Patient Protection and Affordable Care Act - Essay Example

25th February Article Brianna Ehley, 10 top Questions the Consumer Ask about Obamacare: Policy and Politics. London Post February 04 2014. Obamacare (patient protection and affordable care act) Obamacare is the patient protection and affordable care act that was passed but the critics of president Obama were against the act that was termed as Obamacare. The main idea behind the project is to improve and make efforts to reform health care, but it stuck even though president Obama and the key allies liked it and thus showing he cared for the health of individuals. The most important part in Obamacare as indicated in this article is that it require an individual to have a health insurance in 2014 failure to that one is subjected to a tax. The affordable care act is a law now since the act was passed on February 2014 though it faced a lot of opposition. The act was to be financed within the next ten years for it to be fully operational to help those who are unable to insure as depicted by the health act. As a result, millions of people will benefit from employment based insurance coverage than in the absence of Affordable Care Act (ACA).The Congressional Budget Office (CBO) estimated the government budget and effects for the ten years. The Affordable Care Act will be financed thus delivering a devastating analysis of the inefficiencies and problematic social costs of Obamacare. The Affordable Care Act still faces opposition from Congressional Budget Office (CBO) since the key selling point of Affordable Care Act was to cover a significant number of above 30 million Americans who lacked it. As per today, the CBO is out criticizing the Affordable Care Act in America that within a decade, 6 million people will not be given health care insurance from their companies or from the employers due to Affordable Care Act (john 45). This makes the Americans to see as if the act was politically passed so as only target a certain group of Americans and segregating those who can be able to acquire the insurance coverage. The estimated expenditure of Affordable Care act will be about $2 trillion within the next 10 years meaning that there would be disruption of the United States medical system since the federal government will not be able to achieve the objectives, of providing coverage to 30 million Americans. The Congressional Budget Office maintains that within the ten years the same number of 30 million Americans will lack insurance as before since the Affordable Care Act will collapse within the next 5 years. Another opposing idea of the ACA is that the poor people will get subsidies and after they achieve certain level of compensation then the subsidy will disappear when one reaches a higher pay level. Basing their argument on the subsidy of the poor then the congressional budget office encourage the Americans to work less or even not work at all, rather than an individual reaching a certain level where one will not be compensated. This is a problem to those who normally benefit from it and thus wishing to live without it. Again the amount of labor that the workers choose to supply will be reduced since the workers fear to reach a certain level and be taxed with the insurance coverage under the Obamacare act. The Obamacare will have impact on few Americans in the health regime for example if one has an insurance through an employer, this means that coverage will not going to change under Obamacare since the health care insurance will be raised by at least 2 percent next year for the employers. Many Americans are buying the insurance coverage on their own and this means that they will not be able to keep it, this indicates that more than 16 million individuals will be under this category. Others, who the insurance coverage has been cancelled, will have to buy Obamacare compliant insurance thus paying higher premiums for the insurance coverage and still the doctors and the hospitals are not many in the area. This means that an individual will pay high premiums of insurance that will only provide a smaller network of doctors and hospitals. If one qualifies for subsidized insurance they are regarded as the winners of Obamacare, this means that the Americans will have to use any means available to buy the insurance coverage that they do not require. The reason behind this is because the federal government has forced them to do so since if an individual does not have insurance by 31 March 2014 will be taxed 1% of income or otherwise meet other conditions. This means that the Americans will be subjected to more poverty levels and the cost of living rising higher thus having a negative impacts on the American residents. Another effect of Affordable Care Act on the Americans is that the project will spend more than $2 trillion to accomplish the objective of providing insurance coverage to more that 30 million Americans (Pear 23). The spending of $2 trillion on exchange plans and for Medicaid will create a lot of burden for future generations of taxpayers, this means that the insurance coverage will drain the economy of Americans thus the future generation being subjected to burdens that could be avoided and thus the economy being stable. The Affordable Care Act will affect everybody even the senior citizens on Medicare and even the unborn since some of democrats took half of trillion dollars set aside for Affordable Care Act and have been diverted to other projects and others being misused thus making the project to be a burden to the entire Americans. The introduction of Obamacare in America will cause 15 percent of the hospital to be unprofitable by 2019 thus those who venture in private hospital being unable to venture in the business and thus the economy being unstable. The trend will continue since by 2050, 40 percent of hospitals will become unprofitable and this will have an impact on beneficiaries’ access to care. Those who are in federal poverty level and earn 133% for individual $15,281 or $31,321 for the family their Medicaid will be extended and the poverty level usually increases each year so as to keep up with the inflation rate (Banthin 61). For those who earn more than 400%, which is high for Medicaid will receive tax credits and this is payable in monthly time. If one will not be able to get insurance coverage on 31 March 2014, then he or she will not be able to enroll for the same. This implies that one must have coverage for at least nine months failure to which will mean that an individual will have to be subjected to a tax pay of 1 percent. This means that Obamacare is not fair to the American citizens and unfair to the entire country since the project will not be profit making but a project to drain the American economy. This means that Affordable Care Act will be affecting the people of united state and their government today and in the future in a negative way. The Affordable Care Act aim was to reform the private insurance market for individuals and groups who can not do without the insurance coverage and make sure that each and every citizen has participated fully in the project. The project is viewed as to be politically implemented since all the private hospitals will not gain profit due to those insurance coverage. The Affordable Care Act is seen as a way to eliminate the private sector that offer Medicare to the citizens since they are profit making bodies and thus the government contribution to limit the organization. The key issues are competition and lower the premiums and pressure on the providers to do a better and more efficient job to the residents. Another objective of the author is to expand Medicaid to the working poor with income up to 133% of the federal poverty level. This will help and expand Medicaid to uninsured working poor through funding from the federal government. The low wage workers who are going to be covered by the expanded Medicaid are in fear since the program is seen as inferior program to many and which is mandatory to all American residents, failure to get an insurance coverage will lead to one being taxed by the federal government. The program is good but the provider payments are the one that make the residents to fear about and those who are low income earners do not have any benefit from the program. The main political viewpoint that was being emphasized was that all the private sectors that offer Medicaid program to be non profit making bodies but deliver good health care to the residents with low premiums and to have competition in health care so as to do away with monopoly of insurance coverage in united state. The article has a controversial issue of political importance to the American citizens since all the stakeholders are aware of implication of such issue to the civilians. This shows that the federal government cannot be a dictatorial government since all the arms of the government has check and balances. As a leader the article has shown that even if one comes with a bill it must be of high standard and has meaning to the citizens. The Affordable Care Act is good but the terms of payment are the one that makes an individual fear it. This means I as the reader have a direct impact on perceptions of the American political process, that before any bill is passed and becomes a law it is faced with a lot of challenges and experts must look at it carefully so as to be helpful to the citizens but not only a certain diplomat and seniors in federal government (Brianna 21). The authors have changed the political views since the Affordable Care Act is good but the terms of payment is where the problem is and this will cause the problems to the unborn children who will have to pay for the $2 trillion in their lifetime. The project seems to have a lot of incompetence to some people and others say it can work but of recent the Affordable Care Act has been receiving blows within the past six months and still many more to come. This implies that when the president leaves the office Obamacare will be no longer a law of the land since it is seen as a burden to all low and high income earners. Works Cited Banthin, J. Effects of Eliminating the Individual Mandate to Obtain Health Insurance. New York. New York Press, 2014. Print. Brianna, E. 10 Top Questions Consumer Ask About Obamacare. Washington: Washington Press, 2014, Print. John, T. Obamacare’s Bailout Could Earn Billions for the Government .New York: New York Press, 2014.Print. Pear, R. CBO Obamacare Job Loss Worse Than Reported Michigan: Michigan Press, 2014. Print. Read More