Affordable Care Act Page 2 of 25
ABSTRACTThe Affordable Care Act, AKA “Obamacare”
The Affordable Care Act (ACA) passed in March 2010 in March 2010 at the insistence of then President Barak Obama and Democrat-controlled House Speaker Nancy Pelosi has promised Americans a reduction in healthcare costs along with increased coverage for millionsand a decreased set of limitations and restrictions. This research paper summarizes the major provisions of the new 1900-plus page law and addresses some important issues raised by whatnow appears to be a majority of Americans concerning its constitutionality, empty promises, private citizen/employer mandates, and what may be increased taxes and elevated healthcarecosts. At best, many view the legislation as a foundered attempt at ‘insurance reform’ rather thanan earnest effort to address the real issues that are driving the spiraling cost of medical care. Inthe context of business, this law is anything but ‘business-as-usual’ and may actually result in asignificant addition to U.S. deficit spending, loss of jobs, and a decrease in medical coverage for many already covered by ‘satisfactory’ health insurance. These concerns are coupled with thereal possibility of increased insurance costs for those already enrolled in employer-provided plans.This paper is intended to point to issues rather than provide succinct solutions. It is alsowritten as the author’s interpretation of publically-known facts and opinion’s of professionallegislators on all sides. As such, it does not represent the official position of the Administration,Faculty, or Staff of Athens State University.