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Fact checking Obamacare criticism

Updated: Thursday, October 17 2013, 06:54 PM EDT
ALBANY -- Two major arguments by opponents of the Affordable Healthcare Act, also known as Obamacare, say the law will hurt businesses and increase premiums.

Those arguments were at the forefront of the debate from US Senator Ted Cruz, R- Texas, the man who many blame on the government shutdown. Cruz was very critical of the law and was one of many Tea Party lawmakers pushing for a repeal.

Even after a deal was struck to reopen the government and increase the debt ceiling, Cruz said Obamacare will hurt Americans.

The argument that "businesses will be hurt by the law" was one of Cruz's arguments. Under the Affordable Healthcare Act businesses with at least 50 employees must offer insurance to their full time, 30 hour per week, workers.

However, in the early stages of the law that is not stopping businesses that size from hiring, and the number of Americans who are under 30 hours a week is stagnant.

According to ADP, a large American based payroll company, the number of workers hired in September alone, by businesses with at least 50 employees, rose from the previous year. Their report states 92,000 were hired by companies that size.

A report by the Center for Economic and Policy Research shows the number of  Americans who are working less than 30 hours week has increased by less than 1% in one year. The study was conducted during the months businesses initially would have paid a fine if they did not comply with the new law.

The sanctions were scaled back in July.

it is going to costs Americans more for healthcare" was a common phrase used since Obamacare was passed into law. Even after the deal to reopen government it is still a constant argument from opponents of the law.

Now that the exchanges are out the price comparisons back that claim.

According to the Heritage Foundation, who did a study of monthly single premium rates by state, based on age, rates are up across the board.
The study shows in 45 states healthcare rates are up from the youngest adults to families of four.

Just five states, including New York, saw a decrease in premiums across the board when the exchanges were posted. The largest increase came in Virginia where premiums are up 250% for young adults and 50 year olds-- and up 178% for families, the study showed.Fact checking Obamacare criticism


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Related Stories

October 1, 2013

1. Additional Funding for the Children's Health Insurance Program (CHIP)

2. Under the new law, states will receive two more years of funding to continue coverage for children not eligible for Medicaid.


January 1, 2014

1. The Health Insurance Marketplace is established

2. You must buy coverage or pay a fee to offset costs of caring for uninsured Americans.

3. Medicaid program expands. Federal government to pay 100% of costs for first three years.

4. Tax credits given to people who can't afford care.

5. Ensures coverage for individuals participating in clinical trials

6. Annual limits on insurance coverage eliminated.

7. No discrimination due to pre-existing condition or gender

8. Small business health insurance tax credit increases

Read more at: http://HealthCare.gov


 

Enrollment for healthcare exchanges as part of healthcare reform begins October 1 in states where exchanges will be set up. Expect special reports each week from us about what you need to know about 'Obamacare' and the ongoing political fight about its future.

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