Did You Know?
The Congressional Budget Office estimates that Obamacare will produce a
$109 billion decrease in the federal deficit between 2013 and 2022. The Mercatus Center estimates that Obamacare will produce a $340-530 billion increase in the federal deficit between 2012 and 2021. Members of Congress and their personal staffs are
required to purchase their health insurance plans through the Obamacare health insurance exchanges.
Undocumented immigrants are not allowed to purchase health insurance through the Obamacare health insurance exchanges. Under Obamacare, insurance companies are prohibited from
denying coverage due to a pre-existing condition or rescinding coverage if an enrollee gets sick. Not a single Republican in the House or Senate
voted in favor of Obamacare at the time of its passage. The requirement to purchase health insurance, known as the individual health insurance mandate,
originated in 1989 at the conservative Heritage Foundation, and was included in Republican-sponsored health care bills in the 1990s. In 2016 the
penalty for not having health insurance is the larger of $695 or 2.5% of taxable income.
Exemptions from the mandatory health insurance requirement are granted for American Indians, extreme financial hardship, religious objections, people without insurance for less than three months, incarcerated individuals, and undocumented immigrants.
Obamacare restricts insurance companies' profits by requiring them to spend at least 80-85% of premium dollars on medical care. In 2014 approximately
10 million people gained health insurance through the Obamacare health insurance exchanges or Medicaid expansion, lowering the uninsured rate in the United States from 16% to 11%. Obamacare instituted
19 new taxes, penalties, fees and deduction eliminations, including a 10% excise tax on indoor tanning salons.
46% of physicians gave Obamacare a D or F grade, while 25% gave it an A or B grade, according to a 2014 survey by the Physicians Foundation. Obamacare requires health insurance plans to cover certain
free preventive care including immunizations, alcohol counseling, depression screening, cholesterol screening for adults, and preventive care for women including mammography, pap smears, and birth control.