Unforeseen hazards for retirees could be on the horizon following Obamacare rollout

There have been many flaws in the rollout of President Barack Obama's Affordable Care Act (ACA) – affectionately and ruefully pegged "Obamacare" by supporters and critics, respectively. However, there is a treasure trove of potential backlash to the already-suspect healthcare system that not only the president, but a host of insurance providers may not have anticipated, which could have a major impact on the national economy.

"In the past, many older employees under age 65 made a conscious decision to continue working even if they could afford to retire because they knew they would be covered by their group employer insurance policy," Amy Gordon, employee benefits attorney at McDermott Will & Emery in Chicago, told FOXBusiness. "But now they have the exchanges, and we could see a flood of workers retiring."

For starters, one of the main provisions of the ACA is the fact that insurers are prohibited from denying coverage to individuals with pre-existing conditions, meaning elderly workers can find their own coverage outside of the plans offered by their employers. As a result, that could mean a wave of older Americans could leave the work force. And while it is every hardworking American's right to enjoy their golden years without having to worry about their expenses after decades of contributing to society, this retirement wave could put unforeseen pressure on many insurers that will force them to raise premiums to unaffordable levels.

To gird yourself against any unforeseen expenses that all Americans will be burdened with as a result of the president's questionable policy endorsements, looking into wealth preservation for your retirement investments is not only wise, but a must.