NO TOPIC SO FAR - Essay Example

Comments (0) Cite this document
Concerns have been raised about the ever-rising cost of healthcare and the effectiveness of the law in addressing the problem. A…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
Read TextPreview

Extract of sample "NO TOPIC SO FAR"

Affordable Care Act and Economic Growth The economic impact of the Affordable Care Act is an issue that has been discussed by many economists and health professionals in the United States. Concerns have been raised about the ever-rising cost of healthcare and the effectiveness of the law in addressing the problem. A report developed by CBO (Congressional Budget Office) shows that the Obamacare sets a poverty trap that has a negative effect on economic growth.
According to Keith Hall, dynamic scoring has a significant impact on the work done by the CBO (Jacobs). Dynamic scoring is influenced by the overall government spending and tax cuts. The Director of CBO gave a detailed testimony to outline how many government programs can impede economic growth by increasing the marginal tax rate. An increase in the marginal tax rate affects the amount of the money that households can use for savings and investments. The effect of low savings and investments is slow economic growth.
The impact of increasing marginal tax rates can be explained using a case example of a single mother who makes approximately $20,000 in a year. The mother will be forced to pay an additional 15 cents as a tax because of the income raise (Jacobs). Furthermore, her eligibility to support programs like food stamps, Earned Income Credit tax, and Medicaid can be eliminated or slightly reduced. The situation creates a poverty trap for an average modest family in America. The CBO estimates the Obamacare law will discourage work and lead to increased rate of unemployment.
The effect of the Obamacare law on employment is clarified by Patton in his Forbes article “Is Obamacare an Economic Disaster?” According to Patton, the heavy demands placed on employers by the law will prompt them to cut down the number of employees (Patton). They have to consider firing some employees for them to afford paying the cost of healthcare. Employers can also reduce the number of hours covered by employees to avoid increasing the cost by paying health insurance. It would also increase the price of products and services to cover the additional cost of providing health insurance. All these actions result in loss of income for many families. It reduces the amount of money available for saving and investments. Some people might lack the mean to take care of their families.
Reducing the number of hours worked, increasing operating costs and loss of employees creates a business environment that makes forecasting impossible. Therefore, businesses will fear to invest and save. They would cut on additional workers and find ways to weather the storm of low sales due to low income. The negative impact of Affordable Care Act on economic growth can affect the competitive nature of American companies in the global market. It increases the operating costs, which will make it difficult for American corporations to sell products and services at competitive prices.
The implementation of Obamacare should be done with caution if anything explained by both CBO and Patton can happen. A poverty trap would only widen the gap between the rich and the poor. It does not help the nation to grow.
Works Cited
Jacobs, Chris. CBO Dynamic Scoring: How Obamacare’s ‘Poverty Trap’ Impedes Economic Growth. 11 June 2015. Web. 23 June 2015. .
Patton, Mike. Is Obamacare An Economic Disaster? 2014 February 2014. Web. 23 June 2015. Read More
Cite this document
  • APA
  • MLA
(“NO TOPIC SO FAR Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from
(NO TOPIC SO FAR Essay Example | Topics and Well Written Essays - 500 Words)
“NO TOPIC SO FAR Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Movie Far From Heaven

...? FILM REVIEW: Far From Heaven: Todd Hynes. Far From Heaven is a period film by Todd Hynes, taking the viewer into the tabulations in the family as well as the lives of the people in the bourgeois society of the fifties. The normalcy of life of the days of the American dream seems to be very fragile as the society hides a lot of undercurrents with in. Like any other period film this film also forces the viewer to reflect on present social realities. One sees that though things have changed statistically, the under currents remain the same. The film is considered to be a tribute to the great master of Hollywood melodrama, Douglas Sirk. The period films not only remind one of a period past , of which one...
1 Pages(250 words)Book Report/Review

Reflection Paper - 10 Principles learned so far

...?Reflection Paper on the 10 Principles Learned So Far Narrative I have understood narrative essays through the story en d “Perfect Picture” written by James Alexander Thom. The approach used was basically telling the story of a horrific accident where the grandfather’s vehicle inadvertently ran over his granddaughter who, he did not know, was on the driveway, that eventually killed her. The details and the clearly structured sequence of events that depict incident were so vivid, effectively illustrating the scenes, the emotions felt, the commotion, and even the respect accorded by the author, who was the narrator and the police officer supposedly tasked to take a ‘perfect picture’ to...
2 Pages(500 words)Essay

Mexican History: So Far From God

...? So Far From God Ana Castillo’s So Far From God is a heavily symbolic tale of a remarkable Chicana mother, Sofi, surviving the death of her four daughters ? Esperanza (Hope), Caridad (Charity), Fe (Faith), and La Loca (The Crazy One). While the names of the first three daughters represent the three foremost Christian ideologies, the fate of these characters is the direct opposite of the embodiment of each ideology. The story tells about life, death, sexuality and the link between two worlds: the world of the living and the spiritual kingdom. Each of Sofi’s four fated daughters takes a different route (Gannon). The first child, Esperanza, is the most successful and liberated daughter, and a devotee to the Chicano movement... ” and the...
6 Pages(1500 words)Essay

So Far From God

...? Running head: So Far From God by Ana Castillo So Far From God by Ana Castillo In her work – So Far From God, Castillo brings outa rich cultural mix of lives, stories and experiences, all interwoven in a narrative about a Chicano family that is settled in the little town of Tome, situated in New Mexico. It is based on Sofi, her husband Domingo and their four daughters who are Fe, Esperanza, Caridad and Loca, who being the youngest, is also epileptic. Other characters abound including the psychic surgeon, the healer, Francisco el Penitente (El Franky), and Do’ a Felicia, among a host of others. The author, Castillo, in her major works...
6 Pages(1500 words)Book Report/Review

FAR Default and Dispute

...?Law College: FAR, Default and Dispute Federal Acquisition Regulation (FAR) is a principle set of rules and regulations that are applied by the federal government of the United States to align the acquisition process and to settle disputes that may arise between the government and contractors. The government engages in contracts to accomplish procurement requirements. These regulations were started to streamline the government purchases of goods and services by ensuring that the process of procurement is flawless and economical to for effective government budget utilization. Despite the establishment of these laws, it is common that disputes arise in the process contracting leading to termination of...
7 Pages(1750 words)Research Paper

So Far from God by Ana Castillo] Gender Relationships in So Far from God by Ana Castillo The Chicana novel has taken on topics regarded as taboo in Latino culture: physical and sexual abuse, and heterosexual and lesbian sexuality. This new talk is rebellious and subversive especially to practices of Chicano/Latino culture where the male is the family head. So Far from God by Ana Castillo, for example, incites rebellion against the standards and values held by this society. One of the major themes in this novel is the idea of a woman's role in society. Traditionally, Hispanic women are taught to serve three people: father, husband, and child. These roles can be restricting,...
3 Pages(750 words)Book Report/Review

It's a Research Proposal Paper so any topic you wish

... The Role of Internet Advertizing In Shaping Purchasing Behaviors in Hong Kong Background of the study The internet has grown into a crucial source of information for the entire population. In response to this trend, and the growing influence of the internet, advertisers and marketers found it a useful tool to reach target consumers (Faber, Lee & Nan 447-450). Due to the integrated nature of the role of the internet in marketing, the effectiveness of online advertising has remained an issue of debate among consumers, scholars and advertisers (Wang & Sun 33-334). Aims and objectives of study The aim of this inquiry is to examine the role of internet advertising on the purchasing behavior of consumers at Hong Kong. Study objectives...
1 Pages(250 words)Research Proposal

How has the United States Affected me so far

... [Teacher’s The culture difference ad diversity that exists in the world is a big part of what makes humanity so special and unique. An individual living in a foreign land can feel as though he is in another planet due to the different lifestyles and customs (Fiske, 22). The United States of America is one of the most culturally diverse nations in the world and for this reason it has more freedom and more tolerance than other nations. Living in the United States has greatly influenced me as a person in terms of my opinions as well as relations to others. I’m originally from Kazakhstan which is an Islamic country with very strict morals and rules. For example, parents play a more vital and dominant role in a child’s life... and are...
2 Pages(500 words)Essay

Why did the 2007 financial crisis spread so quickly and so far

...Why did the 2007 financial crisis spread so quickly and so far? Why did the 2007 financial crisis spread so quickly and so far? The financial crisis in 2007 occurred for two years and is commonly referred to as the Global Financial Crisis. It was the most catastrophic financial stress as it affected many financial institutions including banks, which had to be bailed out through monetary policy expansion by the national governments. However, the efforts were not strong enough to save stock markets, which continued to deteriorate all over the world. The financial crisis left many people homeless globally due to evictions catalyzed by the...
6 Pages(1500 words)Essay

I give you Topics so select one topic

...of the Psychology of the Concerned 12 May TOPIC 6 Provide several arguments of lines of evidence to support the ment that unhealthy lifestyle and stress are Americas number one killer. It is a fact that stress, combined with unhealthy lifestyle is the leading causes of disease and death in the nation. The number of Americans required to grapple with stress on a regular basis is incrementally on the rise every year. This rising propensity for stress when combined with unhealthy lifestyles could have debilitating consequences for the life and health of the people. More and more number of adults is reporting that they are experiencing increasing magnitudes of stress. Almost 39 percent of Americans responded that their...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic NO TOPIC SO FAR for FREE!

Contact Us