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Cons. Outlook. Some pros of Obamacare include more affordable health insurance and coverage for preexisting health conditions, while some cons include people having to pay higher premiums. The ...
This varies depending on the type of plan -- HMO, POS, EPO, or PPO. What you pay: Premium: An HDHP generally has a lower premium compared to other plans. Deductible: The deductible is at least ...
A flexible spending account (FSA) is an account that allows you to save pre-tax dollars and use them toward your medical and dependent care expenses. Many employers offer FSAs as a benefit. You ...
The Affordable Care Act ( ACA ), formally known as the Patient Protection and Affordable Care Act ( PPACA) and colloquially as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
2. Lower cost. Doctors and therapists can be expensive, even for people with good health insurance. Telemedicine appointments typically cost less than in-person visits do. This reduces out-of ...
On November 7, 2009, the House passed their version of a health insurance reform bill, the Affordable Health Care for America Act, 220–215, but this did not become law. On December 24, 2009, the Senate passed the Patient Protection and Affordable Care Act. President Obama signed this into law in March 2010.
The Centers for Medicare and Medicaid (CMS) reported that U.S. health care costs rose 5.8% to reach $3.2 trillion in 2015, or $9,990 per person. As measured by CMS, the share of the U.S. economy devoted to health care spending was 17.8% GDP in 2015, up from 17.4% in 2014.
He said the law requires health insurance for everybody, encourages preventative care, allows children to stay on their parents’ insurance plans until age 26, and delivers insurance for people ...