The federal health care reform legislation that was signed by President Obama and was upheld by the Supreme Court aims to expand the delivery of health care services to citizens, especially those who need them the most- Americans who cannot afford health care due to expensive insurance and soaring high health care service rates.
The Patient Protection and Affordable Care Act aims to deliver guaranteed, quality health care to almost 30 million more Americans who were once deprived of the top-notch health care that the United States is widely known for. In addition, the newly reformed health care system aims to simplify the process of obtaining health insurance through individual mandate so no American is left behind.
The Health Care Reform Act is a big achievement of the Obama Administration as this greatly changes the once expensive and inaccessible health care system of the United States. There are several benefits in the enforcement of the Health Care Reform Act; all of which are geared towards assisting the public to obtain the best health care in the world. Despite all efforts to please all concerned parties, Obamacare is not as flawless and polished as there are also several disadvantages to its enactment. There is numerous arguments for either side as stated in a CNN post for the pros and cons of the healthcare reform.
Pros of Health Care Reform Act
- The health care reform act aims to benefit up to 95% of American citizens and legal residents. There are currently 50 million uninsured and underinsured people in the country. This fact alone contributes to the growing number of deaths due to inadequate health care services or lack thereof. With the health care system overhaul, over 32 million Americans are expected to obtain health care insurance policies at rates that even low-income individuals can afford.
- Insurance exchanges will provide premium insurance policies, thus reducing the rate of health care on the long haul. With the establishment of public entities that deliver low-cost, but top-notch insurance plans, the industry will become more competitive which will then ultimately reduce payments for insurance policies.
- With the newly overhauled health care system in place, all insurance providers are obligated to accept all applicants regardless of their employment status as well as their pre-existing medical conditions. Each and every American is considered insurable, thus giving them full access to health care services.
Cons of Health Care Reform Act
- There will be huge cost cutting for Medicare. This means that Senior citizens will notice a huge change on the benefits and advantages that they receive from the organization. In addition, the Medicare tax is expected to rise in the next coming years, a bad news for Americans who are soon to be considered as members of the aging boomer population.
- The provision of more cutting edge health care services and affordable health insurance for all means a deficit of over $100 billion. Although proponents of the Health Care Reform Act say that the new public health care policies will greatly reduce the budget deficit, it is unlikely that more spending will lead to more savings and debt reduction for the United States.
- Health care professionals such as physicians and other members of the health care team seem to have been left out when the bills was passed. There are no incentives or financial relief awarded to them in exchange for the provision of health care services. This means that although health services will be cheaper for patients to take advantage of, they also need to endure longer waiting time and more expensive professional fee costs due to lack of incentives for primary health care professionals.
The disadvantages of the Health Care Reform Act cannot be left unnoticed. Despite these challenges, there are far better opportunities that Obamacare hope to deliver- that which is affordable, world-class health care for all.