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Affordable Care Act Analysis

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My topic is Is the Affordable care Act as well as tax credits actually affordable for the average consumer or is it causing further financial issues? First let me explain what the affordable care act is all about.
Our healthcare system was in need of some work, but the Patient Protection and Affordable Care Act made changes that no one likes. The way it is set up it gives the federal government control over the benefits and financing and all of the decisions will be made in Washington. The ACA requires all people to carry health insurance or pay a federal tax penalty. The penalty will change over three years; In 2014 it is $95 per adult or 1% of taxable income whichever is greater, In 2015 it is $325 per adult or 2% of taxable income whichever …show more content…
Since the ACA started “An estimated 30 million Americans are expected to gain health insurance through the Affordable care Act (ACA) which is the largest reduction in the uninsured in four decades”. (Amy Anderson dnp,RN,CNE) this will require a larger workforce to meet the increased demand. With a shortage of nurses and other health professionals already this will cause increased stress, create longer wait times, and limit the peoples access to doctors making more people unhappy. “Thus far, the ACA has delivered higher health insurance premiums, higher deductibles, and less competitive health insurance markets” (Amy Anderson …show more content…
Bronze plans carry the lowest monthly premiums but you will pay the highest out of pocket for services. Platinum premiums are the highest but your out of pocket is the lowest for services. Your premium cost is based on five things, the level of metel tier you choose, if you qualify for a subsidy, where you live in Michigan, whether you smoke and your age. “According to CHRT’s most recent survey this is how people chose their plans. 74% said the premiums were important, 72% said the amount of deductible was important, 66% said the amount of the copays were important, 66% said the amount of coinsurance was important, and 49% said that physician choices were important.”

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