Obamacare was signed into law on March 23,2010, and since then has positively affected families struggling to support terminally ill children, individuals who have been dropped form insurance coverage after becoming sick, and small businesses facing economic difficulties. Obama’s solution expands the availability of health care and presents essential moral and economic benefits for all citizens.

This care plan will primarily increase the availability of health insurance to millions of Americans, granting them equal opportunity for affordable medical care. According to Congressional Budget Office estimates, Obamacare is currently in the process of expanding insurance access to 32 million Americans by 2019. This leaves only 23 million residents without reputable health insurance, compared to the 50.2 million who are currently uninsured. Those who currently lack health care are mainly illegal immigrants and individuals who opt not to pay taxes toward Obamacare.

The Obamacare plan must also be maintained for moral reasons including its child policy, which prohibits insurance companies from excluding children under 19 with pre-existing conditions from their plans. These conditions can include various diseases such as Asthma and Type Two Diabetes. As a result of Obamacare, children born with terminal or serious illnesses are able to aquire an affordable health insurance plan. Consequently, a large quantity of American families with children included in what is known as the “high risk pool” will immediately have access to the necessary insurance.

The policy also forbids insurance companies from dropping individuals from coverage if they become sick, unless the individual has misrepresented his or her condition. Under any circumstance, insurance firms should not be permitted to refuse service to citizens who require medical assistance, especially to those who have already paid for insurance and expect to be provided with care.

According to The Huffington Post, before Senator Ted Kennedy passed away he wrote a letter to President Obama expressing his gratitude for a president who will “at long last sign into law the health care reform that is the great unfinished business of our society.” Obamacare stands for many politicians’ lifetime efforts to base health care upon equality rather than income.

Obamacare is also beneficial on a smaller scale for small family-owned businesses. By providing tax credits to small businesses that offer employee care, Obamacare supports those that have been struggling in the present economic climate. Since Obamacare was passed, many small businesses have been able to offer their employees health insurance for the first time, leading to increased security and benefits.

Obamacare presents significant long-term economic benefits. By stimulating national spending, it has the potential to reduce the budget deficit by billions of dollars within the next several decades. While the government will have to increase spending in the initial years, high premiums on taxes will eventually generate funds.

Despite its initial economic costs, Obamacare will ultimately prove beneficial to U.S. citizens. The law will force insurance companies to implement fairer policies and prevent them from withholding care on unjust grounds. •