This is probably very late, but what is Obamacare? I see people complaining that it failed, but why if so?

Question

I was born, raised and live in the U.K. I am 24 years old. I remember, on the face of things, Obamacare being a step forward for the shenanigans which is the U.S. healthcare system. But, I often see posts stating it failed. Someone please explain 🙂

I hold our NHS in high regard. I cannot imagine a healthcare system which can leave people who have worked, paid taxes for 30 years+ and are all round good citizens in financial ruins. What exactly is Obamacare and why do people say it failed?

In: Other

Answer 1

It allows kids to stay on parent’s insurance until they are 26. Even if it did nothing else, I would be eternally grateful. It also forces insurance companies to spent a minimum percentage of premium income on care for insured people (instead of shareholder or other profit)