Healthcare Policy and Economics Essay
The healthcare law requires the Americans to purchase health care insurance. It created insurance exchanges and federal subsidies that are meant to make insurance significantly expanded and more affordable for Medicaid. To ensure that the Americans pay for the boost in health care coverage, the law reduces the rate of growth in Medicare payments, raised some taxes on high earners, changed some tax codes and imposed a tax on health insurance plans with high premiums. The law can acquire a lot of cash from penalties, taxes and fees amounting to the stated three hundred and fifty hundred billion dollars (Gregory, 2013).
In my opinion, the stated value is a distinction between fees, taxes and penalties and can be considered quite picky. This is because it is quite easily notable that some of the fees do not represent any tax increase. However, it would not be unreasonable to state that the increased amounts are up by a bigger margin that it was stipulated. It would be advisable to treat the requirements and achievements of the health care law as negative taxes since the law calls for sizable subsidies that help people buy health insurance (Hudrey, 2013).
After the above argument, it would be likely that most people have realized the increased payments accompanying the health law. If an individual desires to illustrate on the health law affecting the America families, it would only be considered appropriate to count all the increased payments that are made to them. Other areas that require a lot of scrutiny and worrying are the increased payments that the American individual makes to the government and the effect it has on the American resources. The American people need to understand the effect the law has on their resources.
Gregory, A. (2013). The health care Law. NewYork Times , pp 12.
Hudrey, D. (2013). American Changes. NewYork: Sage Publishers.
Keane, S. (2012). Economic Effcet of the recent laws. Washington: IPublisher.
Merris, H. (2012). Health care policy . The journal of Medicine , pp 14.