Trump wanted a “very big tax cut, but [he] cannot do that until he keeps his promise to repeal and replace the disaster known as ‘Obamacare’”. During his campaign, Donald Trump promised us many things, including abolishing Obamacare. However, last week, the promise fell short and Trump was not able to put an end to Obamacare.
Before we go deeper into what this could have meant for America, we should review some basics. First, what is healthcare? Healthcare is the maintenance and improvement of physical and mental health, especially through the provision of medical services. In other words, healthcare is your way of receiving treatment from your doctor to stay healthy and fit. Second, what is Obamacare? Obamacare is a federal law intended to improve access to health insurance for US citizens.
However, what is the problem with Obamacare? Firstly, it is important to know that Obamacare only concerns those people who get individual coverage on the exchanges but do not qualify for subsidies (money granted by the government to assist and industry or business so that the price of that service/ commodity remains low). According to the government, that is less than 2 million people, or about one percent of the American population. This means that Obamacare is not helping the majority of the American population and is useless.
On the other hand, why do people like Obamacare? How is Obamacare effective? Even though Obamacare only concerns a slight bit of the American Population it assures insurance protections for Americans, limits payouts, and delivers reforms that help produce slow cost growth in half a century.
Roughly, 28 million Americans are uninsured and although this number went down from the number 41.3 million in 2013 it still raises a lot of concern. Prior to the issuing of Obamacare, Americans could in many cases by denied coverage from a new insurer if they had a pre-existing condition. But the problem is keeping coverage for people with pre-existing condition while repealing Obamacare. Overall, it is expected that if the pre- existing conditions provision is repealed, 52 million Americans could be at risk for being denied insurance coverage in the future. The irony in this is that the states with the most pre-existing condition holders all voted for Trump.
In the future if, Obamacare burns up there could be a large impact on America’s federal budget. According to President Trump, repealing Obamacare would have saved federal government money. Luckily for us that is not quite true because the Affordable Care Act does not just spend millions of dollars but it raises revenue through taxes and implanted certain policies designed to keep costs in check. Basically, getting rid of the law would also get rid of the revenue it produces.Loading Likes...