This is because individuals, especially those with families, view a health plan as an essential hedge against risk of catastrophic illness or injury. The public option will cap the price of insurance, so that buyers are no longer price takers above that point. This will force the private insurers to control costs or offer more coverage in order to attract customers. Corporations may forgo private insurance altogether if the cost is higher than the tax they would pay -- again either forcing the insurers to lower prices and/or control their costs.
Another intended outcome is that with greater influence over health care costs via their insurance program, the federal government will be able to lower or at least slow the rate of growth of those costs. This capability would come from increased bargaining power over health care providers and drug companies. Medicare, it has been pointed out, pays less to providers than do insurance companies (Krugman, 2009). This outcome would likely hold.
An unintended consequence may be the improvement of U.S. competitiveness in business. The public option would allow companies to shift their employees to the government plan. This would lower their cost of health care. They could increase wages somewhat, lower prices and be able to retain more jobs. More employers could remain in the U.S. instead of offshoring jobs. Workers would have more freedom to switch jobs. At present many workers are being underutilized because they are afraid to leave their jobs because they would lose their insurance. The economy would gain a boost that would offset much of the GDP decline that would occur from...
S. presidents since 1900 are of special interest to you for their policy formulation and implementation? Discuss your answer giving examples from their Administrations. Franklin Delano Roosevelt transformed modern American public policy. His New Deal alleviated the crisis of confidence in American government that occurred after the Great Depression. Roosevelt created the first safety net for Americans, in the form of Social Security and unemployment insurance. His public works programs stimulated
public policy directly affects local government area organization located. You select a policy affects,, local government area work located. (I work Orlando, Fl). The private sector affected federal, state, local policies. Public policy: Healthcare in Orlando, Florida Public policy is a government's attempt to address a problem that affects the public or to improve citizens' lives through legislation. One example of public policy on a federal level is that of the
While people who work with these kinds of issues can present their best guesses, they cannot actually provide proof that the Obama Administration's health care plan is good or bad, or how much it will cost. The 'if only' propositions that are in much of the plan tend to make statisticians and fact-checkers nervous, simply because of the nature of these kinds of propositions -- they rely on the
CHIP: To Abolish or Not to Abolish The State Children Health Insurance Plan (SCHIP), commonly referred to as CHIP (Children's Health Insurance Plan), is an insurance plan run by the Department of Health and Human Services, and which administers funds to states to enable them provide quality insurance coverage to eligible children within their jurisdictions. To be eligible for CHIP, a child needs to be from a family whose level of
Public Policy: President Obama's foreign policy towards Russia has attracted huge concern among policymakers and the public in light of recent events in Ukraine. Russia's aggression has challenged the administration's foreign policy since it is in the process of gulping up the Ukraine one step at a time with very minimal cost and less risk. Obama's foreign policy towards Russia has been accused of enabling the gradual acquisition of Ukraine rather
Public Policy Assessment Homelessness is a public policy issue that is relevant for almost every community, especially within the veteran community, where there is a general appreciation that individuals who have served their country should be looked after. The development of policies to improve a situation can be complex with many different influences and concerns various stakeholders. The use of a decision making model that breaks down the process into its
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