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Video Blog 2013 October How Obamacare Will Affect Divorces
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How Obamacare Will Affect Divorces

Posted By Demetria Graves || 7-Oct-2013

The Affordable Care Act — nicknamed Obamacare — has already affected millions of people in the United States. From people signing up for health insurance (or not being able to due to overloaded systems) to those affected by the "government shutdown." However, there's one group that's very happy about welcoming the ACA to their practices—divorce lawyers.

That's because an unintended consequence of the tiered system is that if couples pass a certain financial threshold, they could be forced to pay thousands of dollars more for the same plan just because they're in a different tax bracket. The question is: will this lead to more divorces?

For example, a typical 40-year old couple with two kids could save $7,230 a year by divorcing if one partner earns, say, $70,000 and the other $23,000. Sixty year-olds earning $62,041 each a year would save $11,028 annually if they broke up. Experts are saying this could lead to a rise in divorces where the separated couple continues to live with each other. It could be that or be forced to take a lower set of wages to not get socked with the higher rates.

Would you do if put in that situation?

For More: Why Divorce Attorneys Will Love Obamacare (The Fiscal Times)
http://www.thefiscaltimes.com/Articles/2013/10/02/Why-Divorce-Attorneys-Will-Love-Obamacare

Categories: Divorce

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