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Affordable Healthcare Act

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Affordable Health Care for America Act (H.R. 3962)

The Economic Impact
The Affordable Health Care for America Act (H.R. 3962 was originally signed into law by President Barack Obama in November 2009, but was not upheld by the Supreme Court until June 2012. The updated statue is known as Patient Protection and Affordable Care Act. The purpose of this reform is to provide affordable and quality health care for all Americans. At the State level, insurance companies are required to justify rate increases of ten percent or more to make sure that the increase is not unreasonable for individuals and small businesses. States should have a Rate Review program established, if not then the Federal Government will perform the rate reviews for that state. This will affect the state because small business will not have to cut back on employees due to increases in health care premiums which in turn could possibly reduce unemployment, Medicare/Medicaid and food stamps benefits at the state level.

Equity of Resource Allocations in U.S. Healthcare
Under the Affordable Healthcare Act, all Americans will have access to affordable and quality healthcare. This bill should reduce the number of uninsured people by thirty million. The Congressional Budget Office (CBO) predicts a 200 billion dollar reduction in the federal deficit over the next ten years and a decrease in healthcare spending by the government. This act will provide tax cuts and subsidies to employers to help increase the number of insured employees. Insurance companies must provide insurance to all regardless of race, pre-existing conditions (excluding tobacco usage) or gender. Americans will no longer be denied insurance because of prior medical history. Low income families will receive Medicaid or subsidies based on their income in reference to the federal poverty level. For the elderly population, Medicare will

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