ECO 111 Lecture Notes - Lecture 1: Health Insurance Mandate, Patient Protection And Affordable Care Act, Adverse Selection

31 views3 pages
Healthcare Goals
Goal: Universal Coverage:
- Increases direct costs
- Reduces absences
- Increases productivity
- Reduces adverse selection and moral hazard problems
- Reduces negative externalities
Another Goal: Break ties to employment
- Reduce job-lock
- No pre-existing condition clauses
Main Obamacare Reforms
- Kids can stay on parents plans until age 26
- Outla deial of oerage for pre-eistig oditios
- Outla lifetie eefit aius
- Individual mandate
o Must u o ehage
o 5% already buy individual insurance
o 15-20% no insurance
o If your employer offers insurance you must take it
o If you do not, you must buy on the exchange
o Pay a fee if you do not
Medicaid Expansions and Individual Mandate takes effect in 2014
find more resources at oneclass.com
find more resources at oneclass.com
Unlock document

This preview shows page 1 of the document.
Unlock all 3 pages and 3 million more documents.

Already have an account? Log in