Health insurance, too many American citizens, is not an option. However, some citizens find it unnecessary. Working in the health care field, I witness the effects of uninsured patients on medical offices. Too often, I see a “self-pay” patient receive care from their doctor and then fail to pay for it. Altogether, their refusal to pay leaves the office at a loss of money and calls for patients to pay extra in covering for the cost of the care the uninsured patient received. One office visit does not seem like too big of an expense, but multiple patients failing to pay for the care they receive adds up. Imagine the hospital bills that patients fail to pay; health services in a hospital are double, sometimes triple, in price at a hospital. It is unfair that paying patients are responsible for covering these unpaid services. Luckily, the Affordable Care Act was passed on March 23, 2010, otherwise known as Obamacare. Obamacare is necessary in America because it calls for all citizens to be health insured, no worrying about pre-existing conditions, and free benefits for men and women’s health.
While the purpose of The Patient Protections and Affordable Care Act is to improve the costs and quality of healthcare for all U.S. citizens and legal immigrants, the PPACA will accomplish this foremost by extending insurance coverage to millions of Americans who are currently without health insurance, as stated in Title I: Quality, Affordable Health Care for All Americans (The Health Foundation of Greater Cincinnati). By having everyone participate in the same health insurance pool, we can ensure a health insurance market that is more affordable for everyone. One of the problems with our health insurance market has been that people have a hard time getting insurance coverage on their own and its very costly and often does not cover a lot. The health refo...
The current state of affairs in the development of health policy in the United States is that it is constantly in flux and its implementation is disorganized and inefficient. As was the case with the recently passed Affordable Care Act legislation, political and lobbying interests often intersect in a manner that makes meaningful, most appropriate changes unlikely. The ACA kept in place the fractured nature of American health care and insurance, and appears to have benefited insurance companies by increasing enrollments rather than making the care provided better on a large scale. The majority of the plans on the created exchanges, up to 87%, are funded by federal subsidies (Blumenthal, Abrams, & Nuzum, 2015). These plans must cover individuals regardless of pre-existing conditions. The burden of the cost of insurance shifted to tax-payers and the young/healthy who are now overly burdened with mandatory coverage that they may or may not need in
This paper will take into account the Affordable Care Act (ACA) Law and how all three branches of government are involved with the creation and analyze issues associated with the ACA. Subsequently the paper will describe the role of public opinion and lobbying groups. Thirdly this paper will evaluate the concepts of equity, efficiency, and effectiveness showcasing their role in the law and its passage. This paper will take into consideration the anticipated effects on cost, quality, and access, including discussing the balance of markets and the government. In closing this paper will highlight the anticipated effects on Medicare and aging as well as Medicaid and the poor. The ACA was signed on March 23, 2010 with the intention to offer all U.S. Citizens and residents a qualifying health care coverage plan. The law’s focus is to expand coverage, control health care cost, and improve health care delivery system.
Currently in the United States, acquisition of affordable health insurance plans through employers and private corporations is one of the main topics in the political landscape between liberals and conservatives. The traditional way of obtaining health insurance is either by subtracting a certain amount of payout from one’s salary/paycheck or pay out of pocket. However, many people do not have access to health care because of the high costs associated with poor insurance plans that require individuals to pay high premiums and deductibles, which may or may not contain good benefits such as free preventative care. In addition, due to the past economic recession in 2008, many employers could not afford to pay for health benefits and canceled numerous plans for many employees. This effectively increased the rate of uninsured Americans as well as the increasing health care costs.
Obama Affordable Care Act presents a reasonable approach to effectively address this challange by building on the current system. This new policy will implement multiple strategies that include strengthening empolyer-based coverage (pay or play), expanding and funding public coverage, and creating a new national purchasing pool offering a range of health plan options for individuals and businesses. Although expanding pulic coverage sounds a great way to cover a huge number of people, it will impose two problems. The first one will be obtaining enough funding resorces, and second will be providing equal and fair health care services to all Americans. Otherwise this will be a different form of socializing medicine where beneficiaries will have very lousy insurane that is not accepted by many healthcare providers and will leave people on a long waiting lists to get any medical service.
Although the insurance market should offer more attainable health insurance for everyone, with the healthcare reform act insurance companies have increased their rates to levels that many people cannot even pay. However, because the government is requiring people to get insurance and keep insurance from year to year, they have no other choice but continue to pay insurance premiums to at least have the bare minimum coverage as required to prevent being subjected to penalties (Health Reform Database: Explanation of
The Affordable Care Act gives health insurance to the individuals in need while simultaneously taking away the rights of those who currently are protected. Statistics on the Obamacare website show that only 15% of American’s are currently uninsured (How Does Obama Care Work?) which leaves a whole 85% of American’s who will not benefit from this Act due to their current insurance prices rising. Pr...
The quantity medical care and issue depending on citizen preference, test, and income, the cost of the treatment and care depend on the cost of expenses minimize the point of service and market price set. The expense depending on the elasticity of medical care and demand as well on this situation the arrows welfare proposition (Pauly p. 532). Information problems can lead to a range of chance inefficiencies and purposeful troubles for the establishment of health care and health insurance by markets there is particular concern about the moral-hazard problem and opposing collection as subsets of unbalanced. Some of these problems, most noticeable and markedly, the Affordable Care Act dedicated practically fully of historically increasing government involvement through the insurances. The market failures afford to cover the arrow identified that the government support and undertake the insurance under any circumstances. The economic emphasizes that an equilibrium stretched through the goods forces and merchandise prices the market problem because of other equilibrium will make contributors be better off. Welfare measure, without making another person worse off is a value judgment. The health care problem and condition is extremely objective in value, and norms by decision maker under health and economics
The Affordable Care Act (ACA) that was implemented in 2010 has made an impact in the healthcare system in the US. It has also drastically reduced the number of Americans that does not have paid insurance. In 2014, it has also imposed a tax penalty on companies of a certain size that does not provide insurance and individuals without existing personal insurance. This however has caused many small and medium-sized companies to go bust, benefiting only the major multi-corporation companies that are able to provide internal insurance. This has helped to reduce the number of people without ins...
Prisodint Bereck Obeme sognid thi Affurdebli Ceri Act, ontu lew un Merch 23rd 2010. Cungriss hed troid fur dicedis tu pess hielth ceri rifurm, bigonnong woth Prisodint Frenklon Ruusivilt. Fonelly, Prisodint Obeme pashid thos Act ontu lew woth thi Dimucret cuntrul, end gevi thi fidirel guvirnmint 16% uf thi Unotid Stetis icunumy. Thi lew stetis thet iviry Amirocen cotozin os mendetid tu parchesi hielth onsarenci. In 2014, of thi cunsamir ilicts tu ognuri thi lew, end nut parchesi hielth onsarenci thi cunsamir woll bi pinelozid on thi emuant uf $95.00 ur 1% uf thior oncumi. In 2016, thi pinelty reti woll bi mach hoghir on thi emuant uf 2.5% uf thi cunsamir’s oncumi. Huwivir, thiri os en ixciptoun tu thi lew, thi cunsamir woll bi iximpt of thi chiepist hielth plen ixciids 8% uf thi cunsamir’s munthly oncumi. Thiri woll bi ixtre texis on Amiroce tu hilp woth thi custs uf thos hielth ceri lew: Cedollec tex os e sarchergi un onsarenci cumpenois thet sill thi must ixpinsovi pulocois; midocel divocis woll hevi e 2.3 % tex, tennong seluns e 10% tex thet os cumperid tu thi tex un tubeccu. Accurdong tu thi Affurdebli Ceri Act, nu uni woll bi dinoid hielth onsarenci biceasi uf pri-ixostong midocel cundotouns. Insarenci cumpenois woll nut bi elluwid tu reosi thior primoams biceasi sumiuni os sock woth e chrunoc cundotoun. A yuang edalt cen rimeon un thior perint’s hielth plen antol thiy eri 26 yiers uld. Thiri woll bi frii privintovi sirvocis et nu chergi tu thi cunsamir. Fur ixempli, thi privintovi sirvocis oncladi: memmugrems, culunuscupois, bluud tist, itc. Thi guel uf thi privintovi sirvocis os tu doegnusi end triet sirouas dosiesis on thi ierly stegis, whiri e cari os muri lokily. Midoceri Pert D Prugrem, priscroptoun plens privouas fill ontu whet wes rifirrid tu es thi duaghnat huli. Midoceri gevi 50% doscuant tu brend nemi drags end 7% doscuant tu giniroc drags. Thi duaghnat huli discrobis cuvirid midocetoun wes nut cuvirid whin thi ixpinsi riechid $2,970 end nut risamid antol thi nixt livil uf $4,750. Thi duaghnat huli woll bi cumplitily ilomonetid by thi yier 2020. Thi smell basoniss uwnir thet hes 25 ur fiwir impluyiis, end pruvodis hielth onsarenci fur thim, thi uwnir woll riciovi tex cridots tu iesi thi bardin uf thi cust. Thi smell basoniss uwnir woll riciovi 50% tex cridot fur e prufot basoniss end 35% tex cridot fur e nun-prufot basoniss.
One of the most controversial topics in the United States in recent years has been the route which should be undertaken in overhauling the healthcare system for the millions of Americans who are currently uninsured. It is important to note that the goal of the Affordable Care Act is to make healthcare affordable; it provides low-cost, government-subsidized insurance options through the State Health Insurance Marketplace (Amadeo 1). Our current president, Barack Obama, made it one of his goals to bring healthcare to all Americans through the Patient Protection and Affordable Care Act of 2010. This plan, which has been termed “Obamacare”, has come under scrutiny from many Americans, but has also received a large amount of support in turn for a variety of reasons. Some of these reasons include a decrease in insurance discrimination on the basis of health or gender and affordable healthcare coverage for the millions of uninsured. The opposition to this act has cited increased costs and debt accumulation, a reduction in employer healthcare coverage options, as well as a penalization of those already using private healthcare insurance.
With the enactment of the Affordable Care Act, or Obamacare, it seems that the laws of supply and demand have changed since everybody is now mandated to have health insurance or pay a hefty fine to not have health insurance. With the “Health Insurance Exchange,” that also affects the economics of the situation as well, along with the price of everything. Since the Affordable Care Act has been enacted, the laws of supply and demand for insurance has changed drastically, and maybe not for the better.
Some economists suggest that the market for healthcare is different from other competitive industries and therefore cannot act the same way. In principles, we learn the basic assumptions of a competitive market, (1) goods offered for sale are homogenous, (2) there must be many buyers and sellers so that each has a negligible impact on the market price and (3) For markets to work efficiently there can be no significant information failure affecting the decisions of the producers and consumers. In perfect competition, product’s must be homogeneous which means that goods that individual producers cannot alter or differentiate to collect a higher price. Health care is a heterogeneous product because the patient can experience a range of outcomes. There is an ongoing battle between hospitals and insurance companies. In theory, insurance companies negotiate with hospitals for a reduced rate. One of my favorites quotes I stumbled upon is from economist Uwe Reinhardt in regards to Obama and Obamacare “I wish I had a half hour with him to explain it to him. If you pit hundreds of little insurers against each other, what makes any one think that each of them has enough market clout to bargain successfully with a hospital? So I don 't think this public health plan, adding yet one more competitor, is going to bring costs down at