Obamacare Penalty: Is It Really Necessary

Better Essays
Kimberly Raglin
Professor Borum
English 101
October 30, 2017
The Obamacare Penalty:
Is It Really Necessary? The Obamacare Penalty is harsh and unreasonable to put upon the American people. We should not be fined for not providing our own medical coverage. My essay will explore exemptions from this law and discuss in more detail exactly why it should not be imposed on citizens.
Obamacare has interfered with the personal freedom of Americans and placed a hardship on all American’s financial futures. The millennials are going to be the ones that really suffer the most from the imposed Obamacare. It is scary enough just entering into the big world and facing everyday responsibilities and facing financial challenges without being forced to
…show more content…
Instead of cost decreases the Obamacare has caused major cost increases. One area the costs have continued to increase is in the Employer-Sponsored market. Family premiums for the employee-sponsored plans have rose almost 32 percent between 2010 and 2016. These statistics were provided by the Kaiser Family Foundation. In regards to the individual market, the new rules and regulations of Obamacare’s Penalties has caused a 99 percent increase in premiums for individuals and a 140 percent increase for families between 2013 and 2017. Deductibles have been effected too and keep rising. The average deductible for a bronze plan in 2017 is $6,092 for an individual and $12,383 for a family. The average silver plan deductible for an individual is $3,572 and $7,474 for a family. Overall Obamacare has caused major increases despite repeated promises of premium …show more content…
The Obama administration will work quickly to set up as many of the law’s new bureaucracies as fast as it can so they can take root before the election. There are many ways to be exempt from the Obamacare Penalty and some of the main ones are as follows:
• You qualify for a hardship exemption
• Your lack of insurance coverage was for three months or less
• Your religion objects to insurance
• You aren’t required to file a tax return because your income is too low
• You are incarcerated
• You are in the U.S. illegally
• You are part of a Native American tribe
It is nice to know there are some exceptions that can keep some citizens of the U.S. from being penalized. The hardship exemption will help a lot of people that suffered some type of misfortune and are as follows:
• Eviction or foreclosure in past six months
• Bankruptcy in the past six months
• Homeless
• Utility company sent you a shut-off notice
• Flood, fire or other disaster causing damage to a home
• Recent victim of domestic violence
• Ineligibility for Medicaid because state didn’t expand Medicaid
Health insurance was canceled for reasons other than nonpayment of premiums, and the plans offered in the marketplace are

Related Documents

  • Decent Essays

    As a result, there should be an expected increase in Personnel expenditures. Looking back at the budget table, it is shown that from Fiscal Year 2012 to Fiscal Year 2016, Personnel Costs have increased steadily. Specifically, from Fiscal Year 2012 to Fiscal Year 2016, Personnel expenditures are expected to increase by $45,000, going from expenditures of $4.27 million to expenditures of about $4.23 million. Within Personnel costs, Salaries are expected to increase 2.85% or $68,000 from Fiscal Year 2012 to Fiscal Year 2016. Meanwhile, Non-Personnel costs are expected to increase at a far greater rate from Fiscal Years 2012 to 2016.…

    • 1704 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Both, money supply and inflation - with reasonable rates, are the cornerstone for automotive industry’s growth and productivity and vice versa. The strength of the economy’s recovery has been seen in the number of job creation in the last three years. According to the Economic Report of the President “The pace of total job growth rose to 260,000 a month in 2014, up from 199,000 a month in 2013, as shown in Figure 1‑2. As recently as 2013, most forecasters expected that the unemployment rate would not fall to 5.6 percent until after 2017. The unemployment rate declined 1.1 percentage points during the 12 months of 2014, or almost an average of 0.1 percentage point a month, falling to 5.6 percent by year…

    • 1102 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Inventory Turnover Ratio

    • 938 Words
    • 4 Pages

    In the 2014 fiscal year, Sleep Country’s inventory turnover ratio was 11.10 times, while in the 2015 fiscal year it was 11.27 times. Achieving a higher inventory turnover means that Sleep Country is able to improve inventory management and foster sales. The higher inventory ratio is complemented with an increase in sales, as the cost of goods sold increased approximately 12.54% from 2014 to the 2015 fiscal year. Sleep Country reported that direct expenses from inventory increased from 44.9% to 46.1% as a result of increased provisions of warranty. In addition, write-offs of inventory that have become damaged increased from $760 in 2014 to $874 in the 2015 fiscal year.…

    • 938 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    In the mid-17th century at early of the Industrial Revolution the humans population increased by about 57% to 700 millions. In 1800 the humans population would reached 1 billion. There was a strong demographic increase a consequence of, the high birthrate and the decrease in catastrophic mortality because of the advances in medicines, and thanks to this humans, had a little longer life expectancy. Likewise as the population increased, so do the human needs, therefore also the use of natural and artificial resources as a consequence, resulting in over consumption of renewable and nonrenewable resources. According to Tomas M. Smith and Robert Leo Smith “During the past 10,000 years, the human race has managed to multiply by a factor of 1000 and at the same time dramatically increase the per capita use of resources” (539).…

    • 835 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    A project growth annually of 2.3 percent in the industry is estimated from 2010 to 2030. An increase in jobs by 33 percent will occur as well in the 20 year gap. The demand will increase within the tourism sectors will occur as well. The two sectors that increase the most are the transportation sector and the food & beverage services sector. Air transportation available jobs increase 42.4 percent making it the biggest increase in positions out of all the transportation sectors.…

    • 1066 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Average weekly earnings: The Full-Time Adult Average Weekly Total Earnings in May 2016 was $1,575.40, a rise of 1.9% from the same time last year (ABS). When average weekly earnings rise, it often means that people increase their buying. Real growth in GDP industrial…

    • 799 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Gross profit margin: This measures the ability of the company to control its production costs and earn a higher margin on the sale of its products. Basically, it is the company’s ability to translate sales dollars into profit. Starbucks Corp. increased its gross profit margin from 58.30% in 2014 to 60.07% in 2016, which means that for every product that the company sold it made about $0.60 on the dollar. The gross profit margins for the Dunkin’ Brand Group Inc. were higher consistently higher than those of Starbucks Corp. The industry gross profit margin was 32.38% in 2016 and both companies were above the…

    • 1129 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Skyworks Solutions (SWKS) delivered strong results for the fourth quarter. Skyworks delivered revenue of $880.8 million, beating the analyst estimates, and showing a growth of 23% from the previous year’s revenue of $718.2 million. The main reason behind the increased revenue is the rise in use of Skyworks products for the technology advancements within Media Services, Internet use, and Mobile connectivity. A closer look at the metrics Moving ahead, the Non-GAAP gross profit for the quarter went up to $440.1 million from $329.6 million for the fourth quarter, 2014. Further, the gross margin went up 50% from 45.9% for the previous year’s same quarter.…

    • 486 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    The Benefits Of Kuwaitis

    • 1127 Words
    • 5 Pages

    The prices of real estate were increasing for years. However, 2011 witnessed the highest increase in prices. Kuwait Financial House in their Local Real Estate Report (2011) said, “Prices of traded real estate investment increased by 33%”. Also, at this time Islamic banks where again allowed to trade in residential real estate, which highly impacted the real estate prices. The prices of real estate kept increasing until it reached it peak on the fourth quarter of 2015.…

    • 1127 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Privatization In Brazil

    • 1929 Words
    • 8 Pages

    One of those notable and effective changes was the privatization of many state-owned enterprises, including mining, steel, aeronautics, banking, energy production that happened in the 90’s and early 2000’s. This change alone was proving extremely effective until recently when continual interference in macroeconomic policies and the micromanagement of private industry has caused the misallocation of capital, and limited the growth which was once flourishing. One example of this is the effect of agricultural subsidies, which have doubled since 2011 and now total about $10 billion alone. If that weren’t enough in 2013, the federal government introduced an increase for electricity subsidies as…

    • 1929 Words
    • 8 Pages
    Decent Essays