Pros And Cons Of Cost-Benefit Analysis Framework

I enjoyed your reading post. These are all the positive aspects of the ACA. Access to quality healthcare is important because it saves lives. Though this law has its challenges it's beneficial for US citizens. Case in point Canada's healthcare system . Every citizen has healthcare and it is paid through taxes. This law also helps medical professionals pay loans and gain scholarships. Some people are saying it's unethical due to the bill of rights. They claim that people living in the US only have rights to life, liberty, and the pursuit of happiness. How can anyone have these three things if they are in poor health?

President Barrack Obama proposed the idea of the Affordable Care Act (ACA) or otherwise known as ObamaCare in 2010 according to the American Public Health Association (APHA)(2014). The ACA is intended to provide health insurance to people in the United States who cannot afford it. According to Norton (2014), not very many people actually understand the new Health Care Reform, 64 percent of Americans say that they don’t understand it. Also, 40 percent of those same people said that they don’t know what an insurance deductible is either. I had to do a little research myself and found that Lalli (2013) reports that we the people of the United States will have many benefits from the ACA. The first one is ambulatory patient services. This means that you come in, they will take care of you, and then you can leave. The second benefit is prescription drugs, which means that under the ACA people will be able to afford the medicine that they need. Another benefit is emergency care, which includes visits to the emergency room for reasons such as a stroke. The fourth benefit is mental health services, which provides a limited amount of visits to professional help and will only be billed about 40 dollars for their session. The fifth benefit is hospitalization, which can be very expensive but with the ACA, people will only have to pay 20 percent of the bill. Lalli (2013) continues the list of benefits: the sixth benefit being

The Affordable Care Act or ACA is a federal statute initiated by President Barack Obama, its intended effects were to supply medical coverage at a low cost to millions of Americans who could not afford access to healthcare. There are a variety of economic and scholarly opinions regarding the ACA’s effect on the healthcare market. Many of these viewpoints have changed over the course of Obama’s presidency as the statute began to affect individuals and the healthcare market.

The US healthcare system is currently undergoing what is arguably its biggest change since its enactment in 1935 with the Social Security Act. The Patient Protection and Affordable Care Act was signed into law on March 23, 2010 by President Barack Obama in an attempt to bring cost free preventative care to all American citizens. And while this may sound like good news since it will help take care of the 54 million Americans that were uninsured in 2010 when this Act was signed (Kocher 2010) not all of these changes to the healthcare system are beneficial. Many citizens will find themselves penalized by the fees and requirements of the ACA, along with many others

The ACA has been fraught with much controversy ever since it has been signed into law. Even almost four years after the law was passed, it is still a “hot-button issue” for politicians, health providers, business owners, insurers, and patients. There are many challenges to the long-term success of the ACA, but in my opinion, the greatest threat will come from the fact that the American culture has long favored independence and individual choice, with minimum government involvement. This mindset is what led the U.S. to declare independence from Great Britain, and it has even defined the Bill of Rights, which most Americans hold near and dear to their hearts. Many people thus view the ACA as the government getting involved in their health care.

The affordable Care Act is the US healthcare reform law. The law makes healthcare and health insurance more affordable and move available to more Americans the official name is the Patient Protection and Affordable Care Act of 210, but is mostly referred to as Obamacare. This law was signed on March 23, 2010. Originally the ACA was enacted to increase the quality and affordable of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals. There have been several provisions done to the act since 2010. Within my paper I will be discussing the pros and cons of the ACA, changes that are taking place within the act and from the standpoint

The real question is, did the ACA truly reduced costs for the previous insured? Supporting data suggest otherwise and paints the picture of ever increasing priced insurance market that has not hit sustainability.

Inconclusion, the Affordable Care Act was created for good. There was a need and a cry for help in the healthcare system in the United States. The ACA helps with healthcare disparities in the United States. The ACA works within the iron triangle, providing access, quality and cutting cost. Healthcare should be for all some say and now that it is affordable and the access and quality has improved, it is not only a positive but

Like many, my previous opinion regarding the Affordable Care Act (ACA) was primarily based on political and philosophical differences with the legislation and its supporters/opponents. While I continue to have an ideological difference to many of the principles in the ACA, I do now realize that this legislation does have some theoretical positive aspects regarding a shift towards more managed care and the increasing encouragement of Accountable Care Organizations (ACOs). This shift has the potential to be helpful in terms of cost controls as it makes a substantial shift towards outcomes and away from fee per service care. ACOs also have great potential for helping to reduce overall costs in high risk, high cost patients (Powers & Chaguturu, 2016). This can be extremely beneficial as this high cost group is only a small percentage of our population but makes up the majority of our healthcare spending. It appears that the legislation at a minimum also helped to increased public awareness that we have a cost and quality problem, and I believe this recognition is helpful long term. However, I am still under the belief that the content of the legislation was built primarily for the benefit of the powerful lobbyists throughout the healthcare industry (i.e. insurance companies, AMA, etc.) and very little was included that would encourage the type of long term changes in the way we view healthcare and personal responsibility to be truly effective.

Evaluating the positive and negative impacts of such fundamental reform to the health care system is filled with uncertainty. As with any new legislation, the Congressional Budget Office (CBO) required financial projections that would be shared with lawmakers and the American people. The CBO projected that “the ACA would increase health insurance coverage by 32 million people and would raise federal government spending by almost $1 trillion over the subsequent decade, but would also raise revenues and reduce spending by even more so that the bill overall reduced the federal budget deficit.” (CBO, 2010) These CBO projections have played a vital role in the on-going legislative arguments over the ACA.

On the whole, the Affordable Care Act reduces healthcare costs while providing better quality services for citzens accross the US. Farley says that the ACA’s reforms to Medicare saved “17 billion in fiscal year 2013” thanks to reductions in payments to private health insurance companies cover their customers through Medicare Advantage as well as adjustments to the annual updates to Medicare provider rates (Farley, 2014). This protects consumers from excessive charges by their insurance providers, by limiting how much insurance providers spend on their own services. And even though the cost of health care, per capita, is gradually increasing, the rate of that growth has decreased over time, thanks to the stipulations, as well as method of implementations, of the ACA. ++++++++++++++++++++++++++=

Abstract: The Affordable Care Act (ACA) is the most comprehensive reform of the U.S. medical system since Medicare. President Obama’s signature legislation vividly changes the landscape of the group insurance market in the United States. The ACA, which was signed into law on March 23rd, 2010, carries mandates that require Americans to have health insurance (2014 in 214 words, 2013). The ACA increases entitlement insurance and subsidizes private insurance, but reduces reimbursements under Medicare. The ACA is set to raise taxes in various ways, but projecting the financial stability and the health of this fundamental reform has been very difficult to conclusively determine. Projections of the impact of this act was required as part of the legislative process, but the forecasts and projections that were first submitted to the Congressional Budget Office have been rescinded with a current statement from the CBO essentially saying that “the financial impact of the ACA cannot be ascertained” (Conover, 2013).

The Health Care Reform Act was designed to benefit the citizens of the United States. Thanks to the Affordable Care Act, 3.1 million more young adults have health insurance on their parent’s plan, three million seniors have received a 50 percent discount on their prescription drugs, and millions of Americans now have access to no-cost preventive services to help them stay healthy. Abusive insurance practices are becoming a thing of the past. Additionally, the Affordable Care Act helps small businesses with the cost of providing health insurance for their employees and helps doctors and other health providers care for their patients more effectively. (http://www.whitehouse.gov/healthreform/relief-for-americans-and-businesses)

The implementation of the Affordable Care Act (ACA), popularly known as “Obamacare”, has drastically altered healthcare in America. The goal of this act was to give Americans access to affordable, high quality insurance while simultaneously decreasing overall healthcare spending. The ACA had intended to maximize health care coverage throughout the United States, but this lofty ambition resulted in staggeringly huge financial and human costs.

The Affordable Care Act (ACA) has been a topic of dispute since its introduction and continues to be discussed by politicians in the U.S. and throughout the world even after its passage. The Act has many opponents and is the cause of much controversy nationwide, primarily because it introduces higher healthcare costs for the richest citizens. Nevertheless, the ACA is an important stage in the American healthcare development process as it not only allows more people to receive healthcare services, but will also reduce the deficit. However, not everyone agrees. The policy is controversial in terms of cost vs. benefits, but the benefits ultimately outweigh the costs.