ACA Failure

The US health care system has been the topic of debate for a while now, and politicians can seem to never decide on anything regarding the US health care system. Nonetheless, there is one thing they can agree on, and that is the rising cost of healthcare. Over the years there has been a steady increase in the cost of healthcare in the US, with it accounting for roughly 18% of the Gross Domestic Product (GDP) and expected to increase to about 34% of the GDP by 2040 as stated by (whitehouse.gov). In an attempt to deter or slow down this event the government has passed the Affordable Care Act (ACA). Which is meant to solve the problem of an increasing healthcare expenditure by insuring more Americans. After researching the topic of the ACA, it does not seem to be as affordable as the name …show more content…
It is almost like placing a small band aid over a large cut that requires stitches. There are so many factors that must be accounted for, that may have been traded off for the lesser of two wrongs. It is going to cost almost 1.993 trillion over 10 years to fund the ACA and all of it’s provisions with a net revenue of 643 billion (factcheck.org).
From the consumer standpoint, a major concern is the affordability of insurance, what are the benefits of the ACA and who actually picks up the bill. It would be expected that with an increase in the demand for insurance, that here will not only be an increase in supply but an increase in price. Research has shown that with an increase in demand that there is an equal increase in supply, yet at some point the demand will exceed the supply or vice versa. In the case of the ACA it can be seen that the demand is exceeding the supply, due to the insurance mandate. Along with increases in demand and