Affordable Care Act
Due to the affordable Care Act, the middle class will not have the finances to support the everyday cost of living in Indiana. Americans have a hard enough time surviving in the recovering economy. Now they have to deal with higher premiums and increased penalties if they do not sign up for the Affordable Care Act.
The full name for this law is the Patient Protection and Affordable Care Act. The law was passed two years ago and has had problems since its enactment (Impact). The Affordable Care Act was supported by all democratic lawmakers and President Obama. The Affordable Care Act is the biggest overhaul to the healthcare system in over forty years . The bill passed both the House of Representatives and the Senate on the weekend of December 24 and December 25 (Thomma).
The law was designed to provide health insurance to all uninsured Americans. The law requires all businesses to provide health insurance to all employees and for all uninsured Americans to seek health insurance (Thomma). The proposed law was supposed to lower premiums by $2500. The percentage of workers that enrolled in high premium health plans more than doubled when the Affordable Care Act was signed into law (Reed).
The Affordable Care Act was signed into law almost three years ago. The aftereffects are still being felt when the law has not even taken full effect as of now (Affordable). The federal government’s healthcare exchange site had problems even before it was set to be open to the public. It took weeks to get the issues resolved. The whole Affordable Care Act comes with a five billion dollar price tag. The goal was to cover three hundred and seventy five thousand uninsured Americans, now only forty five thousand have signed up (Reed n.pag).
According to a poll taken by the Kaiser Family Foundation, only fourteen percent of Americans have benefited from the Affordable Care Act. Over twenty percent have stated that they have been impacted in a negative way (Impact n.pag).
According to an article in the New York Time’s Magazine:
They are paid for through higher taxes or greater deficit spending. And these taxes are a dead weight on the economy that impede economic...