Companies offered health coverage to their employers but certain laws prevented them from giving some benefits, forcing them into something that is called a one sized fit's all system. Basically like a waiting list. The problem with the one sized fit all system is that healthcare is just simply too large and complexed to manage at a government level. This is a system the government created that they cannot fix. The charge of Obama care would dump 60 million workers into the laws state and federal insurance exchanges which lead to the Affordable Care Act (ACA).
Two other elements significantly contributed to indu... ... middle of paper ... ...onsumers when it comes to their own medical care,” said Prosser, a Mercer Health and Benefits Consultant. Withdrawal of Benefits: Even though employers who want to remain competitive in the marketplace for the best talent offer attractive healthcare insurance packages, the costs have already become too high for some employers. As a result, there is a decline in the number of employers offering health insurance plans. “Year-over-year increases in premium rates have forced some employers to opt out of healthcare coverage altogether. Of companies surveyed, 60 percent offer insurance to employees, down from 69 percent in 2000.” However, the managed care companies have simply removed less profitable customers from their base and continue to make profits.
The main issue is the fact that many consumers will see a decrease in health coverage from their employers, due to the firms wanting to avoid this tax. This raises the deductible for consumers, and therefore increases their personal expenses as a result of the ACA. Healthcare reform is one of the largest potential changes in United States policy in over 100 years, and the issue is hotly debated from both sides. If fully implemented, it has the potential to transform and reshape the healthcare system for years to come. Unfortunately, it is extremely hard to predict the economic effects of the act because each side has sound economic arguments both for and against the Affordable Care Act.
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“In 2010, Medicare spent an estimated $48 billion– our tax dollars – on overpayment and waste. But the most tragic victims are people who need medical care but don’t have the money to pay for it”. (Allen), Furthermore, by physician also pay a important role which have an impact on the spending as well. The doctor orders masses of procedures to show that he or she has done their due diligence in diagnosing the patient. Unfortunately, all of these unnecessary tests and procedures lead to unnecessary custodies and cost to the patient.
The reported story mainly focused on the fact that many consumers who are pleased with their health care insurance won't be able to keep them. The one hundred and twenty one pages containing the new rules regarding health care insurances under the Obama care were cited. Parts of Obama’s speech regarding the Obama care were showed; his promise on people keeping their old health care insurances was highlighted. The commentator used accurate and specific words. The impact of these new rules on small companies were also discussed emphasizing how small companies won't be able to shop for better health care deals without breaking some of this new rules or perhaps they won't be able to offer a health care insurance to their workers at all.