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7 Deadly Obamacare Myths

obc-4Ever since it became law a lot of myths have been flying around about Obamacare. These myths have become so pervasive that a lot of people believe them and don’t understand what Obamacare actually is or how it really works.

The truth is Obamacare will not change medical services for most patients. You’ll still have to buy your own health insurance. The only difference most people will see are the exchanges, which are intended to lower costs and make it easier to get health insurance.

To try and answer some of your questions we’re going to debunk the 7 most deadly Obamacare myths, which will show you how the new program might actually affect your family.

Myth #1- Obamacare is socialized medicine under which government will take over healthcare and abolish private health insurance. Not true under Obamcacare most people will still rely on private health insurance and health services will still be provided by for profit clinics, hospitals and doctors. In fact, Obamacare will actually expand the number of people on private health insurance.

Need Health Insurance? Get Great Rates Fast and Easy. Myth #2 – You will go to jail if you don’t buy private health insurance under Obamacare. Not true instead you’ll simply have to pay additional income taxes if you don’t buy health insurance. The news stories I’ve seen indicate the penalty will be $95 per individual next year, $325 in 2015 and $695 in 2016.

Myth #3 -The government will pay for all of your health care under Obamacare. Definitely not true. Most people will still have to pay for private health insurance and at least part of the cost of their health care and prescriptions through co-pays. Individuals who make less than $50,000 a year and families that make slightly more each year will receive tax credits to pay for part of their health insurance.

Myth #4 – My health insurance premiums will increase greatly because of Obamacare. Not true. The tax credits and health insurance exchanges set up under Obamacare are likely to slash premium costs for many individuals and families by as much as 50%. The cost of the savings varies widely from state to state, but those in the middle class should see some savings. The less you make the greater the savings. Some upper income people may see higher premiums because taxes and surcharges.

Myth #5- Obamacare will lead to the rationing of health care and denial of medical services. This is basically propaganda spread by Republican politicians such as Sarah Palin. Obamacare changes the way health insurance works, not the way health care decisions are made. It doesn’t tell doctors what services to provide.

Myth #6- Obamacare will hurt small business by requiring them to provide health insurance for all employees. Not true. The provision only affects firms that employ more than 50 people and it has been delayed for a year. Most businesses will not be affected. Businesses with less than 50 employees can qualify for tax credits to buy insurance for employees. Businesses can also get waivers to avoid this provision if they want. Large companies like McDonald’s and Dillard’s already have waivers.

Myth #7- Obamacare means the end of Medicare. Not true. Medicare is still available and it has not changed much. Most of the changes from Obamacare affect private health insurance and younger people. The only differences Medicare recipients might see are lower reimbursements for some services.