President Obama Introduced Affordable Care Act ( Aca )

1788 Words Dec 8th, 2014 8 Pages
United States health system, the biggest in the world, employs most up-to-date and state-of-the-art technologies in healthcare. US is the world leader in research and development in biomedical field. The magnitude of the research in healthcare and medical innovations that come out of US, in general have been the largest. US contributes, influences and drives medical research in various parts of the world with great emphasis on quality of human life. US pharmaceutical and medical equipment companies have access to biggest markets in the world and yet Americans spend more than 17% of country’s GDP towards healthcare, the largest in the world. In spite of that, US healthcare system suffers from complex rules, less coverage and no real cost controls and that is a problem because it cannot sustain and not every citizen can afford it.

In an effort to improve US healthcare system, President Obama introduced Affordable Care Act (ACA), popularly known as Obamacare. ACA requires everyone to have medical insurance and people who do not have will have to pay fines that could potentially exceed the cost of having insurance. What ACA essentially is trying to do is to expand coverage, improve quality and reduce costs. ACA triggered creation of market places where individuals can purchase health insurance. Now Insurers cannot discriminate by charging the sick people more for coverage.

Having more people insured is good because, as the volume of insurance holders increase, the risk for…
Open Document