Medical health care cost so much due to hospitals over charging private insurance. Patients that used Medicare actually pay less for their service than patients with private insurance. Premiums are higher to the employer because of the price the hospital offers. A solution could be lowering the age to apply for Medicare or making Medicare available to the public. Healthcare cost management should be control by the citizen.
Lastly, the amount of personal bankruptcies will be reduced. Many Americans file for bankruptcy because of their medical bills, if the rates go down and more people can afford coverage then it would make sense that the amount of bankruptcies would also go down. Even though the pros all help and seem great the cons to this policy also holds valid points. First, “18 million of the uninsured will be forced to go under Medicaid, while the rest will have to accept another government program. Even so, millions will remain uninsured,” (Pros and cons of Obama care June 29, 2012).
Newt Gingrich is, like Mitt Rom-ney, not satisfied with Obamac-are. “We must repeal and replace the left’s big government health bill with real solutions that will lower costs and improve health outcomes.” He believes that Obamacare instead created layers of new taxes, regulations, and bureau-cracies that in the end will make the problems worse. Newt proposes a “Patient Power” plan
Universal Healthcare would lower the mortality rate in the United States by solving the problem of the uninsured and the underinsured, as well as halt rising healthcare costs in the U.S. In addition, the consumer-driven healthcare system we now utilize reflects the uneven distribution of power
November 23, 2013 American National Government “ObamaCare” On March 23, 2010, President Barack Obama signed off on the healthcare act known as the Affordable Care Act that we also call “ObamaCare”. This is the national health care plan aimed at reforming the American health care system. This was thought of to provide more affordable health insurance. ObamaCare was put together with thoughts of lowering the uninsured rate by expanding public and private insurance coverage, and reducing the costs of healthcare for individuals. With ObamaCare, many are reaping the benefits, but not everyone is happy about the impact of this act.
This is bad for competition and the ability to provide quality care. The main problem that a government-run health insurance presents is the possibility of driving people out of their current plans. The effect of this development is particularly true given the fact that a government-run plan is likely to offer reduced prices and, therefore, shift the market demand in its direction. According to the Ray (2008) the public health care plan will offer attractive and generous packages because it will be able to enjoy the sponsorship of the taxpayer. Since many private health insurance companies will not be able to offer such packages, they will be forced out of business.
Max Baucus (D-Montana), and is significantly different from President Obama’s own vision: according to Greising (2009), the plan “does not embrace President Barack Obama’s ‘public option’” and has “flirted both with… health-care cooperatives and… state-run insurance exchanges” (para. 8). The plan is intended to make health coverage mandatory through a system of incentives and penalties—instantly raising the specter of hardship for lower-income families. Sen. Baucus has had to tailor his plan accordingly, boosting subsidies and slashing penalties (Hook & Levey, 2009, paras.
At a time when economic growth is not that good and the employment outlook is mixed, one very important question we have to ask whether or not the Affordable Care Act will help or hurt our economy and what will its effect be on businesses? On the negative side, the law has a number of provisions that may hinder em-ployment and growth, including employers be forced to pay for health coverage. Another down-side is an increase in the Medicare contribution rate for high-income workers and imposed taxes on medical device companies, health insurance companies and tanning salons. This is an area of concern and worry for economists who question the economic impact of these
Randy E. Barnett, JD "Throughout the year-long debate over health care reform, President Obama promised that the legislation would reduce the spiraling cost of health care... But a couple of new government reports confirm what many of us who opposed a federal takeover of the health care system feared all along - higher costs... CMS [Centers for Medicare and Medicaid Services] says that the health care law will impose billions of dollars in annual fees on manufacturers and importers of brand-name prescription drugs and on health insurance plans, and new taxes on medical device sales. CMS said it anticipates that these new fees and taxes will be passed down to consumers in the form of higher drug and device prices and higher insurance premiums, raising health care costs from $2.1 billion in 2011 to $18.2 billion in
The American Economy Stance Paper #3 Universal Healthcare The United States proudly proclaims itself as a free-market society without a managed economy. This proclamation can be put into question when government officials are calling for healthcare to be managed as a socialist program. There are inherent flaws in attempting to provide every citizen in the United States with free healthcare. Firstly, it would cause the American people’s already high taxes to skyrocket all the more; it would contribute to the degradation of quality within our healthcare system, and it would create extremely long waiting lists for any patient that might need urgent care. First and foremost, creating a system in which healthcare is “free” is incredibly misleading.