Obama care Essay Example | Topics and Well Written Essays - 1250 words - 1

Obama care - Essay Example The Affordable Act does not provide people opportunity to get equal health care because it organizes insurance in levels based on the public condition. If a person is poor they will pay less for the insurance and get unqualified doctors compared to middle and high income earning people who pay more and get better health treatment. The Supreme Court even wrongfully supported the Act by making it mandatory for individuals to purchase healthcare insurance under 2010 Affordable Health Care Bill. Obama Care places huge pressure on young adults affecting their priority and health by forcing them to buy insurance when they do not have enough income to afford it. Obama Care is also harming businesses and this can also lead to worsening of the economic conditions of the USA. The Obama Care affects and destroys young adult’s priority. Healthy young adults are forced to buy insurance and this prevents them to save their income in order to secure their future. Due to this young adults may not be able to meet the expenses required to address any unexpected health condition in future. Obama Healthcare Act rather makes the young generation dependant on governmental health care programs. Elders in the United States gets more support from the government in shape of Medicare when it comes to their health condition because some cannot work and others do not have enough money to take care of themselves. Studies by the U.S department of health and human service reported that elder people represent the highest percentage of the Americans who signed for the Obama Care, while young adults represent the lowest percentage. Young adults strongly disagree with Obama Care because it forces them to buy health insurance even when they are healthy enough. Due to this t he money invested by young adults does not benefit them and rather benefits other populations such as the elderly who have signed for Obama Care. According to the

How can tax cuts help revive the economy Explain Essay - 2

How can tax cuts help revive the economy Explain - Essay Example The effect of tax cuts on the macro economy will however depend on the way the taxpayers will use their additional income and adjustment of government to its low income. This is referred to as fiscal policy which contrasts the macroeconomic policy which attempts to control interest rates as well as supply of money in stabilizing the economy. Fiscal policy uses taxation and government expenditure as its two instruments. Changes in taxation levels and government spending impacts on aggregate demand and economic activity level in the economy. It also impacts on pattern of allocation of resources and income distribution. Fiscal policy is used by government to influence economic aggregate demand in the need to achieve price stability, economic growth and full employment. According to Kogan, (2003), tax cuts stimulate the economy together with intervention of interest rates and deficit spending. Economic stimulation can only be realized if the government reduces its expenditure and the tax payers increase their expenditure especially on local commodities. The free market economy advocates argue that economic welfare of people will be improved since people are rational in what they want than the government. The suppliers of economy advocate for tax cuts because they stimulate the economy if the government expenditure is maintained and tax payers spend more of their income on locally produced commodities. This stimulates the economic growth but only on condition that it is properly maintained, otherwise it leads to economic inflation. If the expected revenue increase in the long term is not realized, the government may be left with huge debts to pay and hence a dangerous budgetary crisis. In order that the government determines that the tax cut is or is not worth to the economy, the tax multiplier is used, which measures aggregate production changes as a result of