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Describe three economic issues concerning President Obama's Health Care Plan - Research Paper Example

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For many years the American government has attempted and failed it institute significant health care reform that would expand coverage for Americans, and until this bill…
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Describe three economic issues concerning President Obamas Health Care Plan
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Describe three economic issues concerning President Obama's Health Care Plan

Download file to see previous pages... The first source is directly from the White House and considers the economic benefits of President Barack Obama’s health care plan. As it is directly related to the President it is undoubtedly slanted; however, it also is important in that it directly reflects the White House perspective on the economics of health care reform. The White House argues that the health care plan will make health care more affordable for Americans. It argues this will occur since the health care plan will provide significant tax cuts for middle class Americans. These tax cuts are intended to reduce the premium costs of over ten million families, as well as millions of small businesses. In all, the article argues that this helps, “32 million Americans afford health care who do not get it today – and makes coverage more affordable for many more. Under the plan, 95% of Americans will be insured.” (White House, Web)
In addition to the specified benefits, the White House argues that there are a number of other benefits that can be derived from the recently passed health care bill. The arguments are that the health care reform bill will establish a competitive environment among health insurance companies that will further reduce costs and improve quality of service. In addition it is intended to give many Americans the same quality of service that many members of Congress have. It is also intended to bring more accountability to health insurance companies, as the rules will require more transparency and accountability. Furthermore, it notes – and this indeed is one of the major issues that concerns the economic status of Obama’s motivation for health care reform – namely that individuals with pre-existing conditions can no longer be denied health care coverage. Finally, the site argues that this reform will set the country on the right path for economic success.
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