Question

The Affordable Care Act increased the number of individuals with health insurance in the US.

How would you expect this to impact the total amount of spending on health care (including spending by both individuals and by insurers)?

Why might we consider it a good thing if spending on healthcare increases?

Answer 1

Answer - As a result of the affordable care act , the health care insurance is provided to the public . This reduces the burden of the healthcare cost upon the individuals as some part of the cost of heathcare is provided by the government. This leads to the reduction in the medicare and health cost of the public. Due to this more and more people are the part of this act.

Due to the fall in the healthcare cost , people will more likely to take care of the health and medication. This will lead to the better health outcomes , enhance the productivity of economy and hence benefit the economy ultimately.