The IRS has devoted a website to the Affordable Care Act or otherwise
known as Obamacare. The purpose of the website is to “educate individuals and
businesses on how the health care law may affect them.” Obamacare is expected
to be fully implemented by 2014.
Those looking for information on how Obamacare will benefit
them can visit the new
IRS Obamacare website. One of the most important features of the website is
the Help & Resources section. The live assistance available on weekdays
makes it convenient for people to get questions about Obamacare answered by the
IRS.
Topics covered on the website include tax credits for
individuals, new benefits and responsibilities for employers, tax provisions
for certain kinds of businesses, and news and legal guidance. All the
information is divided into three sections: Individuals and Families, Employers,
and Other Organizations.
As the IRS is trying to make the provisions of Obamacare
clear to Americans, Obamacare itself is facing stiff criticism. There are
indications that many employers have already found ways to avoid providing
health insurance to employees, including reducing their work hours under the
full-time work limit. If this trend picks up, it could affect millions of
Americans.
Jason Furman, an economist and Chairman of
President Obama’s Council of Economic Advisers (CEA), said, “We are seeing no
systematic evidence that the Affordable Care Act is having an adverse impact on
job growth or the number of hours employees are working.”
The purpose of Obamacare will be defeated if many remain
untouched by its benefits. It is such loopholes that the government must find a
fix for in time. 2014 is coming, when the affects of Obamacare will become
evident, indicating its success or failure.