On February 22, 2010 President Obama had signed the healthcare overhaul bill. The Obama-Biden plan provides more security and stability to those who have health insurance. It will provide insurance to those who don’t. And it will lower the cost of health care for our families, our businesses, and most importantly our government. Under the President Obama plan, patients will be able to make health care decisions with their doctors, instead of being blocked by insurance company bureaucrats; an official in a government department.
President Obama’s "Health Care Bill" The new health care bill, will it saves all Americans as intended by the President or does the opposite. That’s seems to be the hot topic. This paper will analyze and attempt to associates or predicts possible impacts and outcomes of the bill on the economy, health insurance, the health insurance industry, Wall Street, and or the U.S. population in general, or I as an individual. To answer the above questions, we’ll explore some possible outcomes or impacts of Obama-care. But, lets first analyze the bill, in order to provide possible impacts on the above situation,.
What were the problems in the health care system that the Affordable Care Act of 2009 sought to address? What was the public option, and why did it not pass? How would the new health care program be paid for? What were some of the provisions of the Affordable Care Act? Some of the things that the Affordable Care Act of 2009 wanted to address were to make it possible for every American citizen to have insurance coverage; another problem they wanted the act to address was the help reduce the soaring cost of Medicaid.
Protect families’ financial health so that people are protected from bankruptcy due to catastrophic illness. Invest in prevention and wellness. Provide portability of coverage people shouldn’t stay in a specific kind of job just because of health benefits. Aim for universality so that every American is covered by health care. Improve patient safety and quality care.
Mostly because it forces people to have health insurance even when most of us cannot afford it; if president Obama wanted it to help the community I think he should have kept in mind that he shouldn’t require the citizens do things they do not want to do and/or cannot afford to do. The individual mandate states that any person who works and earns a salary will be force to buy new health insurance. That’s where the Supreme Court intervenes and clarifies the law by saying that instead of a mandate, it would be classified as taxes. From which is something that the government can establish and regulate according to the individual’s income. But taxes?
He also asked the congress for cash-strapped local governments to hire more teachers and firemen. This affected American teachers and firemen because they had better opportunities to pursue their careers. In March 2010 President Obama created a National health care reform system for uninsured Americans. This system allows them to buy into health care plans with added subsidies and tax incentives but it also prevents the insurance companies from denying coverage. Economist believes that this system will do nothing to control cost but the budget office believes the bill will reduce the cost over a ten-year period.
Health care and reform has been the most debated subject in in the recent years “2008 to present”. The Patient Protection and Affordable Care Act “Obama Care” is the center of debate and conflict between the House and Senate to include the individual States. The goal of Obama Care is to reform the American health care system by regulating the health insurance industry and at the same time lessen spending within then health care industry. On March 23, 2010, President Obama signed “Obama Care” into law, just three months after taking office. The President’s objective “promise to the voters” was to provide a more affordable with not settling for substandard health care to all Americans.
On June 28, 2012, the Supreme Court ruled that the Federal government does not have the right to make it mandatory for people to have to buy health insurance from a private company. However, it does have the right to tax those that don't. The Court struck down the idea that states people must add people to Medicaid. However, many states will still take advantage of this portion of Obama Care because the Federal government will not take the bill away until it as shown negative effects. So until the Federal government takes it away states will take advantage of gaining extra money from taxes being paid from those who don’t invest into getting health insurance.
Under the PPACA, every U.S. citizen will have access to basic, affordable health coverage. This will alleviate hospitals and providers having to eat up so much additional cost. This will lower the cost of care significantly! The PPACA plans to lower the cost of care in many different ways. Keep in mind the healthcare system has become insurance company dominated, with only two insurance companies dominating a full two-thirds of the market (Langston, 2006).
Ideas include requiring insurance companies to cover pre-existing conditions, require more businesses to provide coverage while attempting to offset those costs with tax breaks, and establish a national health insurance exchange that would allow small businesses to collectively buy into a larger group plan. The ideas for cutting costs include moving the country to an electronic system, focus on preventative health, and reduce prescription costs through