Question

What would happen to the state of the Country if the Affordable Care Act is Repealed?

Answer 1

The affordable care act is predominantly enacted to improve the quality of health care for the health care workers and patients and improve and have an increased number of people under the act as it made health care affordable. If this is repealed then the effect will be drastic on the economy as nearly 30 million citizens would lose the health insurance along with increased unemployment as people working in the health board along with many others would lose their jobs and the estimated amount is around 1 million unemployed. This would severely impact the economy as it would hamper peoples' purchasing power and will reduce the aggregate demand which will have an effect on the aggregate supply which will bring down the economy on a large scale.