Government Intervention In Health Care Essay

In 2010 President Obama signed the Affordable Care Act, a law to improve healthcare, control cost, regulate the insurance industry, improve quality and be consumer friendly. This analysis of the current health care system explains the impacts of rising health care cost, the limitations to access and quality health care. In addition, it is discussed if the current situation is an example of market failure and needs government intervention. Due to the vastly different perspectives of the current health care system and reform it is a topic of debate that is fraught with economic and political challenges.
There are concerns about cost, quality, and access to the current U.S. health care system. One of the primary concerns is the cost of the current

Fear of uncontrollable budget deficits, added tax burdens and a ‘government’ takeover of one-sixth of the nation’s economy have provided major, and perhaps crucial, resistance to change (Glassock,2010).” Government intervention means accountability and most people just don’t want to feel obligated.
Government intervene would enforce cost control regulations. For example, “Health care reform is needed to stem the economic costs of health care fraud. “Between 3-10 percent ($60 billion to $200 billion) is lost to fraud each year. If those same percentages are applied to the $436 billion Medicare program, the cost of fraud there is $14 billion to $30 billion. This would lower the government's cost by including younger, healthier people who paid a modest premium (Amadeo,2018).” Regulation is need for aging population and escalating cost due to the advancement in technology and pharmaceuticals.
Republicans believe that the Affordable Care Act will economically damage the country by effecting employment. Democrats believe that making health care available and more affordable to Americans will help heal the economy. Democrats suggest that the Republican proposal would hinder the benefits if not eliminate Medicare. The proposal of change of both parties tip the scales in very different