A Year in Review: Obamacare in Pictures

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A Year in Review: Obamacare in Pictures As 2012 comes to a close, we take a look at the implications of one of the biggest policy decisions of the year. It is critically important for every American to understand the impact of Obamacare. The Heritage Foundation’s updated “Obamacare in Pictures: Visualizing the Effects of the Patient Protection and Affordable Care Act” shows through charts and graphs Obamacare’s far-reaching negative effects on all Americans. Here are a few examples of what the chart series depicts: Obamacare’s cuts to Medicare. Obamacare cut $716 billion out of the Medicare program to pay for new spending in Obamacare. These cuts come from Medicare Advantage, hospice services, nursing homes, and more. Taking this money out of Medicare will have serious implications on seniors’ ability to access care. 18 new taxes and penalties. Obamacare includes 18 new taxes and penalties that will cost Americans $836 billion by 2022. Many of these will fall heavily on the middle class, including the much debated individual mandate tax. Nearly 70 percent of those responsible for paying the individual mandate tax will have incomes below 400 percent of the federal poverty level. Premiums continue to rise. One of the boldest promises President Obama made when advocating his health care law was that premiums would significantly drop for American families. Thus far, that hasn’t happened. Premiums have increased by almost $2,000 for families with employer-sponsored coverage over the last two years. Click here to read more and download the full set of charts. >> Court Rebukes HHS Mandate's "Trust Us" Revision 12 Days of Obamacare Surprises: The Independent Payment Advisory Board Obamacare Will Spend $1.7 Trillion Over 10 Years 12 Days of Obamacare Surprises: Half Not Enrolling in Medicaid Become Uninsured CHART: Medicare and Medicaid Make Up Half of Federal Spending Today   $106 Billion THE TOTAL COST OF PENALTIES PAID BY EMPLOYERS The penalties for not providing government-issued health coverage keeps growing. Learn More >>     About The Heritage Foundation Founded in 1973, The Heritage Foundation is a research and educational institute — a think tank — whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. The Heritage Foundation | 214 Massachusetts Ave NE, Washington, DC 20002 | 202.546.4400 | heritage.org