To make matters worse the stagnant economy means that more people are requiring assistance. In most cases, different demographics of consumers are unable to afford health care coverage. This is because of the abusive practices that are used by the insurance industry to maximize their profit margins (i.e. The denial of preexisting conditions). To make matters worse insurance premiums are increasing exponentially in order to keep up with rising costs.
The Affordable Care Act is designed to address these abuses and ensure that the public has the support they need in this area. This is following the basic model of having the federal government establish and regulate the marketplace. While at the same time, the individual must share their responsibility for these costs. This is taking a neutral perspective when dealing with these problems.
However, given the current fiscal challenges facing the federal government; means that there will be added pressures to reduce spending in these areas. This is because Medicare and Medicaid are accounting for two of the largest segments of the budget. If there was a decrease in funding, it is believed that this will force everyone to have greater amounts of personal responsibility.
To pay for this and other programs, the President believes that the wealthy should be taxed at higher marginal rates. Moreover, he thinks that there must be responsible cuts which will not hurt the services everyone is receiving. Based upon the research that was conducted, it is clear that the White House will prevail in these areas. The reasons why are, they have greater political cover (against a government shutdown) and Obama was clearly reelected. (Rosenberg, 2012)
These two factors mean...
Affordable Care Act Legal Studies 101 Commerce Clause and the Affordable Care Act The Affordable Care Act (ACA) of 2010 was signed into law on March 23, 2010 and a number of provisions have already gone into effect and still others are scheduled to be implemented over the next four years (Henry J. Kaiser Family Foundation sec. 2). Probably the most controversial provision is the requirement that Americans who chose not to purchase
Affordable Healthcare Act (ObamaCare) The main objective of the federal government is to offer an affordable healthcare services and products to the citizens. Health is one of the development indicators in relation to the condition of the economy. In the process of enhancing the healthcare services within the United States, the government and the congress sought to adopt and implement an effective healthcare plan towards the achievement of the societal goals.
The Affordable Care Act means that health coverage will be required for almost every American and will be partially subsidized. However, it will not change the employer-centric, private-insurer-based system of financing and coverage. Demand for care will increase significantly and rapidly, but the underlying issues that created the need for a safety net in the first place will not be solved in the near future. Feldstein (2005) argues that if
Affordable Care Act (ACA) is a new health insurance reform associated with direct advantages besides the minimal drawbacks. One advantage of this reform relates to health care intensity and quality. As a result, the cost of health care services differs according to providers in different geographic locations. Consistency could be achieved, health care quality improved, and costs minimized if providers practice consistent with best practice standards. If this is done,
"Twenty-one State Attorneys General have filed suits to protect their citizens from being forced, in violation of the Constitution, to purchase government-approved health insurance" (Obamacare: Impact on States 4). Doctors are drastically being cut out of profit through Obamacare. As a result, "Nearly two-thirds of doctors are considering abandoning any kind of government-sponsored health care insurance, stating that regulations are too high and reimbursement too low" (Obamacare Facts 1). "Obamacare expands
Affordable Care Act (ACA) • Differentiate between at least three groups of stakeholders impacted by the ACA. Obamacare or the ACA (Affordable Care Act) was primarily designed and put into effect in the year 2010 with an objective of offering better healthcare insurance coverage for the American people and minimize the heavy costs incurred by the American people to access healthcare (Thompson, 2014). Although ACA has achieved sizeable success in coverage there
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