Return to site

Obamacare is in full effect - 11/2/15

Learn more at

Happy November and Monday! In this new-month, new-week, new-world we are highlighting Obamacare. Get the facts about Obamacare in to prepare for the new year.

Why does this matter?

November 1st marks the first day of open enrollment for over 10 million Americans eligible for health coverage under the Affordable Care Act (ACA). This is the third year of enrollment under Obamacare. Enrollment period will end January 31st, 2016 and after the deadline any American citizen without healthcare coverage will be fined. The fine for not being insured in 2016 is $695 per adult or 2.5% of your income.

America is the most developed country in the world yet it still has many setbacks, and one for many years is health care coverage. About 32.3 million non-elderly Americans are uninsured, over 10 million of these uninsured can greatly benefit from the Affordable Care Act. The mission of Obamacare is to insure every American citizen at an affordable rate.

What does this mean for the world?

As every life matters, it is imperative that accessibility to health coverage is attainable to all despite their financial situation. Obama and his administration built this plan in order to effectively be able to assure that every American has rightful access to good care in the case that they should require it.

Although the idea for providing accessibility to every American is imperative and valuable, the initiative comes with many drawbacks and hurdles. It is likely that the program will be effective for years to come, yet there will most likely be revisions to improve the results. It will be years before the entire American population is insured and has accessibility to the abundance of healthcare in this country.
What are your thoughts on the U.S. Healthcare System?
At the time of this commentary Michael Ojo, his family and/or clients of Golden Door Asset Management held no positions in the stocks mentioned above — although positions can change at any time.
Michael Ojo is the Managing Director of Golden Door Asset Management, LLC,a registered investment advisor specializing in individual and high net worth individual private wealth management. For more information on investing with Golden Door Asset Management, LLC please visit our website, Golden Door Asset Management, LLC is a New Jersey LLC, with its principal office located in Princeton, NJ.
Michael Ojo is also the publisher of CareStocks, a newsletter focusing in on healthcare services, medical equipment, technology and real estate stocks. More information to the newsletter can be found at
© 2015 Golden Door Asset Management, LLC. All rights reserved.
All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!