The Affordable Care Act will begin massive changes that involve every state, enormous price tags and millions of American citizens. Here are some of the most pertinent facts regarding the law that you might not know, both positive and negative. 
How will ObamaCare change small business?

The negative: Those who are against Obamacare, most recently union leaders who formerly supported the legislation, are worried that the employer mandate gives smaller companies an incentive to shift their employees to part-time status so that they’re not required to provide them with coverage. Several of the nation’s largest unions have approached the federal government stating that Obamacare will adversely affect them and damage the core of the American middle class.

The positive: The employer mandate has been postponed until 2015, so employers might not start cutting employees hours to avoid having to provide them with coverage just yet. According to, only 0.2 percent of companies throughout the nation employ more than 50 workers who don’t already offer health benefits to their full-time staff. The tax fine for not providing benefits does not apply to the first 30 employees of a company.

How will ObamaCare impact the future of those who work in health care?

The negative: According to a study by the Association of American Medical Colleges, the country is on track to have a shortage of 91,500 physicians by 2020 as a result of the sweeping negative view that most health care providers have of the legislation. In another survey completed by The Doctors Company, 60 percent of doctors responded that they think the pressure to cut costs, expand volume and improve quality will have an adverse effect on the care that patients receive. Forty-three percent of doctors said they would consider early retirement.

The good: According to information released by the Department of Health and Human Services, the legislation is making improvements on current care facilities and adding employees throughout the health care field. 190 construction and renovation projects of health care facilities have been funded by the law, serving 4 million Americans. It’s projected that the legislation might create as many as 19,000 new jobs.

How much do Americans know about the implementation of ObamaCare?

The negative: According to information released by the Kaiser Family Foundation Health Tracking Poll, 42 percent of the public is not aware that the law is being put into place. Additionally, more than half of Americans age 18-29 are unaware that the law was signed in March of 2010. Forty percent said they received their knowledge of the legislation from word of mouth from friends and family, 66 percent from the news and another ten percent from health insurance companies. More Americans have reported having a negative view of the legislation than a positive one, the survey reveals.

The positive: Americans can begin enrolling in state-run insurance exchanges as of October 1 when they open. Those who are eligible will receive a type of cost assistance to put toward insurance premiums that are taken off their Gross Taxable Income. Some states including Minnesota have already started providing insurance premium estimators to give people an idea of what their costs might be.

As the final implementation of the law approaches, Americans will get a better understanding as to whether or not the legislation will or will not work for the country.

Modern Business Associates is an HR company that focuses on payroll and HR outsourcing. We routinely work with clients on payment and employee benefit issues. As a Professional Payroll and HR outsource organization, our clients rely on us to help them effectively deal with these kinds of topics.