When the Affordable Care Act (or Obamacare) was put into effect on March 2010, many felt it was a big step in healthcare reform. Unfortunately, it was a huge step backwards. Critics pointed out the number of problems plaguing Obamacare. These range from high-risk pools that were underfunded to increasing government deficit as a result of revenue lacking in offering for those who receive affordable healthcare.
An Ideal Healthcare Reform Plan
There are a number healthcare reform plans that could be deployed to make things better. Here’s one smart healthcare reform plan worth noting:
Aside from global viewpoints and political ideas, both politicians and economists agree on how the law of supply and demand as well the price action dynamics are being done frequently in the market. What’s more, U.S. citizens agree how incentives can be a powerful thing.
With this tailored healthcare plan, whenever a doctor is treating someone lacking a health insurance, each priced treatment will end up being a non-taxable income produced by the doctor. Nevertheless, taxes can still be taken from the income being generated stemming from insurance companies.
What’s more, such plan triggered an effect to current insurance companies. To curb customers from leaving out their healthcare plan and opting to be uninsured as a result of lowered costs, premiums would also take a dip. Insurance companies would want to, as much as possible, be an attractive option to customers. The only approach to doing this is by decreasing their very own healthcare coverage.
It’s understandable the problems experienced by high-risk patients and those suffering from pre-existing conditions still need to meet certain requirements. Regardless of how doctors would want to minimize costs, those labelled under the “high risk” category may end up not paying for the coverage required.
Proposed Plan Advantages and Significance
The plan in itself, is a lot better than Obamacare for a number of reasons. Firstly, there’s the absence of a government healthcare pool which entails each citizens to ensure the distribution of costs remain equal. If the government requires uninsured Americans to either go for a healthcare plan or pay up taxes for one’s subsidized healthcare, expect the plan to fail sooner or later. This approach is never a smart thing to begin with.
Americans are expressing serious concern on today’s healthcare industry and whether or not such law could have a negative impact to those working within the industry. Hence, the proposed plans offers an incentive for those in the healthcare field to push for enhanced coverage.
It’s no doubt that Obama care has been a big failure. Even if it does bring in healthcare to a large number of Americans, it’ll be a heavy burden for the Americans themselves, healthcare industry, and the government. A simple yet smart approach like the one mentioned should be carried out.