Insurance. Every working person contributes 7.65% of their paycheck (up to the 1st $118,500) and their employer matches the same. A self-employed person will contribute 15.3% of their pay up to $118,500. Under the Affordable Health Care Act, more commonly known as Obama Care, passed in 2009 and became law in 2010, everybody must have health insurance either privately, through their employer or through a federal or state run health exchange. If you do not have insurance, you will pay a fine. What are your general opinions of Social Security and the Affordable Care Act?