The Affordable Care Act Essay Example | Topics and Well Written Essays - 250 words

The Affordable Care Act - Essay Example he law introduced various mechanisms such as insurance exchanges and subsidies with the aim of increasing and improving healthcare coverage and affordability. Moreover, ACA requires insurance companies to offer healthcare coverage to all applicants in line with the new minimum standards as well as offer similar rates despite sex or pre- existing conditions. Further, the law reforms the healthcare system by reducing costs as well as improving healthcare outcomes (United States, 2010). This is achieved by shifting the system to focus on quality over quantity through regulation, increased competition in addition to incentives to rationalize the delivery of healthcare. ACA exempts some individuals from the plan. These individuals excluded from the insurance mandate included illegal immigrants, citizens not registered in Medicaid even though being eligible, but opting to pay an annual penalty, citizens residing in states not covered by the program as well as the military, and the poor (Gruber & Newquist, 2011). The U.S.A. Supreme Court on June 28, 2012 upheld the constitutionality of ACA’s individual mandate citing that it was within the Congress taxing power in a suit National Federation of independent Business V Sebelius. The Court, however, upheld that individual states cannot be compelled to participate or engage in ACA’s Medicaid expansion under in fear of losing their current Medicaid funding (Gruber & Newquist, 2011). Since its passage and the ruling, ACA has witnessed various challenges in its implantation within Congress, some states, conservative advocacy groups, small business organizations, federal courts, and unions. ACA’s early implantation effort nearly received unanimously negative reactions from media and politicians. Moreover, HealtCare.gov, which is the website permitting citizens to apply for insurance coverage, crashed on the opening and faced a series of problems within first month of implementation (United States, 2010). However, that

Title Essay Example | Topics and Well Written Essays - 1000 words - 1

Title - Essay Example Therefore, our feelings, living conditions, and other important aspects that contribute to a happy life are sacrificed for the benefits of other people. As a result, this has led to unhappy life among the people in different spectrum. In the past one decade, many companies have expanded their markets with the aim of increasing their overall revenues. This is because with the increasing levels of globalization resulting from liberalization of markets, efficient flow of information, and integration of economies, the level of competition has increased tremendously. This results from the entry of multinational companies which have a huge financial base to segment the market, position their products or services strategically in the market and attract customer loyalty towards their products or services. However, the intensified competition has increased the level of uncertainty among the consumers. In the meantime, the customers cannot be able to predict the future prices of the commodities. Each company is trying to implement new strategies in order to increase its market share. Furthermore, they have kept their competitive strategies as a secret in order to lower the chances of the competitors reacting towards their new move. Moreover, the companies keep on introducing new products in the market in order to diversify the source of revenues, an aspect that is aimed at reducing the risks and uncertainties associated with concentrating on a single product. Therefore, these aspects are making it hard for the consumers to know what will happen in the future and whether it will affect their financial stability. In order to a bit feel secure, the customers are forced to undergo some happiness in order to save the available money. This is making it hard for them to lead happy and satisfying lives. Majority of the people are employed in the corporate sector. With the increasing levels of competition in the market,