Essay On Affordable Care Act

Departing from the consumer advocacy group’s stance, I do believe that there should be changes and the recommendations should reflect that. Although the Affordable Care Act has had positive effects on the healthcare industry, bringing millions of consumers to the industry, it is severely flawed. The key predictions of the plan fell short, leading to problems that can only be solved with significant reform or repeal. Moreover, regulations that came alongside the plan are either too lenient or strict, leading to many more issues as well. Without a strong proposition from the congress and the sub-committee, the plan will continue to dig a hole until it is doomed to fail.

Before discussions reforms, it is important to consider the ethics

Firstly, the tax on those who opt out must be raised. One of the key problems for the failure of the Affordable Care Act is that not enough young and healthy people opted in. In order for an insurance company to be successful, a large group of people must contribute while not utilizing the benefits. A lack of healthy customers has led many companies spending nearly all of the pool per year, with an average of 92% usage. If the tax is increased to at least the price of insurance, many more will choose to opt in, leading to a larger pool and more success. Another reform that must be made is raising the limit of full time employee equivalents that defines a business as small. A significant amount of small business have been choked out by being forced to pay high premiums for their employees. If this limit is raised by even 50, a large amount of businesses will have room to grow until they can actually afford it. It is also important that SHOP is not only raised to whatever a small business will be designated as, but also the amount of benefits should be increased too. This would not only lead to more people being covered, but also an increase in the pool of money insurance requires. One other reform that should be included is a safety net for Obamacare. For example, if one can no longer afford their premium, they should automatically be covered under Medicaid until they are able to pay for initial premium again. This would protect citizens who were recently fired or faced economic hardship. It is necessary to provide these people with health insurance, especially if the lack of healthcare tax is increased. One final reform is that coverage should be increased to more expensive procedures and drugs. While the current coverage was greatly expanded in order to promote preventative care, it does not include enough procedures. Human life is important enough that any amount of money