Obama care essay
Affordable Care Act is a statute signed into a law by Barack Obama on March, 23 2010. This act which is also known as Obamacare is a part of a health care reform which among other things will change and regulate requirements for employers’ group insurance plans as well as private health plans and public health programs.
There are a lot of pros and cons to this reform and a lot of aspects of the act are being misinterpreted or misunderstood.
The new health care policy provides more coverage to a larger percentage of American and is more cost-effective for the United States’ budget especially during these dire economic conditions, and is a moral cause and sign of community that all Americans should strive for. The problem with universal health care, however, lies in the fact that above all concerns; the main goal of insurance companies within the United States is to make a profit. Insurance companies seek to provide satisfactory care without major financing and costs of their clients. On the other hand, clients seek plans that provide the most care without paying a fortune. These opposite goals thus result in the polarization between insurance companies and their clients, which has in turn lead to monumental costs for both sick and injured Americans as well as insurance companies. Even more so, these opposite goals result in a drastic percentage of Americans who are left insured. With the 45 million Americans as of 2005 who live in the country uninsured, the United States is the only developed nation that still does not have a universal health care policy. This statistic demonstrates the sheer quantity of people that need healthcare in America, as well as the urgent need to support these people. There exists yet another fiscal issue concerning universal health care: how will we pay for all this? The most obvious answer is an increase in taxes and the cutting of extraneous federal spending. Yes, by having universal health care the government will have to budget
There are a lot of pros and cons to this reform and a lot of aspects of the act are being misinterpreted or misunderstood.
The new health care policy provides more coverage to a larger percentage of American and is more cost-effective for the United States’ budget especially during these dire economic conditions, and is a moral cause and sign of community that all Americans should strive for. The problem with universal health care, however, lies in the fact that above all concerns; the main goal of insurance companies within the United States is to make a profit. Insurance companies seek to provide satisfactory care without major financing and costs of their clients. On the other hand, clients seek plans that provide the most care without paying a fortune. These opposite goals thus result in the polarization between insurance companies and their clients, which has in turn lead to monumental costs for both sick and injured Americans as well as insurance companies. Even more so, these opposite goals result in a drastic percentage of Americans who are left insured. With the 45 million Americans as of 2005 who live in the country uninsured, the United States is the only developed nation that still does not have a universal health care policy. This statistic demonstrates the sheer quantity of people that need healthcare in America, as well as the urgent need to support these people. There exists yet another fiscal issue concerning universal health care: how will we pay for all this? The most obvious answer is an increase in taxes and the cutting of extraneous federal spending. Yes, by having universal health care the government will have to budget