Obamacare Delay: How It Will Affect You

The Obamacare delay probably has many people wondering how the Affordable Care Act will still affect them.

As previously reported by The Inquisitr, the Obamacare delay has many political opponents of the ACA claiming it should be repealed outright.

But that's unlikely to happen. The only part of Obamacare being delayed is the employer mandate which requires companies with at least 51 employees to offer health insurance to their full-time workers. Even if one of these workers uses Obamacare's state exchanges the business would be fined $2,000 to $3,000 per employee annually.

An Obamacare hiring freeze happened because over half of American businesses didn't know how to implement the Affordable Care Act, so they simply held back on hiring until they're sure what to do. Lawmakers realized many businesses were also cutting worker's hours to under 30 in order to bypass the Affordable Care Act, so they came up with a "fix" that ups Obamacare's federal definition for full time employment to 40 hours.

The Obamacare delay will not delay the effect of the individual mandate. Even 97 percent of small businesses will not be effected by the Obamacare delay because they're one-man companies like contractors, plumbers, and other self-employed workers. At least for individual Americans, Obamacare is actually going into effect as early as October of 2013, when sign ups for the Obamacare state exchanges will begin.

The self-employed and workers at businesses not offering health insurance will need to file paperwork showing what they project their family might make in income over the next couple years. Follow this link to a handy-dandy Obamacare subsidies calculator that will show you how much you might expect to pay based upon your income level. But beware that Obamacare subsidies come packaged with Obamacare tax surprises if your estimates are too far off.

Young adults who are part-timers might wish Obamacare would be delayed for them. Obamacare needs 2.7 million young people to sign up for the state exchanges and spend $5,800 per year in order to break even. The situation is so dire that a NFL Obamacare promotion will attempt to help with this "war on bros," which is what people are calling the marketing of Obamacare to the 18 to 35 crowd.

Worse, the Obamacare delay will cause further financial problems because Congress was counting on about $10 billion in employer-paid fines to help fund Obamacare through 2015. In 2010, the CBO projected Obamacare would cost $944 billion over ten years, but as of 2013 the CBO is guessing Obamacare will cost about $1.7 trillion.

Do you think the Obamacare delay is good reason to modify more of the Affordable Care Act?