Let us begin by being clear on what ObamaCare is not. The Affordable Care Act (a.k.a. - ObamaCare) does not in itself provide insurance to anyone. ObamaCare is a bureaucratic & administrative structure that imposes requirements on the private health insurance system and, where accepted by state governments, expands the eligibility range for qualifying for Medicaid.
It is funded through government appropriations channeled through several departments of the government (Health & Human Services, IRS, DOL, etc.), a wide range of new taxes (tanning salons, medical devices, taxes on Blue Cross/Blue Shield plans, taxes on health insurance companies, increased Medicare Part A tax on high income wage earners are few examples), changes to existing tax breaks (reducing the FSA deduction from $3500/yr to $2500/yr and eliminating the eligibility of over the counter drugs from coverage under FSA plans), a $63 per employee per year fee assessed on group health insurance plans, the eventual employer mandate and individual mandate tax penalties for non-compliance, reductions in the amount of out of pocket medical expenses you can deduct from your personal income taxes (threshold increased from 7.5% to 10% of income to qualify for a deduction), fees (insurance companies have to pay for the privilege of selling their products in the government marketplaces), and $700 billion in what would have been increased spending on Medicare over the next decade was shifted over to help fund Obamacare. This is not a total listing but hits many of the essential high points of where the money is supposed to be coming from.
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It is funded through government appropriations channeled through several departments of the government (Health & Human Services, IRS, DOL, etc.), a wide range of new taxes (tanning salons, medical devices, taxes on Blue Cross/Blue Shield plans, taxes on health insurance companies, increased Medicare Part A tax on high income wage earners are few examples), changes to existing tax breaks (reducing the FSA deduction from $3500/yr to $2500/yr and eliminating the eligibility of over the counter drugs from coverage under FSA plans), a $63 per employee per year fee assessed on group health insurance plans, the eventual employer mandate and individual mandate tax penalties for non-compliance, reductions in the amount of out of pocket medical expenses you can deduct from your personal income taxes (threshold increased from 7.5% to 10% of income to qualify for a deduction), fees (insurance companies have to pay for the privilege of selling their products in the government marketplaces), and $700 billion in what would have been increased spending on Medicare over the next decade was shifted over to help fund Obamacare. This is not a total listing but hits many of the essential high points of where the money is supposed to be coming from.