PUP-3002 Lecture Notes - Lecture 11: Market Failure, Prescription Drug, Medicaid

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8 Apr 2016
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Concepts: single payer system, paient protecion and afordable care act (obamacare), employer mandate, individual mandate, and medicaid expansion. The government provides insurance for all residents (or ciizens) and pays all health care expenses except for copays and coinsurance. Providers may be public, private, or a combinaion of both: canada, uk, etc, afordable care act is not a single payer system. House of reps voted 54 imes over last 4 years to repeal: senate has not (controlled by dems) Insurance mandate: the government mandates that all ciizens purchase insurance, whether from private, public, or non-proit insurers. Employer mandate: businesses with more than 50 employees must provide insurance to all full ime workers (more than 30 hours per week, delayed unil jan. 1, 2015. Individual mandate: each individual is ulimately responsible to obtain adequate health coverage, fee in 2015: or 2% of income, whichever is higher.

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