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Summary: Shopping Around Can Be Crucial

Satisfactory Essays

Jason Kwock
Dr. Suann Shumaker
Economics 2
17 September 2014
Article: Sanger-katz, Margot, and Amanda Cox. "With New Health Law, Shopping Around Can Be Crucial." The New York Times. The New York Times, 17 Sept. 2014. Web. 17 Sept. 2014. http://www.nytimes.com/2014/09/18/upshot/with-new-health-law-shopping-around-can-be-crucial.html?ref=policy&abt=0002&abg=0 Health care is a huge benefit beyond the 1900’s. People try and receive healthcare from their job, but for others who may not have a job, or the job does not provide them with sufficient help, they will most likely look into the affordable care act. Which brings up this article named, “With New Health Law, Shopping Around Can Be Crucial” by Amanda Cox. This article encourages the customer to stick …show more content…

Firms produce and sell goods and services. In this case, uninsured patients benefit because if they show a pre-existing condition, they can not be denied health care. Insurance companies will benefit because it is required to get health insurance, thus all the people who do not have it will either have to get health insurance or pay a tax. It affects small businesses because they are cutting down on employing since they do not want to spend money on healthcare, which also affects the unemployed. The government kept investing money into health care because it was not being successful, but taxpayers had to pay for this which affected the cash flow negatively because households were least likely to buy from firms. At times, cheap healthcare plans can limit where people can get medical help. Amanda Cox said, “Many of the cheapest marketplace plans provide access to a limited groups of doctors and hospitals.” This is a reason why people would rather stick with their current health care plans because it could be close by your home, which is convenient and saves travel

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