Obamacare: The Impact on American Citizens - Speech or Presentation Example

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Name Instructor Institution Date Obamacare: The Impact on American Citizens and Healthcare On March 23, 2010, President Barack Obama enacted into law the Patient Protection and Affordable Care Act (PPCA), also known as Obamacare, to gradually take effect starting its launch which intends to overhaul the longstanding healthcare system in the United States…
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Obamacare: The Impact on American Citizens
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"Obamacare: The Impact on American Citizens"

Although the motivation of the new law is for the benefit of the average Americans comprising low income households, majority of the people are against it, with eight percent claiming that they are satisfied with the quality of their present healthcare (Atlas). Several opinions are also being raised regarding Obamacare’s impact to the people and to the healthcare industry in general, whether it is indeed advantageous or will only bring a terrible outcome. Under the PPACA, several provisions are structured to modify the previous system in healthcare which consists of the following: a call for individual mandate or necessitating uninsured parties to secure a private insurance policy to avoid penalties; a uniform insurance premium for applicants of same age and location regardless of gender and pre-existing conditions; expansion of Medicaid eligibility; changing the reimbursement process of Medicare; the creation of health insurance exchanges; abolition of minimum standards for health insurance policies; federal subsidies on families at federal poverty level; subsidies for small business upon providing health insurance to employees; and the conception of minimum criteria for health insurance plans. ...
Based on a poll spearheaded by Rasmussen and Schoen of The Wall Street Journal, majority of the voters believe that the newly mandated law will only increase their healthcare expenditure and the projected cost of the program is more likely to exceed in reality. Essentially, the participants are calling for a more efficient modification system that will definitely reduce the cost of healthcare. In addition, Scott Atlas expounded that the greatest consequence of PPACA is the rationed or restricted access to doctors, therapies and care, as observed in Canada and United Kingdom where health systems are government-centralized. He maintained that the new law will decrease the people’s access to timely healthcare particularly by trained specialists; lesser amounts of new drugs to cure serious diseases like cancer will be available in the future brought by government price controls; access to modern medical technologies that helps to diagnose diseases at an early stage, safer treatments and better outcomes will be reduced; limited choices of doctors and treatments since medical services tend to shrink when government dictates on its prices and physicians are likely to find a more competent environment somewhere else; limited choices on health insurance coverage; and reduced access to prominent innovators and innovations in health care because the intervention of the government will narrow the options on fresh diagnostic methods and newly developed treatments. As perceived on other countries that impose government-centralized health systems, the quality of healthcare is inclined to suffer due to budget restraints, health practitioners and pharmaceutical Read More
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