Post an explanation for how you think the cost benefit analysis in the statement from page 27 of Feldstein (2006) affected efforts to repeal/replace the ACA. Then, explain how analyses such as the one portrayed by the Feldstein statement may affect decisions by legislative leaders in recommending or positioning national policies (e.g.,Congress’ decision impacting Medicare or Medicaid.
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A cost-benefit analysis explores the strengths and weaknesses of the subject, and then the results acquired help in determining if the issue is worth the PLACE YOUR ORDER NOW AT writtask.com |been in operation since 2010. The cost-benefit analysis has been essential in defining and determining the benefit of the system to the public (Golden, 2018). While it has helped in PLACE YOUR ORDER NOW AT writtask.com | the costs of healthcare for the people, it has also caused significant differences in the running of insurance firms and the states.
The Act has proven to be quite PLACE YOUR ORDER NOW AT writtask.com |adults, and healthier people. This is primarily because the Act tends to sponsor and support individuals who may have pre-existing conditions. This leaves the insurance firms with an PLACE YOUR ORDER NOW AT writtask.com |deficit that the PLACE YOUR ORDER NOW AT writtask.com | individuals and younger generation tend to pay for through expensive insurance payments (Feldstein, 2006). The rules and regulations of the Act have also affected companies, compelling employers to pay for their employees’ health insurance. The Act has also affected governance by requiring that the states that implement the Act are subjected to outrageous taxes.
The results PLACE YOUR ORDER NOW AT writtask.com | a significant effect on the decisions made by the PLACE YOUR ORDER NOW AT writtask.com | leaders as pertains to the ACA (Feldstein, 2006). Some of the proposed policies affecting Medicaid is the restriction of care for immigrants. Secondly, the imposition of premiums on people PLACE YOUR ORDER NOW AT writtask.com | in poverty. Thirdly, the limitation of coverage for people who do not meet the set work requirements.
Congress can refer to the analysis statement PLACE YOUR ORDER NOW AT writtask.com | to ensure that any decisions made on the PLACE YOUR ORDER NOW AT writtask.com | policies are more beneficial than harmful to the larger American population. It will also help in assessing any more changes that may need to be PLACE YOUR ORDER NOW AT writtask.com | to make the Act better, more accessible, and inexpensive for everyone involved.
References
Feldstein, P. (2006). The politics of health legislation: An economic perspective (3rd ed.). Chicago, IL: Health Administration Press.
Golden, M. (2018). Health Insurance Plan Regulation after the Affordable Care Act: A Cost-Benefit Analysis Comparison. Harv. Bus. L. Rev. Online, 9, 1.
Nas, T. F. (2016). Cost-benefit analysis: Theory and application. Lexington Books.