The Affordable Care Act, Helping or Hurting?
The Affordable Care Act, Helping or Hurting?
Merriam-Webster’s definition of socialism is “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods”. The Affordable Care act permits the U.S. Government to strictly regulate the health care system, almost to the point of eventual monopolization. The act is also known as “Obamacare”, even though it is a program Democrats have sought to pass since the presidency of Bill Clinton (“Making the Case”). It plans to extend affordable coverage to 32 million Americans, cut back on money citizens pay for medicine by establishing protective tariffs, offering deductibles and making it easier to qualify for Medicaid, which sounds good, but few think the program as a whole is beneficial(“Health Care Reform”, “Making the Case”, White House). Three out of Ten people do not understand what the government has posted on its sites; sites that are supposed to help inform the public about the act(Agiesta). The Affordable Care act suggests the distribution of wealth throughout the financial system, which is devastating to all social classes and fiscal stability if the act is not repealed.
The US government suggests the taxing of upper classes, and their luxury items to pay for the Affordable Care act. Not all money comes from the taxation of the rich, but almost 85 percent of the 940 billion dollars comes from a tax on those making more than 250,000 dollars a year (“Health Care Reform”). Where does all of the money taxed and borrowed through bonds to pay for the act go? Money taxed from the rich is used to offer subsides, deductibles, give seniors free wellness checkups and remove co pays on certain health services (“Making the Case”, Agiesta). Also, families who make less than 22,000 dollars a year are eligible for Medicaid, discounts on their health insurance and larger tax credits (“Making the Case”). Health insurance
Merriam-Webster’s definition of socialism is “any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods”. The Affordable Care act permits the U.S. Government to strictly regulate the health care system, almost to the point of eventual monopolization. The act is also known as “Obamacare”, even though it is a program Democrats have sought to pass since the presidency of Bill Clinton (“Making the Case”). It plans to extend affordable coverage to 32 million Americans, cut back on money citizens pay for medicine by establishing protective tariffs, offering deductibles and making it easier to qualify for Medicaid, which sounds good, but few think the program as a whole is beneficial(“Health Care Reform”, “Making the Case”, White House). Three out of Ten people do not understand what the government has posted on its sites; sites that are supposed to help inform the public about the act(Agiesta). The Affordable Care act suggests the distribution of wealth throughout the financial system, which is devastating to all social classes and fiscal stability if the act is not repealed.
The US government suggests the taxing of upper classes, and their luxury items to pay for the Affordable Care act. Not all money comes from the taxation of the rich, but almost 85 percent of the 940 billion dollars comes from a tax on those making more than 250,000 dollars a year (“Health Care Reform”). Where does all of the money taxed and borrowed through bonds to pay for the act go? Money taxed from the rich is used to offer subsides, deductibles, give seniors free wellness checkups and remove co pays on certain health services (“Making the Case”, Agiesta). Also, families who make less than 22,000 dollars a year are eligible for Medicaid, discounts on their health insurance and larger tax credits (“Making the Case”). Health insurance