The patient protection is one of the most significant concerns that every type of government has been dealing with. Many people are in need of different kinds of health and social care and protection in order to survive their specific needs and concerns. For this reason, the Patient Protection and Affordable Care Act has been introduced by the government to help all the financially struggling citizens cope up with the health care demands.
Pros of Patient Protection and Affordable Care Act
- Additional coverage – About 32 million of US citizens do not have health insurance. This time, they can already take advantage of such coverage starting the year 2014.
- Reduced Gaps in Budget – The health care costs have been reduced through this health care protection implemented by the US government. CBO (Congressional Budget Office) has estimated that PPACA is going to reduce the budget deficit of the county by about $143 in the year 2019. This is due to the associated fees and taxes of the health care act.
- Lower deductions, higher taxes – The Americans who are not paying for their insurance and who did not qualify for Medicaid can be assessed with $95 tax (or equal to one percent of total income, whichever has been higher) in the year 2014. This tax will be increased substantially up to #325 (equal to two percent of the total income in 2015. And in 2016, this will be increased for about $695 (or about 2.5 percent of a certain individual’s income.
Cons of Patient Protection and Affordable Care Act
- Higher costs of drugs – The pharmaceutical companies is going to pay for extra amount of $84.8 B in fees in the coming next 10 years. This will be done as a payment for closing the Medicare “donut hole”. It may raise the costs of drugs once they passed the fees on to their consumers.
- Health care professionals’ shortage – Tthe National Monitor predicted that the PPACA’s implementation, which is associated with the aging population of the nation, may lead into the shortage of about 52, 000 physicians for primary care by 2025. It may leave millions of the US citizens with no access to health care.
In order to learn more about it, it is highly essential to be familiar with the Patient Protection and Affordable Act pros and cons. In this way, you know how this Act will work in the entire process. If you really want to ensure that you will get the best and complete information, the most ideal thing to do is to visit the official website of this act.
