The Obama Health Plan is a health care reform which was initiated by the United States president, Barrack Obama. The bill is intended to cover the health of many Americans whose health has not been covered in the current plan. Dubbed the ‘Obamacare health plan’, the plan will take care of the treatment expenses of Americans who do not have health insurance. Actually, the plan was dubbed this name from the usual as Obama jokes a lot during his speeches.
The bill, if in force, will make changes to the current system of acquiring health care insurance. It means that one can decide to opt for private health insurance instead of buying one from a specified insurance provider. There are a number of ways in which the Obamacare will be paid. One of them is through cuts on the budget and another is through taxes. The tax rates depend on how much one earns so that the more your income is, the more tax you will pay towards Obamaccare. Instead of being confined to a specific insurance provider, families will get the opportunity to buy insurance from providers with a competitive platform. This will encourage providers to bid and hence the provision of insurance at an affordable rate. The health plan has been slated for ten years and even though the estimated amount of money intended for it is a lot, it is actually a saving mechanism for the nation in the future.
