the affordable healthcare act How do supply and demand affect this policy
In order to find a best answer for this question, first we have to know what is affordable health care act, what is supply and demand, what is its impact in health care. So I'm first describing what all are that means and then going into the exact answer for your question in last part. If you don't interested in additional information or just need the answer for exact question, please scroll down to the last part. Thank you :
The affordable health care act :
The Affordable Care Act—also known as Obamacare—was signed into law in March 2010. It was designed to extend health insurance coverage to millions of uninsured Americans. Lower-income families can qualify for extra savings on health insurance plans through premium tax credits and cost-sharing reductions.
supply and demand
Supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers.
How Supply and demand affect in health care
The gap between supply and demand not only contributes to a delay in meeting patients' needs, but it can also be expensive and generate waste in the system. The experience of many health care organizations demonstrates that demand is not really insatiable, but actually predictable.
Question : How do supply and demand affect the affordable healthcare act?
Providers expanded capacity and staff to meet increased demand under ACA. The Affordable Care Act (ACA) increased the number of people with health insurance, leading to greater demand on providers for health care services. Which give insight into how providers are responding to this increased demand.
Health care providers have adapted to the increased demand for services caused by the ACA. They responded by hiring more staff, relying more on advanced practice clinicians, and expanding facilities and hours. Despite increases in provider capacity, however, there are still areas of unmet need and persistent professional workforce shortages that were exacerbated by the ACA’s coverage expansions.
This is what the main affect of supply and demand inaffordable healthcare act.