OBAMA Care

About Obama care

“Obamacare” or “Patient Protection and Affordable Care Act” is health insurance law and public health system in USA. The policy was pushed by the administration of Barack Obama. Who is the president of USA in at this moment. He signed this policy into law on March 23, 2010. But the policies It will come into effect on January 1, 2014. It is the largest-ever U.S. health care reform. People can achieve better health outcomes, lower prices, and improved distribution and accessibility methods.

About Policy

they also have a condition. By It comes from the group insurance system offered by insurance companies to private companies. Purchase to protect employees and there are 3 groups receiving support from the government as follow.

1. Seniors over age 65 receive a benefit called Medicare, created to address the high medical costs for seniors. Especially when they have a reduced income.

2. poor people with low incomes Receive benefits called Medicaid, including the Children’s Health Insurance Program (CHIP) or Children’s Medicaid for children 18 and under.

3. civil servants such as soldiers, representatives, senators, or veterans and so on.

For people who can’t receive health insurance from their employer or government. You will have to purchase health insurance yourself. The population in this section is approximately 48 million people, accounting for 15% of the entire country’s population.

Contrast

Previously, In the United States the government does not provide public health benefits to people. So, the main goal of “Obamacare” is to make health care a right that everyone should have. And it doesn’t depend as much on being rich or poor as it is.

On the other hand, there have people with different ideas. Like Republican Party which has been trying to block this law since before it passed Congress. They are trying to block this project by not passing the annual budget for this project. So the reason why they are disagree here there are.

1. The Republican Party prefer free market. and oppose government intervention in the economic system And of course, the government comes in and sets rules to enforce life insurance companies and private hospitals. It would be an intervention in the economic system. In addition, Republicans viewed that the government forces people to buy insurance. By adjusting those who don’t buy it. It is not a personal freedom.

2. Republicans say this policy will make the US government Budget deficit. And lead to the public debt.

3. Republicans said that Obamacare will put many people out of work. Because forcing private companies to buy insurance for their employees It will cause companies to reduce workers. and hire part-time employees Instead of full-time employees Just avoid the cost of health insurance.

Opinion

By the way, this policy expanded access to healthcare for millions of Americans, especially those with low incomes, through Medicaid expansion and subsidies. Moreover, the creation of these marketplaces aimed to increase market’s share and competition and provide individuals with more choices when selecting health insurance plans.

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This article is a part of the class 
“751309 Macro Economic 2”
supervised by Asst. Prof. Napon Hongsakulvasu
Faculty of Economics, Chiang Mai University

This article was written by 

Jeerapha Jeeraya 651615008