In response to requirements to provide insurance to all employees, government forces employers to make a difficult choice: reduce employee’s hours or wages or go out of business. Instead of closing doors, employers are shifting schedules to keep the doors open and individuals employed. And this isn’t limited to the private sector. Many local governments have also responded in the same way. For instance, the city of Long Beach, California cut hours for over 1,600 workers due to ObamaCare’s mandates. Fewer hours or less in wages, this is the future under ObamaCare.
By covering young individuals that did not normally purchase health insurance, Obamacare artificially increases the number of people in the healthcare market. The increase of people seeking medical services worsens the existing doctor shortage in the country, impacting your care by resulting in longer waits for doctor visits and procedures. These problems will continue to get worse as one-third of doctors will retire over the next decade. Longer waits and delayed treatment is on its way under Obamacare.
Starting in January, individuals in the United States must provide the Internal Revenue Service with proof that they purchased insurance or are covered under a qualifying policy through an employer, Medicare, or Medicaid. Failing to purchase insurance will result in a tax penalty of $695. For the average family of four, the fine would cost $2,085 a year. Many families could be punished for their personal healthcare choices due to Obamacare.
Obamacare mandates that employers provide insurance coverage to all full-time employees, but it doesn’t mandate that coverage be provided for spouses. Supporters of the law actually made this outcome worse by limiting access to options to purchase insurance for spouses and dependents. Starting in 2014, many families could find themselves without coverage due to Obamacare.
Employers who don’t want to reduce employee hours or wages are looking at options to reduce the amount of benefits provided to employees through their insurance plans. While the federal government placed numerous benefits on insurance policies that individuals purchase, the same rules don’t apply to employers. Instead, the federal government will raise taxes on employers offering extremely generous coverage. As a result, many individuals will enjoy fewer health insurance benefits due to ObamaCare.
Starting in 2014, the Internal Revenue Service is charged with ensuring that all Americans are covered by a qualifying insurance policy. Individuals will need to certify their coverage every year when they file taxes and their employers will need to submit additional paperwork. This is just one of the 47 rules and taxes that the IRS must enforce due to Obamacare.