Obama Care Essay Example | Topics and Well Written Essays - 750 words

Obama Care - Essay Example The Act requires that a significant percentage of the income group should have health insurance. The act is helpful to low-income adults because of the expansion of Medicaid. The act also introduces programs that aid early retirees’ insurance programs. The PPACA is also supportive to workers at their old age, who would benefit from the coverage, according to Begley et al. (2012). Employers can have insurance cover for the group of employees that go for early retirement, between the age of 55 and 64. This is helpful to these employees since they have the assurance of insurance even if they take early insurance. The Act also expands insurance to non-employed youths aged between 19 to 25 years through their parents’ coverage. According to Begley et al. (2012), the various reforms are beneficial to employees. According to Hoffman (2011), the act reduces the burden of cost of insurance on just a limited potion of employees. The act is instrumental because of its level of reg ulation of insurance rates. The various discounts on wellness programs introduced, by the act, are important and helpful to employees. The act has several financial security provisions that could be helpful in reducing the expense of medical care as well as premium cost (Hoffman, 2011). For instance, the provision that health plans should limit the cost-sharing obligation renders it cheap to afford health care. Miller (2012) provides a contradicting opinion that the PPACA to is economically burdening to the employees. The act, according to Miller (2012), has its basis on improper analysis of its economic implications on workers. The act does not follow any explainable principle and, instead, diminishes some roles of the federal government related to regulation of insurance. In the opinion of Miller (2012), the expansion of tax allocated to insurance would be a better policy provision compared to imposing the cost on workers. Tax expansion was a more suitable source to finance the in surance coverage stipulated in PPACA than making the workers pay for it. The individual responsibility outline in the act is unconstitutional and unnecessary, according to Miller (2012). McDonough (2012) identifies the extent of opposition that the PPACA reviewed since its congressional debate began in 2009 to its declaration as being lawful in 2012. Those in opposition of the act highlighted the economic effects of the provisions of the law. The law would escalate the expenses of states and further create a burden on their budgets. The burden and effects of the burden roll down to workers who directly pay for it. In general, there are more beneficial to workers that come with the approval of PPACA than those having the contrary opinion present. It remains the basis of success in achieving reforms in the country's health insurance system. The act places the role of employers in ensuring efficiency in health insurance at the center and, therefore, creating remarkable changes (Eibner, Hussey & Girosi, 2010). Insurance supported by the employer increases efficiency in expanding cover of employees. Full implementation of PPACA would transform the health insurance markets in the country. It would help to change the decision of workers concerning the enrollment for health insurance cover. The act places various advantages to workers. There is a notable reduction in direct expenditure out of pocket. High out-of-pocket expenses, notably, is one of factors that contribute to the low coverage of