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Chapter 7: Problem 5

What arguments do economists and policymakers who believe that market-based reforms are the key to improving the health care system make in criticizing the ACA?

Short Answer

Expert verified
Critics argue that the ACA limits competition, restricts individual choice and controls costs by regulating prices rather than fostering competition.

Step by step solution

01

Understand Market-Based Reforms

Market-based reforms in health care refer to policies that increase competition among health care providers and insurers aimed at reducing costs and improving quality. They give importance to individual choice, competition and private sector participation.
02

Understand the ACA

The Affordable Care Act (ACA), also known as Obamacare, is a health reform law enacted in March 2010. It has three primary goals: make affordable health insurance available to more people, expand the Medicaid program, and support innovative medical care delivery methods designed to lower the costs of health care.
03

Criticisms of ACA

Critics argue that ACA limits competition by creating health insurance 'exchanges' which act in a more regulatory manner rather than competitive. It mandates individuals to purchase insurance which limits individual freedom to choose. The ACA controls costs by controlling prices rather than fostering competition.

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Most popular questions from this chapter

How can improvements in health increase a country's total income? How can increases in a country's total income improve health?

What is the Patient Protection and Affordable Care Act (ACA)? Briefly list its major provisions.

Between 1830 and 1890 , the height of the average adult male in the United States declined by about 2 inches at the same time that average incomes more than tripled. Did the standard of living in the United States increase during this period? What insight into the health and well-being of the U.S. population might the decline in height provide? Briefly explain.

Some firms offer their employees a health care plan with high deductibles, sometimes as much as \(\$ 4,500\) per year. What effect do high-deductible plans have on how often employees visit doctors or otherwise use health care services? If the federal government were to require that employer health care plans have deductibles that were no greater than \(\$ 200\) per year, would the employees in these plans be better off? Would the employers offering these plans be worse off? Briefly explain.

What is meant by the phrase "health outcome"? How do health outcomes in the United States compare with those of other high-income countries? What problems arise in attempting to compare health outcomes across countries?
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