An Exploration of Health Care Legislation: Obamacare
Americans have become divided over many issues at the heart of the current political climate. Part of this societal division has come in the form of the Patient Protection and Affordable Care Act (PPACA) or as it has been dubbed Obamacare. This 906 page composite bill is one of the most controversial and influential in recent history effectively drawing widespread praise with equal criticism. With such a delicate economic situation currently in America and much of the world, the implications of what this legislation means to American citizens are being used as political ammunition on both sides of the fence. This leaves the majority of the population misinformed and confused. Examination of Obamacare has rarely been coherent and straightforward in regards to the economic implications passing of this bill will have on Americans and the economy as a whole. Costs and Universal Care
The necessity for an overhaul in the healthcare system is not a logically arguable point; with healthcare costs consuming roughly 17% of the U.S. gross domestic product annually. That means that 1 in every $6 of the total amount of goods and services produced are eaten up by healthcare costs. With almost 17% of Americans being uninsured the need for a workable health care system that both reduces costs and insures those without coverage is essential for the well being of all Americans. This is crucial to Obamacare because many of the bills supporters reference both the Canadian and Massachusetts systems and their respective successes. While opponents of Obamacare state that the Canadian system is a step towards Socialism and provides poor quality of care. Taxation of The Wealthy
Conservatives who oppose the bill quickly site the large tax increase provisions and are immediately discounted by proponents who claim that only the wealthiest of Americans will be affected. Many Liberals argue wealthy Americans can afford an...