Who will work less under Obama care By 2024 the labor force is expected to decrease by 2.5 million

In present times, people with high incomes that’s above the 100 percent poverty level is eligible for premium subsidies to purchase private plans in the health care market. Individuals that are below the 100 percent of poverty in states that don’t wish to expand Medicaid; do not have access either to subsidized private coverage or Medicaid (Garber & Collins, 2014). Originally, the law require that all states expand Medicaid eligibility, to enable those people living with income that is increasing to 138 percent of the poverty level. These factors are equivalent to $15,856 for each individual and $32,499 for a family living in a single dwelling (Garber & Collins, 2014). In 2012, the Supreme Court made these regulations optional for ruling.

A key question from policymakers is why spending on health care consistently rises more rapidly than spending on other goods and services. One of the studies3 concluded that approximately 63% of the rise in real per capita

I will compare the current health care system with the new Patient Protection and Affordable Care Act (ACA) that became law on March 23, 2010.   The current system, which is being phased out between 2011 and 2018 is increasingly inaccessible to many poor and lower-middle-class people. About 47 million Americans lack health insurance, an increase of more than two million people from 2005 (Rover, 2011) the increasingly complex warfare between insurers and hospitals over who pays the bills is gobbling up a great deal of money and the end result is that the United States pays roughly twice as much per

Health care is one of the major political issues facing the nation today. Most industrialized countries have national healthcare system, while the United States only provide coverage for those who are eligible under government programs like Medicare and Medicaid. As the cost of health care to continue to increase, many question the role of the government while other blame insurance companies for increase in premium.

If Medicaid is not expanded to the millions who have low incomes and aren’t insured, then starting in 2014 Americans who don’t pay for health insurance and aren’t eligible for Medicaid will then be issued a tax. In 2014 Americans will have to pay 95 dollars or one percent of their income, which ever is higher. The tax will only increase from there. In 2015 Americans will have to pay 325 dollars or two percent of their income, and in 2016 the tax will increase to 695 dollars or 2 and a half percent of their income. Americans who make $200,000 or more annually and couples with incomes above $250,000 will have a tax increase to help cover the costs of the program.

This paper will include: the current health care expenditures whether spending is too much or not enough, where the nation should add or cut, how the public’s health care needs are paid and provide a forecast for: the future economic needs, why these needs must be addressed, how I envision these needs will be financed and conclusion.

Just like anything else that is first implemented out to people, there are also flaws. Not everything that first rolls out to the public is perfect. However, although this new health care may have some flaws in the beginning, some may say that there are a little more just minute flaws. Some may express that the new Affordable Care Act may be a reform that will hurt us rather than help us. “If there is any area of social policy in which Americans are likely to be aware that their system has flaws, it is in health care.” As if America it is not already the country that has the most expensive health care system , “Americans pay an average annual cost of $8,174 per person for their health care, over twice as high as the average Western

“The amount people pay for health insurance increased 30 percent from 2001 to 2005, while income for the same period of time only increased 3 percent.” (Source: Robert Wood Johnson Foundation). The rising cost of healthcare is a huge problem in America today. In this paper I will analyze the different issues and causes for the increase in cost.

The Federal Poverty Line in America is <133% (Federal Poverty Guidelines) -- A person which is making less than 16,000 dollars a year. Which means, that everyone who is making less than the 133% does not qualify for premium assistance but only for

In 2016 the American population again saw their insurance plans increasing their premiums from 10%-13% across the board. This is much more than expected, and even worse the co-op insurance plans have failed. The government sponsored non-profit plans offering lower rates have not proven sustainability in result of the majority going bankrupt even after receiving 1.2 billion dollars of taxpayer’s money. The Affordable Care Act is already becoming a huge tax expense amongst Americans leading to the U.S. increasing the overall national debt. Starting 2018 all high end health insurance premium plans will come with a 40% excise tax. Also, changes in flexible spending accounts have occurred as over the counter medicines are no longer qualified expenses for flexible spending accounts and health savings accounts. The health care tax deduction threshold account increased to 10% from the previous established 7.5%. All these changes through different avenues account for more reasons we continue to see costs increase through the ObamaCare.

President Donald Trump continuously makes remarks about “Obamacare” being bad for our economy but he neglects to mention the positive benefits about the program. For those who may not know, the patient protection and affordable care act (Obamacare) was enacted on March 23rd, 2010. The purpose of the PPACA is to ensure that those who couldn’t afford healthcare previously are able to sustain a good lifestyle and still be able to have healthcare for regular checkups and for emergencies that may occur. PPACA has had a tremendous effect on the economy in positive ways for example the bankruptcy rate in the united states dropped in the years 2010 to 2016 from 1.5 million to 770,846 and the spending on health care decreased from 7.2 percent in 2008 to 5.8 in 2015. That’s a significant decrease. PPACA should remain statute for it helps the lower income families of our society afford healthcare as well as protect their families from dreadful situations if they were to occur in the form of insurance money.

On the webpage “Obamacare Facts” (2013) it had a video explaining how Obamacare worked. Obamacare has two purposes which are to cover more American citizens and add more benefits to American’s healthcare plans. Now this Affordable Care Act comes with “guaranteed coverage, essential benefits, premiums packages and new taxes” (2013). Since healthcare is required there is a punishment if you do not have it, which are penalties you will have to pay. Some people find it way easier for them to pay for the punishment then to actually have full coverage for health insurance. There are also benefits that come in the health care policy that someone was never planning to use or never going to use but they have no choice but to pay for it. The Affordable Care Act allows some monthly cost of insurance to go down for only some people for the rest their bills will increase. Now the reason their cost will increase and others will decrease is because of the federal subsidy. Federal subsidy will not reduce the cost for some American’s but hand their cost of insurance to others. (BCBSNC,

One of the biggest complaints in healthcare is the rising costs.2 In many articles, people complain the healthcare costs have increased significantly and feel that is a direct result of the Affordable Health Care Act. Also, they feel that the cost of implementing the Act itself is way more than what was originally budgeted. Another problem discussed was the government 's role in the making of the Affordable Health Care Act. Many people feel that in the past, the government has made decisions that were geared more toward politics than effectiveness. So in the long run, we spent more money making changes to things that didn 't need to be fixed or fixing something that was not done right the first time. One of the other concerns, who is affected? Who has to pay? Middle class and up is the answer. Wealthy people are getting taxed he most and some do not feel it is fair, because they are the ones who own businesses and create jobs for others.

One of the issues that is widely discussed and debated concerning the United States economy is the healthcare system. Unlike in the majority of developed and developing countries, the healthcare system in the United States is not public, meaning that the state does not provide free or cheap healthcare services. This paper addresses many of the factors contributing to the rising cost of healthcare.

Healthcare Costs: The greatest increase in government spending is “entitlement” spending, mostly Medicare and Medicaid. Our national goal has been to reduce healthcare costs, not increase healthcare spending. Unfortunately we’ve only accomplished the latter, not the former. Medicare now accounts for 15% of the total federal budget and 21% of total national health care spending. We must focus on reducing healthcare