Supply And Demand Affect The Affordable Care Act

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Recommended: The impact of the Affordable Care Act on healthcare

With the enactment of the Affordable Care Act, or Obamacare, it seems that the laws of supply and demand have changed since everybody is now mandated to have health insurance or pay a hefty fine to not have health insurance. With the “Health Insurance Exchange,” that also affects the economics of the situation as well, along with the price of everything. Since the Affordable Care Act has been enacted, the laws of supply and demand for insurance has changed drastically, and maybe not for the better. The law of demand does affect the Affordable Care Act greatly. People have to decide if they would either purchase health insurance or pay the hefty price of a fine. So, demand would increase until everybody has health insurance, and then it would

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