Universal Health Care is a system, where the government of a nation interferes in the health care process, to ensure that every citizen or resident has access to required medical facilities and services. Germany has one of the oldest Universal Health Care systems. It was started some time in the 1800s and was initiated by Otto Van Bismarck. All wealthy industrial nations have some or the other form of Universal Health Care. Until recently, the U.S was the only wealthy industrial nation that did not have a Universal Health Care system.
[...] Benefits of the PPAC Act This act in conjunction with the Health Care and Education Reconciliation Act will ensure that Americans will have good and affordable health insurance. The Congressional Budget Office claims that this act will reduce the health care cost, bend the cost curve and will reduce the deficit by $143 billion over the next ten years. This Act will reduce the cost of health care for people from middle- class families and provide health care to the elderly. [...]
[...] After a lot of effort, opposition and discussion, the Patient Protection and Affordable Care Act was written as law on the 23rd March Summary of the Act The major provisions of the act are: To amend the existing Public Health Service Act to prohibit insurance companies from excluding people with pre-existing conditions. To prohibit a health pan from dropping out an enrollee except in case of fraud. To establish an American Health Benefit Exchange for purchasing qualified Health Insurance Plans States to establish one or more reinsurance entities to better assist in health care availability to all Individuals to maintain a minimum health care coverage failing which a penalty will be imposed. [...]
[...] A CNN poll conducted between the 25th to 28t March stated that the approval ratings for president Obama had gone up by five points after the passage of the Health Care Bill. Impact on Employers All employers whose annual income exceeds $250,000 have to either pay a new addition payroll tax or provide insurance to their employees. The more jobs an employer creates, the higher the tax he pays. The tax range may vary from to 8%. An employer can evade tax if he wishes to provide insurance coverage to his employees. [...]
[...] Five other states joined subsequently making the total number of participants eighteen. Conclusion The cost of spending on Medicaid and Medicare will rise from 6 current) to 15% of GDP by the year 2040. So a Health Care reform is needed to sustain these costs of Medicare's financing comes from general revenue. Due to rising health care costs, general revenue will have to pay 62% of Medicare costs by 2030. The Patient Protection and Affordable Care Act comes as a savior at this [...]
[...] S Health Care Expenditure with other Countries The United States spends a lot of money every year on Health care. Nations such as Canada, Italy, the U.K and Japan have a public health care system but still do not spend as much as the government health care in the U.S. Private Insurance companies and individuals also pay towards health care apart from the funds spent by the government. The U.S health care system is one of the most expensive systems in the world with its spending on health care being about 16% of its GDP. [...]
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