Question

Take a position that the full implementation of the Affordable Care Act in 2014 will or will not create a market failure for insurance companies. Provide evidence to support your position.

Answer 1

I completely bolster the execution of the Affordable Care Act in 2014. This is a result of the accompanying reasons;

1. The law disallows discrimination because of sexual orientation or previous conditions.

Financially, this implies there is no cheating of patients due to prior conditions, this will make insurance organizations go a misfortune since they covering patients with even ailment history.

2. The law takes out Annual Limits on Insurance Coverage.

A patient can go to restorative spread so often without being restricted. This won't rely upon the measure of cash the patient has paid. This will make insurance organizations bankrupt since they will be overspending their reserve in treating these patients.

3. Ensuring coverage to patients taking an interest in clinical preliminaries.

These patients incorporate those patients with malignant growth, hepatitis and so on. Insurance will cover restorative for those patients during that time. A few patients may set aside a long effort to recuperate with will make the organizations to go on immense misfortune during that time.