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Review the scenarios below and explain why it would be beneficial to know the financial principles...

Review the scenarios below and explain why it would be beneficial to know the financial principles in each scenario.

Scenario 1: An election is coming up in which the two possible future policymakers have opposing views on healthcare reform. One candidate wants to keep the Affordable Care Act and the other wants to repeal it.

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Answer #1

It is beneficial to know the financial principle in his scenario because there is a cost associated with each of the scenario even if the decision to repealing the affordable care act is undertaken.

One policy maker wants to keep the affordable care act will bear the financial burden through subsidies and other government grants in order to provide affordable care in relation with health care.

Other policy maker want to repeal the affordable care act will have to deal with the higher cost of medical facilities in the country which will lead to to higher health expenses and it could be reflected in the overall budget and having a financial impact either way.

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