Nova workboard

a blog from young economists at Nova SBE

Obamacare

The Patient Protection and Affordable Care Act, known as the “Obamacare”, is a bill signed into law to reform the health care industry in the US. Today there are millions of Americans without health care. Every year many people go bankrupt because of health expenditures or lost income due to illness. People even die because of inability to pay for treatment. With the new health care system we will see millions of uninsured Americans get access to affordable and quality health insurance.

 

The opening of the online health insurance marketplaces on Tuesday 1th of October was the result of more than three years of political battle that had been ongoing since the Obamacare act was signed into law in 2010. The Republicans have long been trying to make an end to this law, but the insurance-purchasing websites still opened on Tuesday. The fight has now come down to a shutdown in the US Government. Non-essential services will temporary be stopped keeping more than 700,000 workers at home. The two sides, Republicans and Democrats, could not agree on a new budget for the 2013-2014 financial year. The Republicans kept including cuts and delays to Barack Obama’s Affordable Care Act in the budget legislation they sent up to the Senate.

 

How far would the Republicans be willing to go to stop this legislation? What does this fierce resistance against letting millions afford health care build upon? Is this the liberty seeking Americans aversion of being told what to do, or is this just the Republicans fear of this proposal actually working?

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Author: studentnovasbe

Master student in Nova Sbe

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