Using the internet, research and discuss 1 positive and 1
Using the internet, research and discuss 1 positive and 1 negative aspect of the Affordable Care Act. Make some suggestions on how you feel this issue can be addressed. Be sure to include the URL link/s to your research.
For example, one criticism is that although the healthcare marketplace was supposed to give consumers choices of health plans from insurers that compete to keep premiums down, fewer insurers seem to be participating and premiums are increasing sharply. This is in part due to the fact that the marketplace attracted too few consumers with little or modest health needs and instead attracted a larger proportion of sicker ones, which resulted in healthcare costs outstripping premium revenue. Therefore, an insurance company either opts to exit the market as they are not earning enough money to keep up with the costs or increase their premiums to try and close the revenue-cost gap. The increase in premiums, however, can further discourage consumers, particularly healthier ones, from enrolling, which worsens the problem.
One solution to the above issue is to subsidize the insurance plans to minimize their risk of loss. This helps the market stabilize and allows plan enrollment to grow. This is also referred to as a risk corridor program.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
