Obamacare has affected many American economies, it has affected the economy in positive and negative ways. Some examples that have had positive effects include slowing the rise of healthcare costs, reducing the budget deficit, and covering 10 essential healthcare benefits. Some examples of this negatively impacting income tax rate increases, people choosing to pay taxes rather than coverage, and taxation even on those who have not purchased insurance. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay One example that Obamacare has positively affected the American economy is by slowing the rise of healthcare costs. Slowing the rise of healthcare costs was one of the biggest benefits Obamacare provided. It does this by providing insurance and making preventive care free. The slowing increase in health care also leads to people receiving care before having to resort to expensive emergency room services. A second example of Obamacare positively influencing the American economy is the reduction of the budget deficit. There are three ways that help reduce the budget deficit. One way is to raise taxes on some businesses and raise taxes on higher-income families. Second, the cost burden will be shifted to healthcare providers and pharmaceutical companies. The final way is to reduce government healthcare costs. A third example where Obamacare has had positive effects is that it also covers 10 essential health benefits. All health insurance programs are required to provide the 10 vital health benefits. The 10 essential health benefits are maternity and newborn care, mental and behavioral health treatments, preventive and wellness visits, laboratory tests, pediatric care, services and devices, hospitalization, outpatient services, emergency room services and prescription drugs. There are some examples of Obamacare having negative effects, but one example is the increase in the income tax rate. The income tax rate in 2013 was increased for 1 million individuals who had income above $200,000. The tax rate increased from 1.45 to 2.35 depending on the income above the threshold. Two other examples that Obamacare has negatively affected is that people choose to pay taxes rather than pay for coverage and it has also taxed those who have not purchased insurance. There were approximately 4 million people choosing to pay taxes rather than pay for coverage. There were people who didn't buy insurance, and those who didn't buy insurance were taxed. Those who didn't pay insurance and were taxed, but many avoided the tax thanks to an ever-expanding list of exemptions. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Not only did Obamacare affect the American economy positively but also negatively. It has made a positive impact by slowing the increase in healthcare costs, reducing the budget deficit and also covering 10 essential healthcare benefits. It also negatively impacts by increasing the income tax rate, people choosing to pay taxes rather than paying for coverage, and also taxing those who have not purchased insurance..