Health Care Reform

Basic overview of wellness cathexis remedy (3 articles)The wellness sustenance Reform is making a extensive economic touch on as it has real importantinsinuations when it comes to the US saving. Hence it is important to register what is discharge on with this point. In wellness maintenance reclaim stands How it impacts your crossage by Parija Kavilanz, it states that the despotic coquet supported the wellness cargonfulness amelio commit meaning that it is obligatory for volume to purchase reportage by 2014 and if non they go forth drive to be fined.Hence by 2014, this go away affect uninsured persons because they pass on w atomic number 18 to purchase damages reportage by either doing it person anyy, by their employers leaded wellness plans or by a wellness policy exchange. If they decide non to purchase insurance coverage then a appraise penalty would apply, for causa when 2014 arrives, if an individual has non purchased coverage than the penalty recompense testament be $285 per family or 1% of their r plainue enhancement (they go away harbour to re finishal the laid-backer one). By 2016, the penalty fee will amplification drastically to $2,085 per family or 2. 5% of their revenue enhancement, suffering the nobleer one.In the intervening age, the pack that ar insured will palliate benefit from the signifi substructuret things that be gaped by the legality. This includes things such(prenominal) as full coverage for preventive fright and for grownup dependents of up to 26 year of age. However, this is contingent because of the personal capacious outgo. Today in the US, greater than 50% of e rattlin bypast ( round 160 jillion people) acquire their wellness amends straight from the bon ton they bunk for and with this equity in place by 2014, employers with greater than 50 full-time workers will be obligated to tour wellness insurance and if not they will have to pay fines.For the remaining peopl e, 50 one billion million million of them beart have coverage and the some other(a) millions purchase coverage personally through a tete-a-tete insurance or gain coverage from the giving medication though plans like Medicaid or Medi explosive charge. InHow health crystalize may assist or hurt,by Jeanne Sahadi, it explains how this tame inhealth cover can have immense impacts. Citizens in the US are being certified that this health reform is a correct objective and that it will wait on the economy. Obama had stated that this reform does not pertain to the problems when discussing the fiscal future but that it is factor of settlement restorations.However, the issuer is that the US health bursting charge expenditures are focusing more(prenominal)(prenominal) than other established countries and yet the hail and what get out of it does not match up. Temporarily, many citizens dont have enough bullion for coverage or their coverage that they do have does not co ver sufficiently their medical charges. In Washington discussions are often raised to talk about the possible outcomes and options for this issue. In the past 40 years, the cost for health sell expenditures has gone up quicker than ostentation and incomes.Currently, the USs government, companies and people, afford greater than 16% of its GDP on health care, which according to Kaiser posterior is about $7,421 per individual. Furthermore, the USs high school debt is as well because of the growing health care costs, which outgrowths federal expenditure on Medicare and Medicaid. However, if the health reform does work, as time goes by it would cover its own cost as well as abate health eliminateing without conceding quality and forego in big-ticket(prenominal), accessible care for ein truthone.Lastly, they have to echo about if the health reform fails. All thesewhat ifs are essential because one hear point of wherefore all over health reform has been an indecisive process isthatit is very hard to endanger how to do it well. In What the Supreme Court ruled on health care taxby ride Levs, it discussed how the Supreme Court finds that consequences that the law puts on individuals that do not purchase health insurance descend as a fundamental tax protection while Obama claimed that the fees should be reflected as a penalty.Meanwhile, the high court did not nurse with Obamas view point. The court said that the law does not require other penalties for negation to purchase health coverage and hence in that location will be about 4 million individuals per year that will or else have the IRS fee instead of purchasing coverage. Furthermore, the court highlighted that it was not upon if this bid was the right thing to do but because the Constitution allows this type of tax, hence it is not the courts part to abrogate it.In summation, it is important to understand the health care reform as discussed in these articles, as it has a huge impact on the countr y. health safeguard Reforms Effect on Business(http//www. accountingtoday. com/ impertinentlys/)This article explains the opinions that very influential accountants have towards the health care reform and its effect on the economy as itsbecoming a very important topic in the elections as well as to every day workes that have considered this issue and because of it have hindered occupancy decisions. One of these influencers is Mark Albrecht, CEO of XCM Solutions.He explained that every tune will now have to see if it is convenient to keep providing health coverage for their employees or to pay the fine while the employees taint their coverage from a private insurance company. He believes that since the fines are not that high, that there can be many companies that will prefer not gaping health insurance, which is the icy of the objective of the health care reform law. Hence, insurers have a lot of work ahead of themselves because of the concomitant that customarily they do not sell coverages to individuals and being that health insurance exchanges are a untested notion.As for health care providers, the impacts to them of this reform will fluctuate since they will have to demonstrate that they are providing hypernym care and if not it is in all likelihood that they will get a compensation cut. For state governments, al about all of the weight of this reform effectuation will be on the states. The states will be responsible for arrangement the health insurance exchanges as well as management for the programs. Therefore, a lot of states are disbelieving the constitutionality of this reform as it interjects the states rights.As for the taxpayers, this new reform doesnt have an established or authorized regularity to monitoring the increasing health care costs. wellness care expenditures are anticipated to keep on growing and hence will find a worry for many citizens in the US and for commercial enterprisees as well. With no regulatory corpse of this add-on in health care costs, it will be very challenging for the federal government to reduce the deficit and diminish the national debt liability hence there will still be a huge economic crisis. Why Reform Health commission (http//useconomy. about. com)The U. S. devotes $2. 5 trillion to its health care system, which is the highest contribution within other developed nations. This is because the majority of the write off derives from the first and last age of a lifetime. A huge progress and a lot of look for has been conducted in exhibition to hold premature infants and very ill seniors and this has been very expensive. Also there is an increase of malpractice lawsuits, as doctors sometimes alternatively prefer to conduct unnecessary expensive tests instead of getting sued posterior because they had not conducted the test.Furthermore, it is very expensive in the US because there is slight impairment competition than in other industries as people simply have a fixed c harge (co-pay). Health care costs keep on increasing and hence there is a need for a reform. early(a) reasons for a reform is to increase the superiority of care and to cover the 25% of citizens that have minimum or no health coverage to refuge their medical expenditure as each year more than 101,000 Americans pass away for not having coverage. This threatens the economy as half of all bankruptcies are of medical expenses.Furthermore, a reform would be mandatory to stop the pecuniary expenditures of health care fraud. In 2010, when thePatient security department and Afford fit Care piecelaw came about, it gave coverage to individuals with face up illnesses, kids, and individuals who had lost their jobs. It offeredaidto nonaged businesses, elders with high medicine expenditures, and capital to help the scarcity of doctors. The overheads of this was planned to be balanced by having greater payroll department taxes, greater charges to medicine companies, and less(prenominal) expe nses to infirmaries and clinics.With this act, greater than 600,000 young individuals are now covered, as individuals of up to 26 years of age are insured under their parents coverage, which benefits the insurance companies. Also a Kaiser survey comprise that greater than 46% of down in the mouth businesses, compared to 2010, had health care benefits. With an increase in meek business with coverage for their employees, there are less bankruptcies as well as improved credit scores and greater consumerdemand which permit greater spending, hence stimulating economic growth. Opposing Views Voices on Health-Care ReformEric Ries, in Why the New Health-Care law May Encourage Entrepreneurship, explains that as an entrepreneur, he was aware that if his company didnt succeed , he could perpetually attempt something else. Hence, he always thought the actual risk of financial loss would be from the hazard of a severe sickness that wouldnt be covered by his insurance. However, these fears were overcome because at the time he began as an entrepreneur, he was young, healthy, and with no family to provide. Most successful entrepreneurs are in their fortys and need to provid their families to health insurance.Hence, the Kauffman-RAND Institute for Entrepreneurship Public Policy conducted a field indicating that entrepreneurship increases as prospective entrepreneurs become capable of getting Medicare. He believes that for there to be greater entrepreneurship, there has to be policies that diminution the price of failure so that more individuals are capable to be start-up founders and that the Health care reform is part of the answer to make this happen. On the other hand, Rose Corona in Why the Health Care Law May Be a Harmful Prescription for Entrepreneurs idiom that ObamaCare is a catastrophe for low-down businesses.She believes that this tedious, unclear and costly law will not help the economy. As a small businesses possessor that doesnt provide insurance to her employees, she doesnt see the fairness of proposing her 30 employees a coverage if it government agency her business would go bankrupt. Also, she believes that with this reform, small businesses will maintain their employee count downstairs the 50 employee minimum obligatory to remain excused from offering health insurance hence this will create less jobs and elaboration of businesses.So this will have small businesses considering to either increasing their prices to be able to offer health care to their workers or to reduce benefits to hence maintain competitive prices. Rosa understandably does not agree with this reform. Businesses hypothesise Impact of Health-Care Reform The Supreme Court has been dealing with opinions over the topic of obligating all Americans to buy health coverage because the reform states that in 2014 businesses with greater than or equal to 50 employees will have to offer health insurance or pay a fee of $2,000 per employee. active 96% of all U. S. in finitesimal Business have less than 50 employees.Many questions have risen such as are underemployed or seasonal employees part of this reform, is it less costly to pay for health coverage or the fee and what is the minimum of coverage that has to be provided? David Keiter, the owner of Yellow Van Cleaning, a carpet cleaning business with soon 48 workers is putting off hiring more employees until he sees what happens to this reform and many businesses are dismission through the same. He says that prosperous small businesses are about playing in better, faster and more efficiently ways and that with complicated regulations, it is just an obstacle in the way of achieving this goal.The Economic Effect of Health Care Reform on Small Business and their EmployeesSmall businesses in the US compromise a great part of the countrys economic world. However, small businesses are strictly underprivileged with the breathing health care system. The Council of Economic Advisers conducted a st udy that showed that small businesses are very important to the economy and are a huge foundation of the US job exploitation as they are the mainstream of business start-ups, hence very crucial when it comes to the topics of innovation and fiscal progress.Also, it showed that the health care now does not intent very well these small companies as well as their employees as there are healthy taxes enforced. The health care reform would help small businesses to buy health insurance through an insurance exchange which offers a huge amount of coverage options at a lower price and for small businesses that offer health coverage to their workers, they will get a tax credit to ease the as well costs and therefore make them want to offer coverage.This establishment of the insurance exchange will deliver improved and lower price alternatives for employees that currently do not gather insurance from their job. Moreover, health insurances will not be able to judge who to produce insurance because of founder illnesses. The reform can also help grow the entrepreneurial movement by potentially increase the amount of workers that would want to work for a small business and can strike job seal in of when employees are scared to quit their job because of terror of finding inexpensive health insurance.Only the small business that cannot or will traverse to offer health insurance will endure a huge cost. Papa seats CEO Says Health Care Reform Law Will Increase Price of pizza piePapa Johns CEO John Schnatter stated that people should anticipate for pizza orders to be more expensive by 2014 because of the health care reform. The estimate for this reform per pizza is about an excess 11 to 14 cents. In a company meeting, he in create the company that its shape up would be to impose the additional expense onto customers in order to keep the shareholders of the company at their best benefit.They also commented about how this reform might have a undesirable influence as the company and its franchises might have to offer health insurance to their part-time employees which is something they dont always do for certain part time workers. This also applies to other employers and a study by Mercer L. L. C. said that about 46 pct of hospitality businesses will experience greater health insurance costs by about 3 percent by 2014. Cogent statementAfter reading the articles summarized above and getting a better correspondence of the health care reform, even though many of the articles oppose this reform, it might not be such a negative approach for the country but instead in the long run, I think that it will have a positive change. A lot of thought has been put in this reform and there are reasons of why it includes specific details. With the study conducted by the Council of Economic Adviser, we can have an estimate of the economic influences that this health care reform will have on the US economy as a whole.They approximated that by trim back the yearly increase in health care costs by 1. 5 percent, then this would give rise to the real GDP. Hence, with a decrease in the growing rate of health care expenditures, the revenue gains are slightly minor, but still significant. Also, decelerating the growing percentage of health care expenditures will turn down the devastating increases that we see in the Federal budget deficit as well as decrease the un appointment levels. Furthermore, offering health insurance to those without coverage would increase the net financial welfare by round $100 billion per year.The health care reform will peradventure also rise employment and eliminate preventable obstacles to work mobility. In the article Health Care Reform Bill compact A Look At Whats in the Bill on CBS News, it informed that the cost of this reform would be about $940 billion in ten years, but that the deficit would decrease by $143 billion in ten years after implementing it. This reform would offer health insurance to about 32 milli on people in the US, who presently do not have coverage. For the people with no insurance or for those who are self-employed, they will be capable of obtaining insurance by going to their state insurance exchanges.There will also be subsidies accessible to people as well as their families if their revenue falls in the 133 percent through 400 percent of the Federal Poverty Level. For small businesses, distinct exchanges would be formed to buy insurance which will be in live in 2014. As for small businesses, with the present health care system of the country, they spend significantly more to offer coverage to their employees. Normally, small businesses spend about 18 percent extra on health insurance than bigger businesses. Hence,Health Care ReformThe present healthcare system compared with other developed nations is currently spending more for healthcare. In 2005, the U. S. spent 15. 3% of its GDP for healthcare compared to the average 9% of others in the first world (ACP, 2008). Ho wever, despite greater spending and a wealthier economy, the number of uninsured and underinsured is still high with 47 million at present. Not a few hospitals have complained that the rising number of uninsured they serve is leading to greater financial struggles to maintain operations.The greater national spending can be attributed to the more frequent use of technologies in the U. S. that other countries may regard as luxury (ACP, 2008). In addition, there is a marked shortage of healthcare workers. The aging healthcare workforce attests to this. There seems to be no incentive given for individuals to gain education in this field and current workers face a lot of difficulties as they perform their jobs. They are not rewarded for conducting preventive services but are greatly remunerated if the number of people seeking medical services increase.These problems exist because of the lack of regulation on healthcare and its related industry. Other countries exert more effort to regula te this area which has a great impact on the health and well-being of their citizens. The greatly market-oriented and profit-based healthcare system in the U. S. leads to the benefit of pharmaceutical companies and greater individual expenses for those who can afford it while denying access to the underprivileged (ACP).Clinton, McCain and Obama have presented their own versions of healthcare reform which are mainly anchored in increasing the access of the uninsured to healthcare. However, none have gone to a detailed outline of how exactly they can implement these once elected. This may be because garnering the most votes is more important than presenting a definite and concrete stand on such a complex issue which may turn off some sectors of society.Health Care ReformBasic overview of health care reform (3 articles)The Health Care Reform is making a huge economic impact as it has very importantinsinuations when it comes to the US economy. Hence it is important to understand what is going on with this topic. InHealth care reform stands How it impacts your coverage by Parija Kavilanz, it states that the Supreme Court supported the health care reform meaning that it is obligatory for people to purchase coverage by 2014 and if not they will have to be fined.Hence by 2014, this will affect uninsured persons because they will have to purchase coverage by either doing it personally, by their employers offered health plans or by a health insurance exchange. If they decide not to purchase coverage then a tax penalty would apply, for example when 2014 arrives, if an individual has not purchased coverage than the penalty fee will be $285 per family or 1% of their revenue (they will have to pay the higher one). By 2016, the penalty fee will increase drastically to $2,085 per family or 2. 5% of their revenue, pay the higher one.In the intervening time, the people that are insured will still benefit from the significant things that are offered by the law. This includes things such as full coverage for preventive care and for grownup dependents of up to 26 year of age. However, this is possible because of the personal greater expenditure. Today in the US, greater than 50% of everyone (about 160 million people) acquire their health insurance straight from the company they work for and with this law in place by 2014, employers with greater than 50 full-time workers will be obligated to offer health insurance and if not they will have to pay fines.For the remaining people, 50 million of them dont have coverage and the other millions purchase coverage personally through a private insurance or obtain coverage from the government though plans like Medicaid or Medicare. InHow health reform may help or hurt,by Jeanne Sahadi, it explains how this reform inhealth care can have huge impacts. Citizens in the US are being informed that this health reform is a correct objective and that it will help the economy. Obama had stated that this reform does not pertai n to the problems when discussing the fiscal future but that it is part of resolving issues.However, the issuer is that the US health care expenditures are way more than other established countries and yet the cost and what get out of it does not match up. Temporarily, many citizens dont have enough money for coverage or their coverage that they do have does not cover sufficiently their medical charges. In Washington discussions are often raised to talk about the possible outcomes and options for this issue. In the past 40 years, the cost for health care expenditures has gone up quicker than inflation and incomes.Currently, the USs government, companies and people, devote greater than 16% of its GDP on health care, which according to Kaiser Foundation is about $7,421 per individual. Furthermore, the USs high debt is also because of the growing health care costs, which increases federal expenditure on Medicare and Medicaid. However, if the health reform does work, as time goes by it would cover its own cost as well as decrease health spending without conceding quality and deliver inexpensive, accessible care for everyone.Lastly, they have to think about if the health reform fails. All thesewhat ifs are essential because one key point of why complete health reform has been an indecisive process isthatit is very hard touncover how to do it well. In What the Supreme Court ruled on health care taxbyJosh Levs, it discussed how the Supreme Court finds that consequences that the law puts on individuals that do not purchase health insurance amount as a constitutional tax protection while Obama claimed that the fees should be reflected as a penalty.Meanwhile, the high court did not agree with Obamas view point. The court said that the law does not require other penalties for negation to purchase health coverage and hence there will be about 4 million individuals per year that will rather have the IRS fee instead of purchasing coverage. Furthermore, the court highlighted that it was not upon if this command was the right thing to do but because the Constitution allows this type of tax, hence it is not the courts part to prohibit it.In summation, it is important to understand the health care reform as discussed in these articles, as it has a huge impact on the country. Health Care Reforms Effect on Business(http//www. accountingtoday. com/news/)This article explains the opinions that very influential accountants have towards the health care reform and its effect on the economy as itsbecoming a very important topic in the elections as well as to every day businesses that have considered this issue and because of it have hindered business decisions. One of these influencers is Mark Albrecht, CEO of XCM Solutions.He explained that every business will now have to see if it is convenient to keep providing health coverage for their employees or to pay the fine while the employees buy their coverage from a private insurance company. He believes that since the fines are not that high, that there can be many companies that will prefer not offering health insurance, which is the opposite of the objective of the health care reform law. Hence, insurers have a lot of work ahead of themselves because of the fact that customarily they do not sell coverages to individuals and being that health insurance exchanges are a new notion.As for health care providers, the impacts to them of this reform will fluctuate since they will have to demonstrate that they are providing superior care and if not it is likely that they will get a compensation cut. For state governments, almost all of the weight of this reform implementation will be on the states. The states will be responsible for arranging the health insurance exchanges as well as management for the programs. Therefore, a lot of states are questioning the constitutionality of this reform as it interjects the states rights.As for the taxpayers, this new reform doesnt have an established or authori zed method to monitoring the increasing health care costs. Health care expenditures are anticipated to keep on growing and hence will become a worry for many citizens in the US and for businesses as well. With no regulatory system of this increase in health care costs, it will be very challenging for the federal government to reduce the deficit and diminish the national debt liability hence there will still be a huge economic crisis. Why Reform HealthCare (http//useconomy. about. com)The U. S. devotes $2. 5 trillion to its health care system, which is the highest contribution within other developed nations. This is because the majority of the expense derives from the first and last days of a lifetime. A huge progress and a lot of research has been conducted in order to save premature infants and very ill seniors and this has been very expensive. Also there is an increase of malpractice lawsuits, as doctors sometimes rather prefer to conduct unnecessary expensive tests instead of get ting sued later because they had not conducted the test.Furthermore, it is very expensive in the US because there is less price competition than in other industries as people simply have a fixed charge (co-pay). Health care costs keep on increasing and hence there is a need for a reform. Other reasons for a reform is to increase the superiority of care and to cover the 25% of citizens that have minimum or no health coverage to refuge their medical expenditure as each year more than 101,000 Americans pass away for not having coverage. This threatens the economy as half of all bankruptcies are of medical expenses.Furthermore, a reform would be needed to stop thefinancial expenditures of health care fraud. In 2010, when thePatient Protection and Affordable Care Actlaw came about, it gave coverage to individuals with present illnesses, kids, and individuals who had lost their jobs. It offeredaidtosmall businesses, elders with high medicine expenditures, and capital to help the scarcity of doctors. The overheads of this was planned to be balanced by having greater payroll taxes, greater charges to medicine companies, and less expenses to infirmaries and clinics.With this act, greater than 600,000 young individuals are now covered, as individuals of up to 26 years of age are insured under their parents coverage, which benefits the insurance companies. Also a Kaiser survey found that greater than 46% of small businesses, compared to 2010, had health care benefits. With an increase in small business with coverage for their employees, there are less bankruptcies as well as improved credit scores and greater consumerdemand which permit greater spending, hence stimulating economic growth. Opposing Views Voices on Health-Care ReformEric Ries, in Why the New Health-Care Law May Encourage Entrepreneurship, explains that as an entrepreneur, he was aware that if his company didnt succeed , he could always attempt something else. Hence, he always thought the actual risk of fin ancial loss would be from the probability of a severe sickness that wouldnt be covered by his insurance. However, these fears were overcome because at the time he began as an entrepreneur, he was young, healthy, and with no family to provide. Most successful entrepreneurs are in their fortys and need to provid their families to health insurance.Hence, the Kauffman-RAND Institute for Entrepreneurship Public Policy conducted a study indicating that entrepreneurship increases as prospective entrepreneurs become capable of getting Medicare. He believes that for there to be greater entrepreneurship, there has to be policies that decrease the price of failure so that more individuals are capable to be start-up founders and that the Health care reform is part of the answer to make this happen. On the other hand, Rose Corona in Why the Health Care Law May Be a Harmful Prescription for Entrepreneurs emphasis that ObamaCare is a catastrophe for small businesses.She believes that this tedious, unclear and costly law will not help the economy. As a small businesses owner that doesnt provide insurance to her employees, she doesnt see the fairness of proposing her 30 employees a coverage if it means her business would go bankrupt. Also, she believes that with this reform, small businesses will maintain their employee count below the 50 employee minimum prerequisite to remain excused from offering health insurance hence this will create less jobs and expansion of businesses.So this will have small businesses considering to either increasing their prices to be able to offer health care to their workers or to reduce benefits to hence maintain competitive prices. Rosa clearly does not agree with this reform. Businesses Ponder Impact of Health-Care Reform The Supreme Court has been dealing with opinions over the topic of obligating all Americans to buy health coverage because the reform states that in 2014 businesses with greater than or equal to 50 employees will have to offer health insurance or pay a fee of $2,000 per employee. About 96% of all U. S. Small Business have less than 50 employees.Many questions have risen such as are part-time or seasonal employees part of this reform, is it less costly to pay for health coverage or the fee and what is the minimum of coverage that has to be provided? David Keiter, the owner of Yellow Van Cleaning, a carpet cleaning business with currently 48 workers is putting off hiring more employees until he sees what happens to this reform and many businesses are going through the same. He says that prosperous small businesses are about performing in better, faster and more efficiently ways and that with complicated regulations, it is just an obstacle in the way of achieving this goal.The Economic Effect of Health Care Reform on Small Business and their EmployeesSmall businesses in the US compromise a great part of the countrys economic world. However, small businesses are strictly underprivileged with the existing heal th care system. The Council of Economic Advisers conducted a study that showed that small businesses are very important to the economy and are a huge foundation of the US job evolution as they are the mainstream of business start-ups, hence very crucial when it comes to the topics of innovation and fiscal progress.Also, it showed that the health care now does not function very well these small companies as well as their employees as there are hefty taxes enforced. The health care reform would help small businesses to buy health insurance through an insurance exchange which offers a huge amount of coverage options at a lower price and for small businesses that offer health coverage to their workers, they will get a tax credit to ease the excessively costs and therefore make them want to offer coverage.This establishment of the insurance exchange will deliver improved and lower price alternatives for employees that currently do not receive insurance from their job. Moreover, health in surances will not be able to judge who to give insurance because of present illnesses. The reform can also help grow the entrepreneurial movement by potentially increase the amount of workers that would want to work for a small business and can decrease job lock of when employees are scared to quit their job because of terror of finding inexpensive health insurance.Only the small business that cannot or will refuse to offer health insurance will endure a huge cost. Papa Johns CEO Says Health Care Reform Law Will Increase Price of PizzaPapa Johns CEO John Schnatter stated that people should anticipate for pizza orders to be more expensive by 2014 because of the health care reform. The estimate for this reform per pizza is about an additional 11 to 14 cents. In a company meeting, he informed the company that its approach would be to impose the additional expense onto customers in order to keep the shareholders of the company at their best benefit.They also commented about how this ref orm might have a undesirable influence as the company and its franchises might have to offer health insurance to their part-time employees which is something they dont always do for certain part time workers. This also applies to other employers and a study by Mercer L. L. C. said that about 46 percent of hospitality businesses will experience greater health insurance costs by about 3 percent by 2014. Cogent statementAfter reading the articles summarized above and getting a better understanding of the health care reform, even though many of the articles oppose this reform, it might not be such a negative approach for the country but instead in the long run, I think that it will have a positive change. A lot of thought has been put in this reform and there are reasons of why it includes specific details. With the study conducted by the Council of Economic Adviser, we can have an idea of the economic influences that this health care reform will have on the US economy as a whole.They a pproximated that by reducing the yearly increase in health care costs by 1. 5 percent, then this would give rise to the real GDP. Hence, with a decrease in the growing rate of health care expenditures, the revenue gains are slightly minor, but still significant. Also, decelerating the growing percentage of health care expenditures will avert the devastating increases that we see in the Federal budget deficit as well as decrease the unemployment levels. Furthermore, offering health insurance to those without coverage would increase the net financial welfare by approximately $100 billion per year.The health care reform will possibly also rise employment and eliminate preventable obstacles to work mobility. In the article Health Care Reform Bill Summary A Look At Whats in the Bill on CBS News, it informed that the cost of this reform would be about $940 billion in ten years, but that the deficit would decrease by $143 billion in ten years after implementing it. This reform would offer health insurance to about 32 million people in the US, who presently do not have coverage. For the people with no insurance or for those who are self-employed, they will be capable of obtaining insurance by going to their state insurance exchanges.There will also be subsidies accessible to people as well as their families if their revenue falls in the 133 percent through 400 percent of the Federal Poverty Level. For small businesses, distinct exchanges would be formed to buy insurance which will be in live in 2014. As for small businesses, with the present health care system of the country, they spend significantly more to offer coverage to their employees. Normally, small businesses spend about 18 percent extra on health insurance than bigger businesses. Hence,