the subsidies?
That’s right, working Americans also known as the middle-class. As we know, the government’s definition and other’s definition of middle-class is not the same. The middle-class is defined as everyone above the poorest 20% and below the wealthiest 20%, which is most of us right? It is believed that we (the middle-class) should be able to pay these high premiums in order to not just pay for our insurance but other’s insurance too.
The second debatable pro is the impact on businesses.
The Affordable Care Act now requires companies, with more than 59 full-time workers, to provide health insurance. This gives Americans another way to get affordable coverage. Sounds reasonable, but what about the impact on small businesses?
When looking into this I found the information to be upsetting, especially as a proud resident of Cedar City. Anyone can agree that Cedar City has amazing small businesses that we like to support. Unfortunately, these businesses are seeing the detriments of Obamacare. The costs of having to insure their employees forces some of these businesses to cut wages, hours, jobs, and possibly putting them out of business.
The last debatable pro is the impact on the federal deficit.
Whitehouse.gov states that the ACA reduces the deficit and will end up saving over $200 billion in 10 years. When looking into this, I found the cons to actually outweigh the pros on this matter. Budget.senate.gov estimates that Obamacare increases the budget deficit by $131 billion in the next 10 years with additional costs such as coverage provisions and labor market effects of the legislation, resulting in a net deficit impact of $311 billion. Why risk the United States falling into more debt?
When reviewing the pros and cons of Obamacare such as cost and availability, impact on businesses, and the impact on federal deficit, I begin to question how beneficial the Affordable Care Act really is.
I at first believed it was a great law that impacted me in a positive way but I now see the negative impacts and how the cons seem to outweigh the pros. Maybe it is time to annul Obamacare and find another solution to healthcare?
Submitted by, Shatee Scott of Cedar City
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