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The cons of PPACA include an eventual increase in the cost of healthcare because of the increase in the number of individuals receiving preventative care. This is based on a study done by the Congressional Budget Office in 2009, which concluded this increase "will lead to higher net medical spending" (Amadeo). The increased number of benefits actually causes the cost curve to rise (Tate 122,123). PPACA will impose a tax on those individuals that do not have insurance by the deadline in 2014, and the tax will increase each year (Amadeo). PPACA also requires insurance plans to cover ten specific health concerns or it fails to meet their criteria (Amadeo).
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I do not believe our country is ready for PPACA at this time. The demand is definitely there as healthcare is both a consumer and producer of goods (Stone 82). Government intervention in this case is proving to negatively affect the healthcare market (McCormack). Millions of Americans have lost their insurance plans, their cost has increased and the quality of care is decreasing (McCormack). Waivers have been given to "unions and businesses" because of the apparent increase in cost but not to individuals (Tate 125). PPACA is projected to cost over a trillion dollars over the next ten years and our national debt continues to rise (Tate 187). No one can know for sure what will happen, but I believe PPACA will only burden Americans more financially
Amadeo, Kimberly. "Obamacare Pros and Cons." About.com. U S Economy, n.d. Web. 18 Nov. 2013.
McCormack, John. "Millions of Americans Are Losing Their Health Plans Because of Obamacare." Weeklystandard.com. The Weekly Standard, n.d. Web. 18 Nov. 2013.
Roff, Peter. "Pelosi: Pass Health Reform So You Can Find Out What's In It." USnews.com. US News & World Report, n.d. Web 18. Nov. 2013.
Stone, Gerald W. Core Macroeconomics. 2nd ed. New York: Worth Publishers, 2008. Print.
Tate, Nick J. ObamaCare Survival Guide. West Palm Beach: Humanix, 2013. Print.