Course Solutions Uncategorized (Answered) : Identify and explain two impacts the Affordable Care Act will have on healthcare costs.Please provide detail explanation.

(Answered) : Identify and explain two impacts the Affordable Care Act will have on healthcare costs.Please provide detail explanation.

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 7:40 pm
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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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