PSCI 3325 Lecture Notes - Lecture 24: Patient Protection And Affordable Care Act, School Choice, Adverse Selection

• School: UT-Dallas
• Department: Political Science
• Course: PSCI 3325
• Professor: Lowry Robert

Document Summary

The central feature of the aca is an individual mandate for purchasing health insurance. Also when healthy people opt out of insurance risk pools, prices rise for those in the pools with poorer health leads to adverse selection" spiral that raises prices for all of us. The bottom line is a lower cost for each individual because the high number of healthy individuals counters those with poorer health. It"s cheaper for the whole country if everybody has health insurance. (had to edit this paragraph because it wasn"t written clearly. The primary reason for the individual mandate is that the affordable care. Act imposes a bunch of regulations that makes healthcare cost more. It requires that people with pre-existing conditions not be charged higher premiums, which makes healthcare cost more. It doesn"t allow for women to be charged higher premiums even though they consume more healthcare, which makes healthcare cost more.