Christopher Chestnut
Instructor Mike Dale
Macroeconomics 210
1/10/2014
Obamacare The Patient Protection and Affordable Act, better as “Obamacare,” is a federal law providing for a fundamental reform of the U.S. health and health insurance system, signed by President Barack Obama in 2010. The effectiveness of Obamacare has been a central topic of debate amongst politicians from both sides, as well as economics. We shall take a deeper look into the positives and negatives of the Patient Protection and Affordable Act and how it will affect our economy. At first glance, is seems the average American will benefit greatly from Obamacare. With the expansion of Medicaid, tougher restrictions on insurance company denials, and the lengthening of age a child can remain on a parents insurance; it is estimated over ten million Americans, who were previously uninsured, will now have access to not only quality insurance but one that is affordable. Not only that, but up to 50% of these uninsured …show more content…
This law focuses on the number of people that have health insurance coverage and not on how much this will cost the individual, the employer, or the country as a whole in the long run. With the economy the way it is, we should be focusing on tax breaks for our large companies and not more tax restrictions. Simple economics shows less taxes, equals more money for employers, equals more jobs for citizens. With all the other tax restrictions we have already in place, this law seems to just be piling on. Furthermore, I do not believe we should force any American to have health insurance. Burdening an employee with another expense that they may not want is not the way to do things. In closing, The Patient Protection and Affordable Care Act, better known as Obamacare, would be a great idea, in a booming economy. Unfortunately, America is a long way from that at this
Instructor Mike Dale
Macroeconomics 210
1/10/2014
Obamacare The Patient Protection and Affordable Act, better as “Obamacare,” is a federal law providing for a fundamental reform of the U.S. health and health insurance system, signed by President Barack Obama in 2010. The effectiveness of Obamacare has been a central topic of debate amongst politicians from both sides, as well as economics. We shall take a deeper look into the positives and negatives of the Patient Protection and Affordable Act and how it will affect our economy. At first glance, is seems the average American will benefit greatly from Obamacare. With the expansion of Medicaid, tougher restrictions on insurance company denials, and the lengthening of age a child can remain on a parents insurance; it is estimated over ten million Americans, who were previously uninsured, will now have access to not only quality insurance but one that is affordable. Not only that, but up to 50% of these uninsured …show more content…
This law focuses on the number of people that have health insurance coverage and not on how much this will cost the individual, the employer, or the country as a whole in the long run. With the economy the way it is, we should be focusing on tax breaks for our large companies and not more tax restrictions. Simple economics shows less taxes, equals more money for employers, equals more jobs for citizens. With all the other tax restrictions we have already in place, this law seems to just be piling on. Furthermore, I do not believe we should force any American to have health insurance. Burdening an employee with another expense that they may not want is not the way to do things. In closing, The Patient Protection and Affordable Care Act, better known as Obamacare, would be a great idea, in a booming economy. Unfortunately, America is a long way from that at this