There is a great deal that I DO NOT agree with in regards to our current President – Nevertheless, I will run across small snippets of things that he does “behind the scenes” and it is at “these moments”… my vantage point widens….. Hearing him talk about REAL LIFE things – encouraged me –
A big change in America’s health care system is coming at the beginning of next year.
The Affordable Care Act, also known as Obamacare, will go into full effect in 2014, giving millions of uninsured Americans access to health care.
However, there are still misconceptions about the law.
In today’s Just Explain It, we’ll tell you five things you might not know about Obamacare.
Number one… Contrary to what 42 percent of Americans think, Obamacare really is happening. In fact, people can start signing up for state-run health insurance on October 1st. That’s when states and the federal government will open marketplaces, called exchanges, to offer subsidized benefits to the nation’s 50 million uninsured.
Number two… Another survey found that a majority of Americans think the law cuts Medicare benefits and covers undocumented immigrants. It doesn’t.
Actually, the government expects the average Medicare recipient to save approximately $35,000 over the next ten years.
Number three… Tax credits. Next year, health insurance for eligible individuals or families will be subsidized.
For example, someone making just under $23,000 a year wouldn’t have to spend more than 6.3 percent of their annual income on health insurance. Based on a $3,030 plan, their contribution would be $1,450. Under Obamacare, they’d receive a tax credit of $1,580 to put towards their coverage.
Number four… The 80/20 rule. Insurers are now required to spend at least 80 percent of premium dollars on providing healthcare. The other 20 percent can be used on overhead expenses like excessive administrative costs and profits. In 2012, this provision saved Americans over two billion dollars.
If insurers don’t comply, they’re required to provide customers with a rebate. In 2011, over 13 million consumers received $1.1 billion in rebates – that’s around $150 per customer.
And finally… taxes. No matter what you’ve heard, your health benefits under Obamacare will not be taxed. The law does require that employers report the value of your annual coverage on your W-2, but the government says that’s just for workers’ information.
In the end, the Affordable Care Act is incredibly complex piece of legislation I AM SURE THAT THE PRESIDENT AND OTHER HIGH POWERED POLITICIANS WILL NOT HAVE OBAMACARE.
It enacts sweeping reforms that involve every state and millions of Americans. Do you think it will work for you? … Siggghhhh and Blaahhh
Owuor told the Kenyan news outlet her sons’ names will always remind her of the election in the United States.
Residents of Kogelo emphatically celebrated Obama’s victory as results from the United States were reported.
Shouts of “Hail our Kogelo son” and “Obama is coming, open the road for him” rang through the air as locals blew vuvuzelas horns in celebration, the Standard reports.
“If Obama did not win, I believe most projects here would stall,” Joseph Onyango told the Kenyan media outlet.
Kenyans hope Obama’s reelection will harken a fresh start with U.S. relationships with Kenya, Reuters reports.
Obama visited sub-Saharan Africa just once during his first four years – a stop of less than a day in Ghana, according to Reuters.
If Obama does visit Kenya, maybe baby Barack can meet his namesake, and baby Mitt meet the U.S. President.
What are you trying to say? That people who are voting for President Obama do not work? Hmm…….
Mitt, you are acting and talking like Vice President Joe Biden now…… Saying ANYTHING and it is coming from out of your neck!!! UGGHH I am not a huge President Obama Supporter – HOWEVER – this is a very SLY comment Mitt! It is so nice for you to show your REAL COLORS!
Cannot wait until this 2012 Presidential Election is OVER….. Praying God will allow the right person in office – whomever that may be.
Remember these five simple rules to be happy:
1. Free your heart from hatred 2. Free your mind from worries
3. Live simply 4. Give more 5. Expect less
Oh yeah…… I LOVE my mommy!!! She is ummmmm 72/ 73 years soooo young! LOL She indeed ROCKS…I am so blessed to have been raised by her and thank God she is STILL alive and well >>>> I AM….. super grateful