Page 121 - TrumpsEconEra_Flat

Trump’s Economic Era

Patient Protection and Affordable Care Act

Obamacare extends protection to millions of
people by expanding Medicaid, accepting people with
pre-existing conditions, and subsidizing qualified
people to help them buy insurance from companies in
the government-run exchange. Policies offered on the
exchange have to adhere to one of four government
plans. The bill establishes a panel of experts who have
the authority to determine the limits of government
reimbursements for qualified people. As of this date,
the majority of participants receive the subsidy.
A Boston University/Harvard Medical School
study suggests that Obamacare has shifted up to 80% of
people from their private insurance onto Medicaid.
However, less than 50 percent of doctors are accepting
new Medicaid patients because they often lose money.
With fewer doctors, patients have to wait longer to see
a doctor.

LONG AND COMPLEX BILLS
No person could comprehend the 2,700-page
health bill or the 2,300-page financial reform bill before
they became law. Nobody understood the 6,000 page
Clean Power Plan that commands states to cut carbon
emissions by 32% from 2005 levels by 2030.

Bills and mandates like these have fostered an
atmosphere of uncertainty and fear that erodes
investments, economic growth and diminishes
productivity gains. Such laws can change regulators
into central planning authorities. Friedrich Hayek

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