Obamacare. Officially known as the Patient Protection and Affordable Care Act (PPACA), enacted on the 23rd of March, 2010 during Barrack Obama’s first tenure as president, aimed at lowering the overall expense and increasing access and affordability of legitimate and quality healthcare to the most number of civilians possible regardless of age, sex, previous medical history, or any other factor that would, up till that point, hinder and American’s access to these amenities. This act also aimed at lowering future government deficits and reducing overall spending on Medicare which was $595billion in 2016. Since its enactment in 2010, an astounding 23 million individuals have been covered by this act and now reap its full benefits. Lowering the overall percentage of citizens without health insurance by almost half from 16% to 8.9%. Incredible.
The average person can easily conclude that this act has had both short and long-term successes in bettering the lives of American citizens. However President Elect Donald J Trump, from day one of his campaign till today, has condemned Obamacare as a flawed attempt at monopolizing the medical industry. According to the president elect, due to Obamacare’s passing and signing into law, premiums are higher, healthcare costs have “runaway”, and there is less competition and fewer choices. It has put uncertainty in the hearts of every civilian living in America. Great. So he has promised to implement the complete repeal of the PPACA on the first day of his tenure and replace it with competition driven reforms that increase options, restore economic freedom, and restore certainty to all citizens. What would we do without this guy?
Why should the Health Industry be utilized for personal gains and profits rather than securing the health and safety of the greater community? Individuals without insurance today spend thousands of dollars more than their Canadian neighbors to purchase the exact same medication due to America’s profit driven philosophy. Many have died because the cost of their cancer medication is too expensive (ranging from $900 – $15,000), or because they cannot afford chemotherapy ($10,000 – $200,000 or more). These are the privateers Donald wants to hand over the health industry to in order to increase competition amongst millionaires who gladly collude in order to keep drug prices high.
Would you rather affordable health care be made available to all while the government suffers the costs or high insurance prices and even higher independent treatment costs so as to increase overall healthcare revenue and eventually the national GDP while the civilians suffer the costs?
Either way, welcome to the next four years (eight according to Donald).