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Health Care Economics (Essay Sample)

Instructions:
The Patient Protection and Affordable Care Act (PPACA), is called health care restructuring. In the United States of America it was endorsed as a policy by President Barack Obama on March 23, 2010.The Senate on December 24th 2009, by a vote of 60-39 with all democrats and two independents voting for, and all republicans voting against. The Patient Protection and Affordable Care Act the House of Representative on March 21, 2010, by a vote of 219-212, with democrats and all 178 Republicans voting against the bill (Buss & Water, 61). The Patient Protection and Affordable Care Act is far-reaching legislation that will affect economic activity far beyond the one-sixth of the United States economy identified as health care sectors. source..
Content:
Surname 1 Name: Professor: Course: Date: Healthcare Economics The Patient Protection and Affordable Care Act (PPACA), is called health care restructuring. In the United States of America it was endorsed as a policy by President Barack Obama on March 23, 2010.The Senate on December 24th 2009, by a vote of 60-39 with all democrats and two independents voting for, and all republicans voting against. The Patient Protection and Affordable Care Act the House of Representative on March 21, 2010, by a vote of 219-212, with democrats and all 178 Republicans voting against the bill (Buss & Water, 61). The Patient Protection and Affordable Care Act is far-reaching legislation that will affect economic activity far beyond the one-sixth of the United States economy identified as health care sectors. How Mandates Increase Costs When a new mandate is implemented the policy change increases the affordability and accessibility of health care coverage. For instance, in June 2002, the Washington Policy Center examined and proposed that the government obligated mandates adding to the rate of health insurance. The same year health insurance premiums in Washington and the entire nation escalated from an annual average of $ 3,080 for individual and $8,000 for families to $ 4,800 for individuals and $13,400 for families. Surname 2 Individual Mandate The individual mandate is the solitary most significant and contentious feature of the Patient Protection and Affordable Care Act. This mandate needs a person without cover to either buy or pay a fine (Buss & Water, 87). The personal mandate was initiated so as to provide indemnity to people with pre-existing status and those without cover, who mostly seek cure in high-cost emergency rooms. The individual mandate is preferable because of rationales over the option of a common tax offset by credit for qualities paid. It was chosen over the alternative of a general tax offset by credits for premiums paid. Democratic lawmakers did not w...
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