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The Impact of Obamacare on the Econmy

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The Impact of Obamacare on the Economy

Kimberly Carter

Dr. Monjica-Howell

MGT 5064: Cost and Economic Analysis

23 April 2013

Abstract In 2010, there were approximately 50 million uninsured Americans. In March 2010, President Obama signed into law a piece of legislation that reformed American’s healthcare industry. The legislation is coined as “Obamacare.” Supporters argue Obamacare provides coverage for our nation’s uninsured while boosting economy. Opponents argue Obamacare will increase healthcare costs and in turn, add to the deficit. The research supports the belief that improving the health status of the American citizens does result in economic expenditures for the United States. There is a relationship between affordable healthcare and the economy. The impact Obamacare has on the economy can be viewed through a simple math equation, a return on investment analysis. The return on investment analysis revealed a positive return on investment. The results suggest American has invested wisely. Investing in the healthcare of the American citizens will improve productivity, is cost effective, and reduces healthcare care costs.

The Impact of Obamacare on the Economy In 2010, there were approximately 50 million uninsured Americans. This means that 16.9% of American’s population is uninsured. The numbers are overwhelming and reveal healthcare in American is not affordable. Many argue that the cost of healthcare has doubled in recent years (Department of Health and Human Services, 2011). Most Americans receive healthcare insurance through their employers. However, being employed does not guarantee affordable healthcare. The numbers send a loud message. The healthcare industry in American needs a major overhaul. The uninsured need access to affordable healthcare. Studies revealed the uninsured are low income adults who do not…...

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