Next we will focus on the impact OBAMA care has had on the economy. The overall impact of OBAMA care has shown a positive impact on the economy, although there has been some downsides to it as well. First and foremost It doesn’t allow insurance companies to deny coverage or raise costs for pre-existing conditions. With this you remain on a plan that is cheap and affordable for the average American.It stops insurance companies from dropping you when you are sick. No longer can insurance companies drop you if you don 't have health care insurance and It expands free preventative services and health benefits. Also young adults can remain on their parents plan until age 26. That 's also one huge benefit is many young adults won 't have to worry about health insurance as they can remain on their parents plan until age 26. Another great benefit is It requires larger employers to insure their employees. So if you work at an employer with over 50 employees your employer must provide you with health insurance. Now that we know the benefits Obamacare has provided for the economy will now look at some statistics...
... middle of paper ...
...ng that regulations had to have been the cause and reasons for a lot of the problems and that it seem to be adding a lot more of these rules would only worsen the situation and prolong the chances of getting an outcome.
Companies such as Aetna Inc. (AET), Anthem Inc. (WLP), Cigna (CI), Humana Inc. (HUM) and United Health Inc. (UNH), are the top five biggest American health insurers in the United States and it has also outperformed the S&P 500 index in the course of over these few five years. The health insurance industry, with no doubt is not to far off of suffering, and even for example if it was, it can be said that as an american we could only expect to see a jump in a lot of these big named firms and company closing their doors and even looking around for some kind of profitable opportunities that would benefit them and the people that it is offered too.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- How Will the Affordable Care Act impact the United States economy It takes very little to disrupt the slow healing progress our nation has undertaken in the wake of the financial crisis of seven years ago. As President Barack Obama \has put it, by signing the Affordable Care Act into law, “everyone should have some basic security when it comes to their health care” (Stolberg, Sheryl Gay) . Something as influential as a universal health care bill is no exception to the scale. While many are concerned of the repercussions this will not only have on employment opportunities but also higher taxes, there is a flipped side to the Affordable Care Act.... [tags: U.S. economy, health care cost]
1341 words (3.8 pages)
- 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. Obama Care will hurt our economy and taxes will increase, resulting in a lesser income for most citizens.... [tags: Conflicts, Influence, Finances]
1969 words (5.6 pages)
- The Affordable Care Act better know has the Obama Care in my opinion is a slothful excuse for national health care .The initial motive of the bill is affordability and quality healthcare for private and public health insurance the 44 million uninsured.As well as to curb the growth in healthcare spending in the US.most citizens are unaware of the financial tolland future impact on the healthcare system.What really gets to me is how the bill is funded by making budget cuts to the medical system itself .... [tags: Healthcare, Insurance]
724 words (2.1 pages)
- Highlights of the Affordable Care Act (ACA) 2010 The Affordable Care Act (ACA) 2010 that was passed by President Barack Obama, is the 21st Century 's revival of Federalism (Porche, 2012). As a public health policy, the Affordable Care Act was the result of the combined “administrative decisions made by the legislative, executive, or judicial branches of government that define the courses of action affecting the health of a population” (Porche, 2012, p. 5-6). With the passage of the ACA, the Federal government in collaboration with the states, reformed the “healthcare system by giving more Americans access to quality, affordable health insurance” (Obama Care Facts, Summary, n.d.), and at the... [tags: Health care, United States, Barack Obama]
708 words (2 pages)
- The American health care system did not start out, nor was it created to the extent of the complexes and extremely expensive from its beginnings as it is today. However, many decisions often made for reasons having nothing to do with improving health care, shaped the health care system we have today (Emanuel, 2014). The lucrative impact of free health care to all and in recent years molded and restricted decisions are formulated and are impossible to sustain. Although we can utilize and insert a selected health provision which in diverse degrees does not fall in line due to the costs required as well as political and economic conditions.... [tags: Health care, Universal health care]
1181 words (3.4 pages)
- On March 23, 2010 President Barack Obama signed the Patient Protection and Affordable Care Act of 2010. Since then, the bill has been one of the most debated issues in recent history. Is this Act good for business. Is this Act Constitutional. Jason Sweatt, a certified public accountant at Elliot Davis states, “The Act has tax impact, directly or indirectly, on every American. This impact will unfold over the next seven to 10 years and we all need to pay attention so we don’t get hit with unexpected cost.” This Act immediately affects small businesses dramatically.... [tags: Argumentative, Persuasive]
1405 words (4 pages)
- An Argument for the Affordable Care Act President Obama’s initiative to ensure that every American has health insurance is one of the major topics being fiercely contested in the political arena today. Proponents of this bill cite that the high cost of health care in the United States is unjust and that affordable healthcare needs to be accessible to every member of society. Opponents of this bill believe that the Act is unconstitutional because it is in violation of a person’s civil liberties.... [tags: Health care, Medicine, Health economics]
2196 words (6.3 pages)
- This paper will explore the history of the health care industry and the challenges that it has faced over the several decades and the factors of any future changes and challenges that the country will have to overcome. Improving health care in the United States shall only get better with stronger leaders and new strategies. The United States currently is and has been facing many challenges in the health industry. There is not a single sector of the health care industry that has not been affected.... [tags: Health care, Health economics, Health insurance]
1027 words (2.9 pages)
- One of the biggest events that have happened in our recent history in the health care system was the enacting of the Affordable Care Act (PPACA) in March of 2010 into law (Houle & Fleece, 2011; Niles, 2014). This was the most all-inclusive reformed legislation “passed in American history” (Houle & Fleece, 2011, p. 33). This law was intended to enhance the availability of reasonably priced healthcare (Niles, 2014). And in turn decrease the amount of people in the United States who are without medical insurance.... [tags: Health economics, Health care, Health insurance]
1021 words (2.9 pages)
- Hillary Clintons goal as President is to create more jobs for the working class. She also wants to make some tax cuts for the middle class, but also keep around Obama Care for the lower class. Clinton would like to strengthen Obama Care for the lower class. If she is elected she would like to see the economy grow in such a rate never seen before. She would also like to raise the minimum wage. She wants people within the lower class and middle class to have good paying jobs. She would like them to eventually be able to move up in class ().... [tags: Working class, Social class, Middle class, Wage]
723 words (2.1 pages)
- Interprofessional Collaboration And How Interprofessional Care And Collaborative Working Impacts On Providing An Effective Service
- Feminism And The First Wave Movement
- Should Undocumented Immigrants Be Legalized?
- Beauty Is Not For Young And Healthy
- The Black Lives Matter Is Not An Anti White
- The Effects Of Alcohol On The Nervous System