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Higher income taxpayers, as well as taxpayers with sources of income that are defined as net investment income in the statute, pay an additional 3.8% tax to offset the costs of the Affordable Care Act. [9] This tax first took effect in 2013.
And let me tell you, if we don't do it, the Democrats will. If the Democrats do it, it will be socialized medicine; it'll be government-managed care. It'll be what's known as Hillarycare or Barack Obamacare, or whatever you want to call it." [364] By mid-2012, Obamacare had become the colloquial term used both by supporters and opponents. [363]
[82] [88] The law also provides for a 5% "income disregard", making the effective income eligibility limit 138% of the poverty line. [89] States may choose to increase the income eligibility limit beyond this minimum requirement. [89] As written, the ACA withheld all Medicaid funding from states declining to participate in the expansion.
The amendments authorized the taxation of Social Security recipients over a certain income level and increased tax ... as Obamacare. The president signed the legislation into law on March 23, 2010 ...
Explaining Obamacare: It tries to make private insurance accessible to more people. It is especially focused on helping those who were underinsured.
Big changes are in store for consumers who are planning to purchase an Obamacare (officially the Affordable Care Act, or ACA) plan in 2018.
Obamacare maintained the concept of health insurance exchanges as a key component of health care. President Obama stated that it should be "a market where Americans can one-stop shop for a health care plan, compare benefits and prices, and choose the plan that's best for them, in the same way that Members of Congress and their families can.
Flickr/Carl Lovén By Mandi Woodruff We're months away from cutting the ribbon on the new online marketplace for health insurance, but the vast majority of uninsured Americans -- the very people ...
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