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| Source: Flurt |
The economic principle I’m exploring is Institutions are the “rules of the game” that influence choices
My research question to help me study the economic principle is “what is the government doing to improve healthcare for everyone?”
The article published by Harvard Business Review titled “What the Trump Administration Needs to Do About Health Care" talks about how Donald Trump and his congress will try to re-shape and re define the U.S. healthcare policies.
Trumpcare facts talks about how Donald Trump is reforming the healthcare system.
Donald Trump has been very adamant on repealing Obamacare and implementing a better healthcare policy. Obama’s reformed healthcare by extending a law to make medical insurance more accessible for the poor, providing more coverage, and creating subsidized for the covered individuals. Republicans felt that Obama care needed to be repealed and have tried numerous times to do so.
Trumps plan:
1.Eliminated the individual mandate that Obamacare put in place, this means that there is a penalty for not being able to maintain continuous coverage. This would make getting health insurance even harder for the poor because if they aren’t able to get health insurance in the first place, there is no way they going to be expected to keep it if the price keeps going up since they don’t have it. This just puts obtaining healthcare in a continuous unattainable loop for the less fortunate.
2.Eliminates the employer mandate that requires businesses with more than 50 full-time paid workers to offer health insurance. Again, a lot of the poor rely on the fact that their work offers them some sort of health insurance. If a company decides they want to save more money but cutting insurance coverage for its employees they can. This will just cause an influx in poor without coverage for healthcare, which will only widen the inequality within the healthcare system.
3.Trump’s plan will also limit cost assistance by reducing the grant subsidies of people who earn up to 400% of the federal poverty line to 350%, and removing the extra help for people earning up to 250% of the poverty line. Overall the cost assistance isn’t as generous as it was before. His plan just limits what they poor will receive and doesn’t affect the upper class much. Again, this is another policy widening the inequality gap since it offers less to the poor and the same or more to the wealthy who can afford health insurance.
Trump believes that too much money is going into healthcare and not being used properly. He believes that fewer people need to be on Medicaid and that they have been too lenient on who is allowed on it. He believes that the resources going into funding healthcare are limited and need to be redistributed better among Americans.
I disagree with Trump's policies because a lot of Trump's policies have an indirect negative affect for the less wealthy in America. Trump wants to increase pricing if people cannot maintain keeping the coverage, and keeping coverage is already hard fro the poorer Americans to do in the first place.
Overall, the Trumpcare reform hasn’t pushed for making healthcare more accessible or making it better quality. This is the reason why the United States ranks one of the lowest for providing healthcare for all its citizens. There is an obvious need for improvement somewhere within the healthcare system and that something needs to be done sooner rather than later.
Future Research: How does American's healthcare system (funding, insurance, access to care, etc.) compare to other countries' policies?
I think you did well in answering your question and analyzing your evidence/adding your own opinions, etc. But, I think you could make it stronger by adding actual statistics, data, etc, of how it negatively affected people. Like, a statistic on how many people have now lost their healthcare and are struggling, how much people now have to pay for healthcare on their own on average, maybe some quotes from people explaining how it affected them specifically, or something of that nature. I enjoyed this read but if I was a supporter of these reforms I don´t think I would have changed my opinion from this. If you wanted to add a little more spunk, you could also add one of Trump´s supporters explaining why these reforms are good, and then combat their point with your own opinions/data. Idk, I think that would be really interesting to read cuz their opinions are usually inherently bad/have little evidence to support them so you would definitely come out with a lot of ethos... anyway ya good job but those are just some lil tidbits that could take this to the next level. :)
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