Does anyone know enough about it to tell me exactly what it does? All I really know about it is "It's a health care reform that looks like a Socialist system".
That's a big talking point but I'm not sure what exactly the parallels are. In this reform there is a personal mandate to buy insurance but there is no public owned option. That is certainly the future goal and I can sort of see how that would be called socialist in nature but I'm not sold on the current comparison.
It makes sure that insurers can't scam you with "pre-existing conditions", your ancestors' credit scores, and things to that effect; allows you to stay on your parents' health insurance plan until you are 27, and paves the way for public health care provided by the government.
It also introduces:
- a requirement that you have insurance with a fee (or jail time as it counts as tax fraud) if you do not. As of 2016 this could be up to 2% of your annual income and is nearly certain to rise as time passes.
- a 40% excise tax on insurance policies over $8500/year (which will likely be passed to the employee in the form of a reduced wage or other benefits).
- a system that even further complicates taxes and has the mandate be enforced by the IRS (really?)
- a reduction in the flexibility of FSAs
- a system run by the government that couldn't even work social security right (take money, don't spend it)
- a trillion dollar debt over 10(I think) years with no clear way to pay
Cosman, as an aside, I'm also curious what your source is that credit score comes into play in some insurance decisions.
 last I heard, may be more or less now