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Affordable Care Act Pros And Cons

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Affordable Care Act The issue of Health care reform and the future sustainability of our health care system— for those in public programs, those with employer-sponsored coverage, or those who continue to be uninsured— is one of the most controversial and complex moral and fiscal public policy problems we face as a nation.
The Affordable care act limits patient choice through expansive federal regulation of the insurance market, government interference in the decisions patients make with their doctors and increased dependence on government health programs. The ACA is becoming unaffordable for many individuals. Some of the rising expenses include increasing deductibles to compensate for the cost sharing fees, the rising price of the insurance, and the limited doctors that accept the limited insurance. ACA increased taxes on individuals and business to compensate for Obamacare in order to regulate government spending.
Taxes and the Affordable Care Act …show more content…

First, tax revenues throughout the law help mitigate the cost of the coverage expansion through the health insurance exchanges and Medicaid expansion. Second, the individual mandate requires individuals to purchase coverage with some exceptions or face a penalty. ACA included a number of taxes and fees, mainly on the health care industry, but also on some individuals, in order to help offset the cost of the ACA’s coverage expansion and even to reduce the deficit. The law includes approximately fifteen changes in tax policies. There are new tax laws and fees that are affecting insurance companies, pharmaceutical manufacturers, and medical device manufacturers. Individuals can also be highly impacted if they are high

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The Affordable Care Act, commonly known as Obamacare, provides more rights and protections and expand access to affordable quality healthcare to tens of millions of uninsured people. The act requires all Americans to purchase a plan, or pay a tax penalty on their federal income taxes. If you cannot afford The Affordable Care Act then you are most likely eligible for Medicare or Medicaid. The Affordable Care Act is paid with our taxes, budget cuts and government funding.

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The Affordable Care Act The Affordable Care Act is a bill intended to increase the quality of health insurance and lower the costs that Democrats proclaimed would help everyone in the nation, regardless of their ability to pay and regardless of any preexisting condition they might have. Additionally reducing the number of people in the United States not covered by any health care insurance. The Affordable Care Act is the most comprehensive reform to the health care system since the implementation of Medicare and Medicaid in the 1960s. More than 190 years before that, when creating the Constitution, the founders of the United States worked hard creating a system of checks and balances as one of the most important principle aspects of Government.

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Many think this will mainly benefit you if you are healthy. People have the option to purchase a lower more cost effective plan but in the situation you become sick then you might exceed the limit of your plan (1). Also, there is speculation that health care cost will rise at a faster pace than under the previous Obamacare. Of course there are other ideas on how to address the Affordable Care Act. Senators Graham and Cassidy would like to use the federal Medicaid funding and insurance subsidies to state block grants, allowing the state to design their own health care programs(1).

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Many experts, such as Johnathan Cohn of the Huffington Post, suggest that premiums would be lower without the Affordable Care Act. To start off, he explains that Obamacare is not just one huge program; There are 51 different healthcare programs, one for each state, including the District of Columbia. In some of these states insurers are not attracting enough healthy people to offset the costs of the sick, which explains why in most states the premiums are so high. Along with that, some states only have one or two insurance providers, while other states have multiple. If there is only one insurance provided, then they can raise their prices as high as they want.

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Affordable Care Act Pros And Cons

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Affordable Care Act, (ACA) also nicknamed “Obamacare,” is a United States federal statute enacted by the 111th Unites States Congress and signed into law by former President Obama on March 23rd 2010. It represents the U.S healthcare systems most significantly regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965. (NCBI)The Affordable Care Act offers essential benefits that range from covering hospitalizations to mental health care to prescription drugs. A primary goal of it was to make sure all Americans or nearly all obtained health insurance. It created insurance exchanges for those seeking individual coverage and expanded Medicaid for low-income adults.

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Also is is closing the gap in drug coverage, meaning when the deductible is met which is 4,900$, you no longer have to pay for the remaining prescription drugs you need. Since the enactment 11 million people have saved more than 2,100$ on average with prescription drugs. But one downfall is that obamacare does mean higher costs for more affluent beneficiaries. But, the law froze the threshold for the premium surcharge, which is 85,000 for individuals, and 170,000 for couples, so more people have become subject to it. Also obamacare added a premium surcharge on drug coverage for higher- income enrollees.

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The Affordable Care Act is a United States Healthcare reform law that expands and improves access to care and curbs spending through regulations and taxes according to ObamacareFacts. This law was created to eliminate the social injustice of insurance companies denying insurance coverage to people with life threatening diseases and to make healthcare more affordable for those who cannot afford it currently. Although the Affordable Care Act has allowed many people to have access to healthcare that once couldn’t before, the ACA has negatively affected small businesses and the working class by increasing premiums and periodic payments. Small businesses got the short end of the stick when it came to Healthcare. They are being forced to pay more to provide their employees with healthcare insurance.

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With this statement, Rush Limbaugh sums up the Affordable Care Act, which was signed into law on March 23rd, 2010. The Affordable Care Act, or Obamacare, is a major overhaul of the national healthcare system, because it’s supposed to give health insurance to 32 million uninsured Americans by 2019 (Thomma, Steven). However, it needs to be repealed because it is simply an aggressive declaration of government power, and its financial burden

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For example, there are about 21 new taxes to cover the cost of Obamacare. Small and large businesses must offer affordable insurance for their employees or they will be penalized. This can cause millions of uninsured employees because some businesses are not going to able to afford the cost of insurance premiums. These people will be required to get insurance through the government if their company is not able to offer coverage. Also, now that everyone has insurance, people will go to the hospital and doctor more.

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The Affordable Care Act is essentially an act that was signed on March 23, 2010, by President Obama in hopes that it would provide U.S. citizens with affordable and better quality health insurance, and also regulating and reducing health care expenses in the U.S. Prior to the act being signed into law, there were many unsettling things that health insurance companies could do without repercussion, for example, insurance companies where able to deny coverage to a person because of past illnesses, get dropped for making a mistake on application, and also be charged more or less based on your sex. With the passing of the ACA, many of these problems disappeared but some other problems became prevalent. There are many benefits that the ACA brought to the table for example, No annual or lifetime limits on healthcare. Before ACA there where

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The Affordable Care Act, otherwise known as “Obama Care” was signed into law by Barack Obama on March 23rd, 2010. Since the first proposal of the act, many citizens and taxpayers have been skeptical about the bill as many argued it would put a burden on taxpayers; while others were enthused by the idea of universal health care. However, the act is beneficial to those without health insurance as it subsidizes the price of prescription drugs and individuals may receive health insurance regardless if they have a pre-existing condition or not. Contrary to the benefits, problems that have arisen are the burden of high deductibles for recipients. In order to fix these problems, American’s must pay higher taxes in order to keep the program alive,

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