How Does Health Insurance Affect The Economy?

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    David RacichPRO
    Fountain Hills, Arizona
    The PPACA, or better known to the public as Obamacare, will be implemented six months from now. The intent of the legislation is to provide health coverage for every American at an affordable price, supposedly lowering current premiums. Most economists and some government agencies predict that Obamacare will cost much more to operate than previously thought and will impact the economy adversely. Keep in mind that this is a federal program. Any short fall of the program will be borne by federal income tax payers. Only 53% of Americans pay federal income taxes. Taxes will increase or the U.S. debt will increase or both with the imposition of Obamacare.
     
    Answered on June 22, 2013
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