| Zekkyou said: I pay £0/month since i live in the UK (wooo NHS) :P Can someone explain to me obamacare? I hear the term thrown around a lot but i don't really understand what it is. |
Up until the 1950s, Americans used a fee-for-service model. But by 1958 75% of Americans had Health Coverage, mostly through employers. Obamacare, or the ACA as I call it because I hate that name, makes it illegal for individuals earning McDonalds wages (and above) to live without purchasing Health Coverage. The ACA also makes it illegal for employers to hire full time employees without giving them Health Coverage. The ACA also expands government Health Coverage (Medicaid) to cover people without jobs. Half of our state governments have rejected this expansion causing our central government to withhold all Medicaid funds from rejectionist states. The ACA is supposed to make Health Coverage offer certain services that were denied to ppl who had expensive needs however, because of the language in the ACA, services can still be denied.
In short: a healthy single adult who makes more than $15,000 a year will have to release 2.9 - 9.5% of his income a year on Health Coverage.
