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Economics
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2 Nov 2020

14. In March of 2010, President Obama signed into law the Patient Protection and Affordable Care Act (PPACA). This is also called:

a. Obamacare

b. Medicaid

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Microeconomics
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Understanding Insurance and Imperfect Information
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Raushan Raj
Raushan RajLv8
2 Nov 2020

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The affordable care act (ObamaCare) has specific quidelines. Does the law of the affordable care act require all insurance companies to mimick all 10 titles and all sections? If so, is there a specific time line when all insurance companies will all be the same?

Although still not yet fully implemented Congress passed a bill creating national health care system, called the Affordable Care Act, also called Obama-care. In what ways do the principles of economics relate to this decision? Describe how each relates and what issues we must consider?

Some aspects of the Patient Protection and Affordable Care Act (PPACA) (2010) may impact the health production function in the following ways: a) An additional 30 million people in the U.S. would move from being uninsured to insured b) PPACA’s emphasis on wellness and prevention c) Grants and technical assistance to employers will be provided to establish wellness programs for workers d) Chain restaurants and food sold in vending machines will be required to provide information regarding the nutritional content of each item sold e) Establishment of accountable care organizations may help to replace the fragmented health care system with a more integrated one Provide an explanation of what these measures are aiming in terms of improving people’s health status according to human capital theory (Grossman, 1972 in Santerre & Neun, 2013) by relating the aforementioned specific policies to the associated variable in the health production function.Based on Bodenheimer and Grumbach (2009) and your related readings (especially Santerre & Neun-chapter 4 & 6)

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