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Obamacare

Introduction

This piece of study aims to lime light numerous fiscal and economic consequences of the Patient Protection and Affordable Care Act (PPACA). This health care reform law was signed on March 23rd, 2010, by President Barak Obama. Several public opinion surveys proved that as knowledge of most of the Americans grow about this health care reform law; its unpopularity is also increasing. A major portion of people believe that it's an unconstitutional reform. Numerous lawsuits arose before even the President's signature's ink dried on Patient Protection and Affordable Care Act, stating that the mandate of the measure Obamacare regarding individuals purchase health insurance is unconstitutional. Moreover, now the Supreme Court has also agreed to hear the cases that challenge Obamacare. Numerous legal organizations also pointed the constitutional problems of this reform other than the individual mandate. Hence, following discussion aims to discuss the major consequences of Obamacare.

Discussion

“Obamacare” or H.R. 3590 is a diversified law tries to revamp the entire American health care system. It comprises of ten detailed outlines that form its basis. It's an extremely lengthy health care reform law comprised of almost 1990 pages, which is even longer than “War and peace” of Leo Tolstoy. Obamabcare impacted the lives of almost all every American and is one of the most widespread programs of the federal government since Social Security. Of the ten titles of Obamacare, each title comprises of a set of directions for Department of Health and Human Services (HHS). Other federal departments such as Internal Revenue Service and Social Security Administration also get involved sometimes. This reform also connects to hospitals, state health departments, medical schools, non-profit organizations, public schools, and businesses. The titles include providing quality health care for every American, improving medical, CHIP and long term care, positive outcomes for medicare and rural health, disease prevention and improving health, financial aid for medical and nursing school and health centers, how we will pay for Obamacare, and four more (Pravel, pp. 1).

The consequences of Obamacare

As a matter of fact, several rationales supported this legislation, such as; it would result in the reduction of deficit of the federal budget, and lead in the creation of jobs. However, numerous other evidences proved that it will result in neither of the above mentioned effects. Moreover, the fiscal and economic consequences of the Patient Protection and Affordable Care Act (PPACA) are as follows:

Economic consequences

Economic forecasts ...