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The Unintended Consequences of the Affordable Health Care Act
Negative impacts of Obamacare
Negative impacts of Obamacare
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In 2010, President Obama passed the Affordable Healthcare Act, also known as Obama-care. Obama care it self is over twenty thousand pages long, and it may add six point two trillion dollars to the nation’s deficits. This act was made to allow everyone the opportunity to have health insurance, specially people who can not afford insurance on their own. However, instead of helping people afford health insurance, it forces people to buy insurance that might not be affordable for them based on their income. It also makes employers pay for their employee’s health care. That expense is covered by raising the prices of goods and services. Obamacare actually has a lot of out-of-pocket expenses as well. If you were to make 24,000 dollars a year, and have no health insurance your premiums would be brought down to below 7% of your income. If you were to have in accident your out-of-pocket could be 5,200 dollars. “That’s even with additional financial subsidies that the law provides people with modest incomes and high out-of-pocket costs.” (Under Obamacare, out-of-pocket leave some ‘underinsured’) Also, young and healthy people are usually not insured and usually only make minimum wage or slightly above. Since they are healthy they risk being without insurance. ”Now, they will have to get insurance or pay a hefty fine. If they choose to buy insurance, they’re going to pay higher prices than if they had bought insurance before Obamacare took effect.” (Top 5 Negative Impacts of Obamacare) Another downside to the law is that it needs a lot of young, healthy people paying the premiums without using the insurance to cover the expenses of those who are ill. “It depends on getting a whole bunch of young people into the program. So far scattered re... ... middle of paper ... ...h causes the store prices to go up everywhere. So that those who are working less hours and bringing home less money are now paying higher prices for goods. In conclusion, obamacare will raise unemployment and reduce incomes. It takes away our right to make our own decision on whether we want health insurance or not. It raises the price for health care to something that is harder to afford. It does not meet the promises that were given before it was passed into law. The United States federal government already has programs such as Medicare, Medicaid and Social Security which are having financial problems. Why add another one when the government has already proven that they are not good runny these type of programs? I think that the law needs to repealed due to the negative consequences. I think that the government needs to find a better way to reform health care.
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.
The aim of affordable care act (ACA) was to extend health insurance coverage to around 15% of US population who lack it. These include people with no coverage from their employers and don’t have coverage by US health programs like Medicaid (Retrieved from, https://www.healthcare.gov/glossary/affordable-care-act/). To achieve this, the law required all Americans to have health insurance which is a reason of controversy because, it was inappropriate intrusion of government into the massive health care industry and insult to personal liberty. To make health care more affordable subsidies are offered and the cost of the insurance was supposed to be reduced by bringing younger, healthier people to the health insurance system. This could be controversial, if older, sicker people who need the coverage most enter the market but younger group decline to do so. The insurance pool will be unbalanced and the cost of coverage will rise correspondingly.
The Affordable Care Act or “Obamacare” was designed to assure that all Americans regardless of health status have access to affordable health insurance. The Affordable Car Act was signed into law March 23, 2010. The primary goal of this act was to decrease barriers for obtaining health care coverage and allow Americans to access needed health care services (Affordable Care Act Summary, n.d). After the legislation is fully implemented in 2014, all Americans will be required to have health insurance through their employer, a public program such as Medicaid and/or Medicare or by purchasing insurance through the health insurance marketplace exchange (Affordable Care Act Summary, n.d). I will identify three parts of The Affordable Care Act that I believe are important. First, I will talk about the requirement that insurance companies are no longer able to deny coverage to individuals with pre-existing conditions. Secondly, I will explain why physician payments are being shifted to value over volume. Lastly, I will discuss Medicaid expansion and why some states are not expanding at all.
Although the Affordable Care Act does potentially have some positive effects to it, like bringing affordable health insurance to uninsured Americans; the Act does also have “Section 1342 of the ACA makes taxpayers responsible for bailing out insurance companies if the need to do so arises.” (MacKenzie, Tragic Problems With the (Un)Affordable Care Act). Although tax payers are legally obligated to finance federal programs such as the ACA, there are many who do not believe this is fiscally responsible. “Economist Laurence Kotlikoff estimates that average rates of taxation would have to rise 56% to cover projected increases in federal expenditures.” (MacKenzie, Tragic Problems With the (Un)Affordable Care Act).
In 2010, President Obama signed into law the Affordable Care Act in order to bring reform to the current healthcare system. The law was designed to provide healthcare coverage for people that did not have access to healthcare, improve the quality of the types of healthcare provided, and contain costs (HHS, 2014). Some of the features of the law are:
These include that the Affordable Care Act website was very difficult to manage when it first came out, many Americans and American business are having to deal with taxes, the American people have also had to deal with increased insurance premiums, you can be insured if you don’t have insurance even for a short period of time, and that many people have lost hours at work so their employers would not have to pay for the employees’ health insurance. With all these difficult problems stemming from the Affordable Care Act I believe we should get rid of the mandate and go back to old system of having people buy their own insurance if they want to and having business the option to provide
If the United States had unlimited funds, the appropriate response to such a high number of mentally ill Americans should naturally be to provide universal coverage that doesn’t discriminate between healthcare and mental healthcare. The United States doesn’t have unlimited funds to provide universal healthcare at this point, but the country does have the ability to stop coverage discrimination. A quarter of the 15.7 million Americans who received mental health care listed themselves as the main payer for the services, according to one survey that looked at those services from 2005 to 2009. 3 Separate research from the same agency found 45 percent of those not receiving mental health care listing cost as a barrier.3 President Obama and the advisors who helped construct The Affordable Care Act recognized the problem that confronts the mentally ill. Mental healthcare had to be more affordable and different measures had to be taken to help patients recover. Although The Affordable Care Act doesn’t provide mentally ill patients will universal coverage, the act has made substantial changes to the options available to them.
The Affordable Care Act (ACA) is a federal that was signed into law by President Barack Obama on March 23, 2010 to systematically improve, reform, and structure the healthcare system. The ACA’s ultimate goal is to promote the health outcomes of an individual by reducing costs. Previously known as the Patient Protection and Affordable Care Act, the ACA was established in order to increase the superiority, accessibility, and affordability of health insurance. President Obama has indicated the ACA is fully paid for and by staying under the original $900 billion dollar budget; it will be able to provide around 94% of Americans with coverage. In addition, the ACA has implemented that implemented that insurance companies can no longer deny c...
Taxes in relation to the new healthcare reform is a prominent topic when one examines the supporting and opposing sides of the law. New taxes on businesses producing medical equipment and new Medicare taxes on investments have been established. For individuals and businesses choosing not to participate in purchasing health insurance there will be a penalty called a "shared responsibility" tax. The accrued money from these taxes is being used, among other things, to provide low-cost insurance plans on the marketplace and to create subsidies for those purchasing the plans. Through these subsidies, "any individual making up to $45,960 or a family of four with household income up to $94,200 is eligible" ("Obamacare tax guide") to qualify and get assistance at the end of each year to off-set the cost of the insurance even more...
There is an ongoing debate on the topic of how to fix the health care system in America. Some believe that there should be a Single Payer system that ensures all health care costs are covered by the government, and the people that want a Public Option system believe that there should be no government interference with paying for individual’s health care costs. In 1993, President Bill Clinton introduced the Health Security Act. Its goal was to provide universal health care for America. There was a lot of controversy throughout the nation whether this Act was going in the right direction, and in 1994, the Act died. Since then there have been multiple other attempts to fix the health care situation, but those attempts have not succeeded. The Affordable Care Act was passed in the senate on December 24, 2009, and passed in the house on March 21, 2010. President Obama signed it into law on March 23 (Obamacare Facts). This indeed was a step forward to end the debate about health care, and began to establish the middle ground for people in America. In order for America to stay on track to rebuild the health care system, we need to keep going in the same direction and expand our horizons by keeping and adding on to the Affordable Care Act so every citizen is content.
As of 2014, all Americans are required to have healthcare insurance and there are many people who do not agree with paying for health care insurance. However, I believe that The Affordable Care Act should remain available and required for everyone who either does not think that they need it or if there are others who feel that they do need the care. There are so many benefits on receiving health care insurance as well as some downsides. The Affordable Care Act was signed and passed by President Obama on March 23, 2010. According to “FamiliesUSA”, three in ten adults were uninsured during 2012 and that is about 55 million people uninsured. (“New Results from National Health…”)
Less than a quarter of uninsured Americans believe the Affordable Care Act is a good idea. According to experts, more than 87 million Americans could lose their current health care plan under the Affordable Care Act. This seems to provide enough evidence that the Affordable Care Act is doing the exact opposite of what Democrats promised it would do. On the other hand, this law includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families. The Affordable Care Act has been widely discussed and debated, but remains widely misunderstood.
...ing in the U.S. The Affordable Care Act expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. I believe mandatory health coverage is a step in the right direction towards a future with universal health care. Although Obamacare may help americans to better afford quality health insurance, it is not a national healthcare program provided to the U.S citizens free of cost. The fact that citizens will be forced to purchase ObamaCare plans or be fined or penalized on their taxes for not doing so, further suggests that healthcare today is a priviledge not a right.
We are the wealthiest country yet we don’t have free universal health coverage. The insurance companies are attempting to manage cost through price controls and we’re still having to pay out of pocket for a lot of the expenses. Personally I think that The Obama Care (and the Affordable Care Act) will have little to no effect on me until maybe later in life because the insurance I have works great for me. I do have to meet my deductible every year, and it depends on which doctor I go to if I have a copay or
... Also important is the price of complements, or goods that are used together. When the price of gasoline rises, the demand for cars falls.