Executive Summary Name Date Back in 2010, President Obama and Congress passed Affordable Care Act commonly known as Obamacare. The intention of this act was good since it aimed to ensure all Americans were able to access health insurance. Most importantly, the act aimed at reducing the cost of healthcare. That would scale down the increasing cost of Medicaid and Medicare since these two programs were threatening to take over the whole federal budget. As much as the intention of Obamacare was good, Obamacare had placed politics above patients thus failing to protect the well-being and health of Americans. To find a solution it is important to assess the alternative of Obamacare, and if it is viable, it should be embraced since it is estimated that by 2050 31 million people will be not be covered by the Obamacare. It is important for Americans to evaluate where they have gone wrong with their medical care by learning from countries which have a medical success plan like Canada and the many of the European nation, for instance, the United Kingdom that has successfully used variations of the single-payer system. Reason Why Obamacare Is in A Mess Obamacare is in a mess because it flunked human nature 101 and economics 101. It straitjacketed insurers to provide overly expensive, soup to nuts policies. The …show more content…
HSAs could be used for out of pocket vision, dental and medical. HSAs cannot be used to pay to be used to pay premiums. Hsiao, Cheng, & Yip, 2016 observed “HSA’s is used with High Deductible Health Plans” that count as “Minimum Essential Coverage (MEC).” Hsiao et al. 2016 highlighted that people should know that not every high deductible plan is compatible with HSA so it is crucial for individuals to double check with the particulars before signing for annual healthcare