The Impact of the Affordable Care Act on Hispanics
The Affordable Care Act (ACA), the new national healthcare law also referred to as “Obamacare,” mandates that all Americans must enroll for health insurance by March 31st or be subject to a penalty fee in the form of a tax. But, how much is this law truly costing Americans? As people across the country continue to face technical difficulties on the healthcare exchange websites, narrow doctor networks and higher premiums- the law’s impact is being felt across many states- especially those with high Hispanic populations. Many are losing their current insurance plans and are seeing their rates soar because of the new mandated coverage requirements under the healthcare law. As a result, businesses are inevitably forced to cut their employees' hours or reduce their healthcare insurance benefits just to break even. For many, the law is proving to be anything but “affordable”- and if you live in Arizona, Colorado, Florida, Nevada, or Texas, you may already be feeling the painful impact of Obamacare.