The need for improved healthcare access outcomes and patient

The need for improved healthcare access, outcomes, and patient safety are tremendous, and the problems related to making those improvements are daunting. The current financial state of this nation has challenged the United States to support the needs of the citizens. The Patient Protection and Affordable Care Act (PPACA), for example, is a major state and federal government healthcare reform initiative that has significant economic implications on health and medical care markets in the United States. What are the basic economic features of the ACA, and how do basic economic principles shape healthcare services and delivery?

Solution

ACA was crafted to address few basic problems in the healthcare system of the United States.

>>Costs of health care were skewed. Two thirds of the health care spending is from just 10% of the population.

>> Second issue was patients are very well aware of their issues than insurers do. As a result, patients who have an idea that they might incur huge costs are signing up for insurances.

>>The act aimed to provide affordable health insurance coverage for all Americans. The ACA was also designed to protect consumers from insurance company tactics that might drive up patient costs or restrict care.

Features of ACA:

>> ACA  sets national standards for how health insurance is structured and priced, and places new requirements on individuals and employers.

>> The effect of all the features list in this ACT is that millions of people will pay more premium and millions of people will pay less premiums. ACT\'s aim is to ensure that the maximum people can take insurances by making it affordable to those who couldn\'t purchase insurances earlier.

Economics and healthcare:

>> More people were able to purchase insurances.Due to ACA , people who used to amount for major part of the costs are bound to pay high premiums. Overall, government is able to manage its health care costs better after ACA/

>>The provisions of the ACA make it easier for families to access health care services and to meet other pressing needs, which will increase the demand for goods and services throughout the economy at a time. To meet the demand, employment opportunities would increase and hence there would be a reduction in unemployment.

>> Number of people subscribing to insurances has grown rapidly. This leads to a better health of the population. As a results workers become more productive and economy boosts.