Many times after the Affordable Care Act (ACA) was passed in 2010 President Obama had said “If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what.”
My guess is many of you have already found out that as of November 1, 2013 millions of our fellow Americans received cancellation notices. Or like our family on December 1, 2013 our health care insurance increased by $600 a month.
And if you happen to be getting health insurance through your employer you may lose it. In fact, the Congressional Budget Office predicts that some employers, faced with costly new regulations, will drop coverage altogether.
When it comes to filing your taxes, you will have to prove to the IRS that you have purchased qualified (key word) health insurance or pay a penalty.
We all have our favorite Doctor, Clinic, or Hospital. Well with ACA you may not be able to keep your Doctors or Hospitals. You might ask well why is that? It’s because the exchanges don’t cover you for top tier academic hospitals. Thanks, Congress.
One of the groups targeted by the ACA is our seniors. The cuts to Medicare as required by ACA, by design, are being used to help pay for ACA. In addition, our young adults are expected to sign up for ACA, in part to pay for it, even though they are healthy and may not want to have health insurance.