Obamacare or the Affordable Care Act was signed into law in 2010 by President Obama. There are many changes that will and are happening because of this law. Citizens cannot be turned down for coverage because of preexisting conditions, and everyone is required by law to have health insurance coverage. Those citizens who cannot afford coverage will be able to get assistance paying for it unless they are under the poverty level. Those citizens will be able to get Medicaid if their state expands coverage. One significant change will come with the development of care homes, and a move to home based care for chronically ill. Prevention of chronic illness and improving health programs/coverages will be implemented to prevent disease early before it becomes expensive. One part of the law focuses on the health care workers because we do not have enough workers to take care of everyone. Specialists who treat some diseases will be eliminated, while focus is being placed on primary care. Generic drugs …show more content…
Obamacare is a competitor to the market because it can provide high quality health care at low costs, but at what costs. Health care costs are rising, but the health care industry is a profitable medical industry. This can help with the economic growth in the United States. Insurance companies, pharmaceutical companies, and health care providers are part of the same sector of the capitalist economy. The threat that the Affordable Care Act poses to insurance companies is and should be perceived as a threat to institutions that provide medical care for profit. If you eliminate the insurance companies, cutting/controlling health care costs will be the next step, but at what costs. If we are restricted because we must be competitive with pricing, how can we protect and serve our patients. This not only hurts our patients, but our economy will be damaged as