LEARN MORE...

Home
Documents
February 2012
3
Obamacare act

Obamacare act

Content type

User Generated

Uploaded By

fvzb

Pages

Showing Page:

1/7

Surname 1

Name

Instructor’s Name

Course

Date

Economic Impact of Obamacare

Over the past 20 years or so, America’s health care system has been in need of change

because of increased health issues among Americans. However, these are not the kind of changes

required to be enacted under the health care law because of America’s economy. The Patient

Protection and Affordable Care Act “The Obamacare” has been praised to be one of the most

considerable pieces of social legislation. Since the late 1960’s, the health care system of America

have been having more than a few issues such as employment. However, the Obamacare is one

of the polarizing issues in the current history. Debate over Obamacare has been one of the

serious issues discussed in the modern healthcare system in America. Based on research, it is

clear that there are those in support of the Obamacare while others are not. In general,

Obamacare asserts federal power or control over health care financing and benefits. Also, the

Obamacare centralizes America’s healthcare choices in Washington and other few states in

America. This paper will review Obamacare and its effect on the economy and also discuss the

substitutes that would get America’s financial system progressing.

Since the Obamacare was enacted everyone in America had a different opinion based on

the law. Clearly, a huge number of Americans harbored negative views about health law than the

ones supporting it. The main concern was how the Affordable Care Act was to affect the

Showing Page:

2/7

Surname 2

financials system. When the Affordable Care Act was being debated, people expected to see the

pandemic of unsteadiness. The law was criticized for its many benefits to the healthcare system.

The current administration of America argued that the law would improve the health care system

of America by eliminating health issues through cutting of healthcare costs. In general, the

Obamacare was expected to reduce figure of the uninsured people. However, according to

healthcare research carried out, it was evident that approximately seven million people lost their

coverage and approximately have gained health insurance as a result of the Obamacare. This is

an impact that will gradually develop and more questions will be directed to the new law

(Haveman, Jon and Micah 123).

It is clear that America is among the few states affected by several things. Obamacare is

one of the major factors that affect the financial system of the state. Obama care states that

employers with approximately 50 or more worker that work 30 hours should be covered by a

permitted health insurance policy. This means that people who own businesses will have an

additional cost as a result of Obamacare. This means that a good number of these employers will

have difficulties in bearing the costs. Also, most employers will reduce the number of hours

worked by their employees in order to avoid the Obamacare rule. In addition, most employees

will lose their jobs because the employers cannot manage their needs. Conversely, companies

will also be forced to increase the price of their products in order to meet the demands of their

employees. Therefore, it is clear that the Obamacare will cause uncertainty among business

owners, a factor that can badly affect businesses (Haveman, Jon and Micah 232).

Assumptions made by a Congressional Budget Office (CBO) states that the Obamacare

will result to two million fewer employees. In general, approximately 2 million Americans will

stop working, stop looking for jobs, or reduce their working hours as a result of the health care

Showing Page:

3/7

End of Preview - Want to read all 7 pages?

Access Now

Unformatted Attachment Preview

Name Instructor’s Name Course Date Economic Impact of Obamacare Over the past 20 years or so, America’s health care system has been in need of change because of increased health issues among Americans. However, these are not the kind of changes required to be enacted under the health care law because of America’s economy. The Patient Protection and Affordable Care Act “The Obamacare” has been praised to be one of the most considerable pieces of social legislation. Since the late 1960’s, the health care system of America have been having more than a few issues such as employment. However, the Obamacare is one of the polarizing issues in the current history. Debate over Obamacare has been one of the serious issues discussed in the modern healthcare system in America. Based on research, it is clear that there are those in support of the Obamacare while others are not. In general, Obamacare asserts federal power or control over health care financing and benefits. Also, the Obamacare centralizes America’s healthcare choices in Washington and other few states in America. This paper will review Obamacare and its effect on the economy and also discuss the substitutes that would get America’s financial system progressing. Since the Obamacare was enacted everyone in America had a different opinion based on the law. Clearly, a huge number of Americans harbored negative views about health law than the ones supporting it. The main concern was how the Affordable C ...
Purchase document to see full attachment