Affordable Care Benefits
are the benefits of providing a premium plan worth $6,720 more per year per individual? These are the types of decisions that companies are having to make. They have to weigh the marginal costs with the marginal benefits. When you look at this information as a rational decision maker one can reason that it is not worth paying the 40% tax. Meaning that since the marginal benefits do not outweigh the costs companies are deciding to do away with the premium plan and look for one that meets the government’s thresholds. The government has made marginal changes with regard to its action plan for the Affordable Care Act and companies have been utilizing rational thought processes by evaluating the marginal costs and benefits of the 40% tax that will
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The incentive to having healthcare insurance was to improve access to medical services and to improve the health of society as a whole. The ACA increased the eight preventative services to ten covered benefits. These ten preventative services have no co-pays and offer a more personalized healthcare plan. Which has improved the early detection of disease such as diabetes and high blood pressure that reduce a patient’s health care risk factors. This is an added incentive for the government as it also lowers the overall cost of healthcare. These benefits were once out of reach for most Americans who had either high co-pays or no insurance at all (Teng, …show more content…
This policy has a positive impact on American’s standard of living and their ability to produce goods and services. Because the Affordable Care Act provides all American’s with insurance, this will increase the life spans of Americans. According to an article in the New England Journal of Medicine, the Affordable Care Act increases American’s access to preventive care and facilities (Koh & Sebelius, 2010). Having and utilizing this better healthcare will extend the lifespan of Americans. If American’s are living longer, this will increase their ability to produce goods and services especially in specialized fields of
The incentive to having healthcare insurance was to improve access to medical services and to improve the health of society as a whole. The ACA increased the eight preventative services to ten covered benefits. These ten preventative services have no co-pays and offer a more personalized healthcare plan. Which has improved the early detection of disease such as diabetes and high blood pressure that reduce a patient’s health care risk factors. This is an added incentive for the government as it also lowers the overall cost of healthcare. These benefits were once out of reach for most Americans who had either high co-pays or no insurance at all (Teng, …show more content…
This policy has a positive impact on American’s standard of living and their ability to produce goods and services. Because the Affordable Care Act provides all American’s with insurance, this will increase the life spans of Americans. According to an article in the New England Journal of Medicine, the Affordable Care Act increases American’s access to preventive care and facilities (Koh & Sebelius, 2010). Having and utilizing this better healthcare will extend the lifespan of Americans. If American’s are living longer, this will increase their ability to produce goods and services especially in specialized fields of