Health Care Policy: Will Obamacare Cut Costs - Essay Example

Obamacare has done thing by two things; by making sure all Americans hold health insurance, failing which they have to pay a fine, and secondly, various measures have been taken to cut down health-related costs. These methods include providing healthcare institutions rewards for cutting down costs while penalizing them for bad care. The results have been phenomenal so far as according to data taken from Jan 2012 to Dec 2013, there has been a significant 8% decline in readmission cases (The Economist).

Obamacare is likely to free the health budget that currently makes up a very high percentage of the GDP, thus allowing the American government to spend the money on other feasible projects. I completely agree with the views presented in the article, as well as with the view with which Obamacare was introduced as I believe before this bill there was a lot of negligence and overcharging done by doctors for their benefit. However, this bill would put an end to such illegal practices and help save millions of dollars for US taxpayers which can be routed to other important projects (The Economist). Read More