The Patient Protection & Affordable Care Act of 2010 - Research Paper Example

Those people who cannot afford to get health insurance might consider other insurance options such as state-based health insurance exchange programs so that they might receive a subsidy or they can apply for expanded Medicare orders (Encyclopedia Brittanica, 2013). The program added about nine hundred and forty billion dollars to the federal budget over the course of ten years. A study by Congressional Budget Office declared that this Affordable Care Act will lessen or mitigate the burden on the budget deficit by an amount of one hundred and forty three million dollars over this same course of ten years.

How will that be possible is by offsetting the costs by reducing the payments paid to the hospitals, augmenting the Medicare taxes on households with higher income, charging the penalties on employers who don’t offer or take the health care insurance, charging taxes on several of the health related activities, and mitigating the overhead by merging the higher education loan program and Pell Grant program (Amadeo, 2013) Remarkable antagonism has followed The Patient Protection & Affordable Care Act of 2010 before, during, and after it became a law. . This Act has drastically revolutionizes the health care in United States, making insurance feasible to thirty two million Americans, ninety five percent of the legal population of United States (Amadeo, 2013) The Patient Protection & Affordable Care Act of 2010 was signed as a law for the US Health care reform by President Barack Obama during the march of 2010, which integrated necessities that mandated many individuals to get health insurance or also to give fines.

It made the treatment much easy and also cost-efficient. It also broke the insulting insurance practices, and also tried to restraint the growing health care costs. It was extensively known as most widely considered health care reform act since Medicare passage as the United States government guaranteed the elderly health insurance in 1965. In the June of 2010, the details begin as Obama favored a so-called known as “public option” which was a governmental insurance program that will fight with private businesses on many forums (Encyclopedia Brittanica, 2013).

The pharmaceutical industry which assisted the Bill Clinton’s administration to reform the trials in 1993-1994 as it would bolster the reform. The August marked the Congress members to go home to their districts and also town hall meetings which call for loud antagonism of the efforts as it begin to start the program. Criticizing the reform as “Obamacare” (a term embraced by Obama himself) and “socialized medicine”, the protestors interrupted the proponents of this health care reform- mostly condemning the Democrats.

Most democrats such as Arlen Specter, who was a Republican-turned into Democrat proponent of this legislation