Question

Discuss the three-legged-stool approach of Massachusetts' experiment with incremental universalism. What were the consequences of the three-legged-stool implementation? How does this experience compare to the ACA?

Answer 1

Answer:-

The Three Legged Stool Approach Massachusetts Experiment with Incremental Uniersalism

following points will discribe Three legged approach (A) Ban on pre existing condition exclusion which means (a person have to insure someone for who the are. (B) Individual Mandate stands for (charged for average premium based on similar demographics of the person which aims to remove adverse selection without charging on health, plus if every person is the cover then health insurance companies can forecast what costs will be like for different people without basing it on health (c) few people can't afford to be in the cover that forces them to buy health insurance.

consequences of the three legged stool approach

It was a very different experiment in economic terms because Mass was able to use a lot of federal funding because it was a trial and with cheaper implementation. In addition to this uninsurance rate came to 3% as compared to 18% nationally, also the third leg did a lot of work to increase coverage numbers.

Three legged stool approach is better then Affordable Care Act becauseof the following reasons

1(Four million people chose to pay the tax rather than pay for coverage)

2(The ACA taxed those who didn't purchase insurance)