Identify and explain two impacts the Affordable Care Act will have on healthcare costs.Please provide detail explanation.
Expert Answer
Here are the 2 impacts of Affordable Care Act also known as Obamacare on healthcare cost.
It has lowered the burden of medical premium from the American’s shoulders. Before Obamacare from 2000-2010 the growth in medical premium was 8%, after Obamacare in 2010-2016 it was reduced to 5% in a year. The premium cost has lowered that is why it is not hampering much on an average American budget.
The second impact is that if you work in a company that has
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