Our nation is heading for a serious change in ways of operating due to the passing of Obama Care. Some believe that universal health care is the answer to many people’s plights. By making health care universal, our government feels that it will allow Americans to be healthy. However, there is a price to pay for health care. Most small businesses and citizens will have to pay for insurance regardless of income, and if not paid they will face penalties.
23 Mar. 2014. Fahmy, S. McKinley, C. Filer, C. Wright, P. Pulling the Plug on Grandma: Obama’s Health Care Pitch, Media Coverage & Public Opinion Advances in Journalism and Communication September, 2013. Vol.1, No.3, 19-25
This insurance was to ease the healthcare problem and create a happy scenario for both the doctors and patient, which employers added health to employment packages to boost labor due to shortage after the Second World War. Soon, other private insurance companies were entering the market, thereby creating competition as costs were determined by several factors leaving the sick ones out and insuring healthy people. Problems of healthcare were compounded because even though some employers included health care benefits that, it expired after they retired. While the poor, self-employed or those working for employers unable to provide insurance had no health insurance. These problems had to be addressed in an efficiently and not only temporarily, but for the future.
Under the government plan, businesses would be required to pay a fee for subsidizing insurance, or they would be required to supply mandatory healthcare for employees. If mandatory healthcare laws were required, it would raise the cost of hiring new employees and would possibly limit employers from hiring new prospects. Every American would be required to buy insurance based on the government’s idea of “acceptable insurance.” Even if people were happy with their current insurance, they could be forced to change policies if their current insurance policies do not meet the government’s “acceptable” standards. This could put Medicare in competition with private insurance companies. People would be able to choose taxpayer-subsidized plans or private insurance, but subsidies and cost-shifting would make the government plans ultimately have more appeal.
This amount would regress down to 90% by 2020. Additionally, fee-for-service Medicaid payments will increase to 100% Medicare payment rates in 2013 and 2014. With this provision, states are required to maintain income eligibility levels with regards to Children’s Health Insurance Program (CHIP) until 2019. Starting 2015, there will be a 23 percentage point increase that states receive for the CHIP match rate. Those who cannot enroll in CHIP because of enrollment caps can receive tax credits.
(2013, September). Obama Care: know your rates. Retrieved October 29, 2013, from Manhattan Institute for Policy Research: http://www.manhattan-institute.org/knowyourrates/ The White House. (2013, November 07). Get the facts straight on Health Reform.
Healthcare has been a topic of discussion with the majority of the country. Issues with insurance coverage, rising costs, limited options to gain coverage, and the quality of healthcare have become concerns for law makers, healthcare providers and the general public. Some of those concerns were alleviated with the passing of the Affordable Care Act, but new concerns have developed with problems that have occurred in the implementation of the new law. The main concerns of the country are if the Affordable Care Act will be able to overcome the issues that plagued the old healthcare system, the cost of the program, and how will the new law affect the quality of the health delivery system. In 2010, President Obama signed into law the Affordable Care Act in order to bring reform to the current healthcare system.