the American health care act issues refundable tax credits and eliminates the Obamacare subsidies. what do...

the American health care act issues refundable tax credits and eliminates the Obamacare subsidies. what do you expect to happen in the healthcare insurance market after the AHCA? Please explain your answer briefly in the language of economics by stating the shift of demand and/or supply curves in the healthcare insurance market.

Expert Solution

Rahul Sunny answered 2 years ago

Tax Credits Briefly explain the difference between a refundable and a non refundable tax credit. Then...

Tax Credits Briefly explain the difference between a refundable and a non refundable tax credit. Then give three examples of tax credits and state if they are non refundable, refundable or partly refundable.

The Affordable Care Act (also known as “Obamacare”) essentially mandates that every American have health insurance....

The Affordable Care Act (also known as “Obamacare”) essentially mandates that every American have health insurance. This question asks you to analyze the labor market effects of that law. (6 points total) a. Suppose the government requires that firms offer health insurance to all of their workers, which increases the cost of hiring each worker by $h. Draw a graph that illustrates how this mandate influences the supply and demand for labor (label it explicitly, including axes). Assume that all...

What is the difference between refundable versus nonrefundable credits? Name two or more refundable credits. What...

What is the difference between refundable versus nonrefundable credits? Name two or more refundable credits. What are the Criterion of American Opportunity Credit and Lifetime Learning Credit?

The Affordable Care Act (Obamacare) has changed the health care environment in America. Pick one of...

The Affordable Care Act (Obamacare) has changed the health care environment in America. Pick one of the following stakeholders and discuss the implications of the Affordable Care act for them. Have these implications changed significantly under the current administration in the White House?

There are many different types of tax credits. Discuss one tax credit. Is it refundable or...

There are many different types of tax credits. Discuss one tax credit. Is it refundable or non-refundable. Please make sure you each discuss a different type of tax credit. **The answer is 1 page or less** **You must have a citation to either the text book or to another independent source. Please cite your source using either the APA or the MLA style. Internet sources such as those having "Fool", "opedia", "For Dummies" etc. are not acceptable**

Affordable Care Act, AKA Obamacare/ACA was passed in 2010 as a way to control federal health...

Affordable Care Act, AKA Obamacare/ACA was passed in 2010 as a way to control federal health care expenditures and to provide wider access to health care in the USA. The ACA has a myriad of provisions that will likely stay a part of US law, for example Family Health Insurance Coverage will include children up to age 26. The ACA also has a myriad of provisions that the current federal administration apparently believes should be repealed or at least modified....

Discussion Tax credits may be refundable or nonrefundable. Discuss the difference between these and provide an...

Discussion Tax credits may be refundable or nonrefundable. Discuss the difference between these and provide an example of each.

How is the Affordable Care Act of 2010 (also known as Obamacare) an example of federalism...

How is the Affordable Care Act of 2010 (also known as Obamacare) an example of federalism at work? Will President Trump's repeal of the individual mandate (included the recent 2017 tax law) undermine or enhance the effectiveness of federalism with regards to the implementation of Obamacare? Obamacare's individual mandate requires that most Americans obtain and maintain health insurance each month or pay a tax penalty.

Under the Tax Cuts and Jobs Act (TCJA), the Child Tax Credit also includes a non-refundable...

Under the Tax Cuts and Jobs Act (TCJA), the Child Tax Credit also includes a non-refundable credit for qualifying dependents other than qualifying children. Which of the following is true regarding this Credit for Other Dependents (ODC)? A. The credit is $500 and can be claimed for elderly or disabled dependents or children over 17 B. The credit can be claimed for eligible dependents only in 2018 C. The credit can only be claimed only if the taxpayer includes a...

The Affordable Care Act (“Obamacare”) became law in 2010. Before then, not everyone capable of paying...

The Affordable Care Act (“Obamacare”) became law in 2010. Before then, not everyone capable of paying for comprehensive health insurance chose to do so. With some exceptions, after the law took effect, almost everyone who could pay for comprehensive health insurance did so. There were more people with health insurance after the law than before the law. Assume that the value to US society of one more person having health insurance is greater than the value the individual herself or...

Question