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Economic Impact of Obamacare
Over the past 20 years or so, America’s health care system has been in need of change
because of increased health issues among Americans. However, these are not the kind of changes
required to be enacted under the health care law because of America’s economy. The Patient
Protection and Affordable Care Act “The Obamacare” has been praised to be one of the most
considerable pieces of social legislation. Since the late 1960’s, the health care system of America
have been having more than a few issues such as employment. However, the Obamacare is one
of the polarizing issues in the current history. Debate over Obamacare has been one of the
serious issues discussed in the modern healthcare system in America. Based on research, it is
clear that there are those in support of the Obamacare while others are not. In general,
Obamacare asserts federal power or control over health care financing and benefits. Also, the
Obamacare centralizes America’s healthcare choices in Washington and other few states in
America. This paper will review Obamacare and its effect on the economy and also discuss the
substitutes that would get America’s financial system progressing.
Since the Obamacare was enacted everyone in America had a different opinion based on
the law. Clearly, a huge number of Americans harbored negative views about health law than the
ones supporting it. The main concern was how the Affordable Care Act was to affect the

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financials system. When the Affordable Care Act was being debated, people expected to see the
pandemic of unsteadiness. The law was criticized for its many benefits to the healthcare system.
The current administration of America argued that the law would improve the health care system
of America by eliminating health issues through cutting of healthcare costs. In general, the
Obamacare was expected to reduce figure of the uninsured people. However, according to
healthcare research carried out, it was evident that approximately seven million people lost their
coverage and approximately have gained health insurance as a result of the Obamacare. This is
an impact that will gradually develop and more questions will be directed to the new law
(Haveman, Jon and Micah 123).
It is clear that America is among the few states affected by several things. Obamacare is
one of the major factors that affect the financial system of the state. Obama care states that
employers with approximately 50 or more worker that work 30 hours should be covered by a
permitted health insurance policy. This means that people who own businesses will have an
additional cost as a result of Obamacare. This means that a good number of these employers will
have difficulties in bearing the costs. Also, most employers will reduce the number of hours
worked by their employees in order to avoid the Obamacare rule. In addition, most employees
will lose their jobs because the employers cannot manage their needs. Conversely, companies
will also be forced to increase the price of their products in order to meet the demands of their
employees. Therefore, it is clear that the Obamacare will cause uncertainty among business
owners, a factor that can badly affect businesses (Haveman, Jon and Micah 232).
Assumptions made by a Congressional Budget Office (CBO) states that the Obamacare
will result to two million fewer employees. In general, approximately 2 million Americans will
stop working, stop looking for jobs, or reduce their working hours as a result of the health care

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act. The Office of the President defended the act arguing that it will assist health care for
children, retire people early and aid them start their own business without any issues on their
health coverage. Based on research, today that health law is assisting labor markets, assisting
jobs, and assisting businesses. Republicans on the other hand argued that the law will destroy
American workforce. This will make most Americans to look for private jobs as a result of
taxpayer contributions. Apparently, it is clear that the Obamacare is having a tremendously
negative impact on the financial system. The CBO forecasts that the financial system a
comparable of 2 million fewer employees by the year 2017 (Jon n.p).
Obamacare impact on jobs has been the main subject in Washington. The argument was
that the health care act will reduce the number of jobs in America by the year 2017. Report from
the CBO stated that lack of jobs or quitting of jobs will affect the economy of Americans. Also,
looking at the law in other perspectives, it is evident companies will ensure that they try all they
can to manage employees. The Affordable Care Act will be expensive to the poor especially the
uninsured once since they will be forced to attend private health care system. This will reduce
the living standards of people since life would be very much expensive. The Obamacare will
force the seniors to face challenges since they would not be in a position to access doctors,
insurance plans, and treatment options. It is evident that most seniors in America rely on
Medicare advantage. Therefore, the Obamacare impacts the Medicare they receive because most
will be in a position to manage the coverage they have. In general, it is clear those new taxes on
medical device makers, drug companies, and reporting needs and regulations imposed on
physicians will affect the access of healthcare and services since it would be difficult and costly
for seniors under the Affordable Care Act (Newsmax Wire n.p).

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Name Instructors Name Course Date Economic Impact of ObamacareOver the past 20 years or so, Americas health care system has been in need of change because of increased health issues among Americans. However, these are not the kind of changes required to be enacted under the health care law because of Americas economy. The Patient Protection and Affordable Care Act The Obamacare has been praised to be one of the most considerable pieces of social legislation. Since the late 1960s, the health care system of America have been having more than a few issues such as employment. However, the Obamacare is one of the polarizing issues in the current history. Debate over Obamacare has been one of the serious issues discussed in the modern healthcare system in America. Based on research, it is clear that there are those in support of the Obamacare while others are not. In general, Obamacare asserts federal power or control over health care financing and benefits. Also, the Obamacare centralizes Americas healthcare choices in Washington and other few states in America. This paper will review Obamacare and its effect on the economy and also discuss the substitutes that would get Americas financial system progressing. Since the Obamacare was enacted everyone in America had a different opinion based on the law. Clearly, a huge number of Americans harbored negative views about health law than the ones supporting it. The main concern was how the Affordable C ...
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