ObamaCare? (From a post by Steve Fitzgerald )
This is clearly NOT my style, but the copied post below gave a concise, if not somewhat progressively slanted view of what is coming our way in the form of healthcare reform. One of the biggest challenges of dealing with legislation as large as the Affordable Care Act is that, in many areas, implementation will be dictated not by the legislators but by the bureaucrats, and that typically carries the largest threat to any aspect of our lives. If you doubt that, just look at the HIPAA law.
In spite of that, and in spite of the fact that numerous conservative states have already indicated that they have NO INTENTION of ever expanding Medicare, there are a large number of attributes included in this new legislation that should make life better for millions of Americans and potentially worse for business owners.
Originally posted on Reddit by CaspianX2, this is a good, simple breakdown of the Patient Protection and Affordable Care Act, a.k.a. ObamaCare, for anyone who isn’t already up to speed or wants a simple overview. Also on Reddit at http://www.reddit.com/tb/vbkfm.
Okay, explained like you’re a five year-old (well, okay, maybe a bit older), without too much oversimplification, and (hopefully) without sounding too biased:
What people call “Obamacare” is actually the Patient Protection and Affordable Care Act. However, people were calling it “Obamacare” before everyone even hammered out what it would be. It’s a term mostly used by people who don’t like the PPACA, and it’s become popularized in part because PPACA is a really long and awkward name, even when you turn it into an acronym like that.
Anyway, the PPACA made a bunch of new rules regarding health care, with the purpose of making health care more affordable for everyone. Opponents of the PPACA, on the other hand, feel that the rules it makes take away too many freedoms and force people (both individuals and businesses) to do things they shouldn’t have to.
So what does it do? Well, here is everything, in the order of when it goes into effect (because some of it happens later than other parts of it):
Already in effect:
This is when a lot of the really big changes happen.