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The policy denies the rich their rightful earnings from the work that they do through the high taxes levied against them, and as such discouraging them from working hard. They earn less when they work for more hours, whilst the low-income earners earn more when they work for less hours. This creates an economic state of reservation, whereby people feel reluctant, especially the low-income earners, from working hard and improving their social setting for fear of upgrading into a higher taxation level (Akosa, Asako and Kosali 45).
Nevertheless, it is imperative to note that the Health care policy brought about the much-needed reforms into the heath care policy. The ObamaCare Act dubbed after president Obama, or the Patient protection and Affordable Care Act (PPACA) promotes social justice and equality by ensuring the low incomes earners who cannot afford insurance policies have the capacity to access them, and as such have access to a higher quality health insurance. The act provides regulations that govern the insurance market, thereby mandating the purchase of insurance. This creates a state of social equality in the health insurance market. Unlike before where these insurance firms preferred the rich and healthy as their most viable and valuable customers, and as such, shunned the low income earners and those with a sickness history, the act compels them to sell their insurance to the low-income earners as well, which promotes social care and affordability of health insurance (Dye 82).
The best theory to use in analyzing this Affordable Care Act is the Theory of Marginal Utility, which is the additional increment to utility obtained through the consumption of an additional unit of good, or service. The marginal utility of the two income brackets in the United States subjected to this policy is very different. For instance, the Marginal Utility for the rich people is much lower than
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Dimensions of a legislation that can have an impact on masses are often intricate and far reaching especially, if the legislation addresses some primary necessity its impact and consequences are required to be watched even after its implementation to safeguard public interest Affordable Care Act (ACA) signed in to law by the President on 23 March 2010 is no exception.
Overspending, low efficiency and low insurance coverage have become the main policy priorities in the U.S. The provisions of the Patient Protection and Affordable Care Act hold a promise to improve the health care situation in the United States. In this paper the new policy and its implications for health care provision are analyzed.
The major reason for introducing a healthcare reform was to reduce the economic burden on citizens. This paper tries to examine the US heath care reform bill, its economic effects, conditions that led to the introduction of the bill and some controversies linked to it.
Attempts to restructure the health care system to necessitate accessibility and affordability of health care services through enactment of all inclusive policies in the United States date back to the early 20th century During president Theodore Rosevelt’s term, the progressive party tried to initiate a national health insurance program unsuccessfully.
Majority of these constitutions have put in place healthcare as a basic right of every citizen in terms of diagnosis, treatment, rehabilitation and prevention of basic environmental, waterborne, genetically acquired ailments and other contracted diseases in the daily activities of the citizens.
Healthcare in America is a very vital aspect that the government ensures for its citizens. However, not all Americans have access to decent and quality healthcare; hence, the sector has undergone numerous reforms to fit into a situation of affordability to its citizens.These reforms have introduced health insurance to the citizens to curb the lack of proper healthcare, especially to the majority Hispanic population.
f ACA is to improve the quality, accessibility, and affordability of health insurance, reducing the rate of the uninsured through expansion of private and public insurance coverage, and lowering the costs of healthcare for Americans and the government (Gruber & Newquist, 2011).
The insurance companies should try to shorten the time take for individuals to sign up to at least ten minutes. The department of health come up with more agreements in conjunction with web brokers that will enable the websites to give customers alternatives. This will ensure consumers can sign up for health care.
The act enables individuals to choose the package they prefer at subsidized rate. The Act also advocates community-based programs that aim to prevent development of chronic and common illnesses (Department of Health and Human
Concepts of universal healthcare dated back to 1989 (Barr, 2011). Republican and Conservative economists supported it then. Bill Clinton came up with a new way of dealing with the healthcare crisis in 1993 where employers would buy insurance
2 Pages(500 words)Essay
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