Argument essay Example | Topics and Well Written Essays - 750 words

Argument - Essay Example Unpopular when first proposed and passed in 2010, the ACA has steadily gained acceptance since the Supreme Court ruling on the constitutionality of the law last June. The disagreement is between two opposing ideologies. One that believes health care should be a commodity much like any other, you buy as much as you can afford and if you cannot afford it then do without. The other thinks all citizens are entitled to the bare essentials of life including food, shelter, clothing and healthcare. Before the ACA passed and was a still a bill trying to survive in Congress, legislators and the American public were locked in a contentious national debate that further divided a nation already deeply separated by a conflicting concept regarding the country’s ideological direction. One side was frightened that â€Å"creeping socialism† was undermining the â€Å"American ideal.† They did not want European style governance claiming that the transformation would change the found ations of the country into something unrecognizable to them. The anti healthcare faction went as far as to use groundless scare tactics such as saying Obamacare death panels would come for grandma after she became too unhealthy to justify paying for continuing care. This and other statements just as untruthful and outrageous were not found on a radical, unknown blog posts but were spoken on the Senate steps by elected representatives in front of cameras and microphones. The battle was tough even by Washington D.C. standards but was won and subsequently preserved by the Supreme Court and the November 6 election. Despite the rumors of death panels killing dear old Grandma, the AARP and AMA along with nearly every person or organization involved with health care delivery supported the ACA and for good reason. The law already forbids health insurance companies from dropping coverage if a policy holder becomes ill and discriminating on the basis of pre-existing conditions and age. It all ows easier access for everyone, lets children age 26and under to stay on their parent’s plan, assists with long-term care and strengthens Medicare. The law also addresses preventative care. Already, insurance companies must pay for preventative services such as diabetes screenings, mammograms and immunizations at no cost to the patient and without adding to their insurance premium. By 2014, when it is fully implemented, annual and lifetime coverage limits will be a thing of the past. This means benefits will not end when they are most needed, during a serious and costly stay in the hospital. Small businesses and middle income families will receive tax credits which will guarantee all can afford healthcare (â€Å"Fact Sheet,† 2012). Opponents to health care reform seem to favor the components of the ACA but not the law as a whole. They fear the level of care will decline providing compelling evidence to back up their claim. â€Å"Fewer than 700,000 physicians would be available to treat a patient population growing in size, aging in years, shunning medical education and receiving ‘free’ health care or insurance coverage from the government in increasing numbers.† (â€Å"Doctor Shortage,†

Econ2010-4 Assignment Example | Topics and Well Written Essays - 250 words

Econ2010-4 - Assignment Example es identifying â€Å"Social Cost†; market â€Å"equilibrium quantity consumed and price†; â€Å"external cost of antibiotic use†; â€Å"deadweight loss†; â€Å"efficient equilibrium† if one exists; and â€Å"private value†. 3. Earlier in the Economics 2010 course we learned that a tax on an ordinary good increases deadweight loss. Does the same impact result with the imposition of a tax on a good with an external cost? Explain. Yes; a tax would cause a change in the equilibrium price and quantity resulting to a inefficient market. 4. Explain the use of the â€Å"COASE THEOREM† in solving private problems of externalities. Under what conditions does the Coase Theorem breakdown as a mechanism for solving private externality issues and restoring efficient market equilibrium allocation? Explain. The theorem states that in case there is a conflict of property rights the parties involved may negotiate on terms that seem to be more beneficial to them than the assigned rights of the property. The theorem will breakdown when there are huge costs associated with bargaining. 5. Explain and/or graph with explanation the difference between controlling and regulating a negative externality by use of a â€Å"Corrective Tax†; a â€Å"Pollution permit system and market†, or a â€Å"Command and control† regulation. Explain the pros and cons of these 3 types of resolution of the negative externality problem. It is the summation of all the sales that a company makes together with other additional sources if incomes for a given period of time during the production process for a given product. It is usually given as Total revenue = price Ãâ€" quantity + other incomes Opportunity cost is the cost that somebody suffers for choosing the alternative decision over the other and it is always considered that the best choice is made between the options; the lesser privileged choice is foregone to pursue the other for more benefits to be yielded. The cost of the neglected choice is considered