Current Health Care Reform - Essay Example

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Current Health Care Reform

Under this plan, the government will increase the amount of money taxed to people, and insurance companies will also play a crucial role. The plan is to be fully implemented in 2014, and several legal specifications indicate that it would influence the most of people in a good way as compared to a variety of issues which they normally reject since they assume they are costly. For those who cannot get insurance, there will be a sliding scale of subsidies created to help pay their premiums (Miranda, 2010). Under this plan, pre-existing conditions will not be used by insurance firms to refuse to pay up on health claims. The government will fund Medicare even more by adding 250 dollars to be used in covering prescriptions. Pursuant to this, it is projected that those who paid 100 percent will only be required to pay 25 percent by the year of 2012. This is projected to cost the government the excess of 938 billion within the next 10 years (Andrews, 2012). Furthermore, under the Patient Protection and affordable Care Act plan, more lavish benefits of Medicare, such as gym membership, hearing aids and the likes, are not planned to have been cut. Increases in taxes can also be seen in the fact that, for instance, couples making 250,000 annually will be taxed 1.45 to 2.35 by the year 2013. ...Show more

Summary

The American people pay the largest amounts of money for health among the developed countries (EBSCOHOST, n.d.). This has resulted in numerous attempts of crafting a universal healthcare system that will be affordable to all, including those who cannot afford health insurance…
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