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Samuel Choi

The Return of the Supply Side - 5 views

www.economist.com/...obamacare-and-employment

supply-side obamacare government

shared by Samuel Choi on 03 Oct 14 - No Cached
  • Pip Dop on 03 Oct 14
     
    This is a very interesting article because it presents a well-known health care reform in the context of a supply-side policy. The article is about how Republicans have been blaming Obamacare for having negative supply-side effects on the economy and the labour force by reserving budgets for subsidising the system.
  • ...1 more comment...
  • Clemente F on 04 Oct 14
     
    This article discusses the return of the supply side policies..
  • Sungmin Lee on 05 Oct 14
     
    Republicans believed that supply rather than demand was to be blamed for the economy's state. However, there has been clear evidence that the job market was held back due to low demand. The article then starts to delve int Obamacare and how it had negative supply-side effects on the economy.
  • Samuel Choi on 07 Oct 14
     
    Obamacare is nothing new - it has been debated about for months, if not years, in one shape or form. This problem with Obamacare is that it has negative supply-side effects. These effects were offset by a half, with the presence of Medicaid, but now that the subsidies for health care have shrunken, the marginal tax rate would rise, thus discouraging people to find work and keep working. Politicians are pushing for supply-side reforms, but the Congress isn't budging due to the possibility that Obamacare, an expensive and time-consuming venture, might be scrapped.
Amanda Anna G

The trade-offs of Obamacare's preexisting condition coverage - latimes.com - 0 views

www.latimes.com/...tions-20140414,0,4459451.story

trade-offs

shared by Amanda Anna G on 03 May 14 - No Cached
  • The trade-offs of Obamacare's preexisting condition coverage
  • Polls have consistently shown that even though the public opposes Obamacare, people like some of its most significant provisions. That's particularly true of the requirement that insurers ignore preexisting conditions when signing up customers for coverage. Yet that one provision, also known as guaranteed issue, is responsible for trade-offs that people bitterly oppose.
  • Amanda Anna G on 03 May 14
     
    The "Obamacare" has faced public opposes, but some people like some of its most significant provisions. The guaranteed issue is responsible for trade-offs that people bitterly oppose. 
Fiete M

New ObamaCare Push - 3 views

www.foxnews.com/...care-after-healthcaregov-re-do

Public Goods

shared by Fiete M on 03 Dec 13 - No Cached
  • Fiete M on 03 Dec 13
     
    This article discusses how healthcare in the US is being made a public good.
Amanda Anna G

Obama: No 'sugarcoating' problems with health website - CNN.com - 0 views

edition.cnn.com/...index.html

Price - Elasticity

shared by Amanda Anna G on 21 Oct 13 - No Cached
  • Washington (CNN) -- An unscripted moment Monday summed up President Barack Obama's effort to downplay problems plaguing the government website used to sign up for required health insurance under his signature health care reforms.
  • In the same assured and upbeat manner, Obama also attempted to discuss the myriad problems of HealthCare.gov, the website for the 15% of Americans lacking health coverage to sign up for insurance.
  • "It's time for folks to stop rooting for its failure, because hardworking middle class families are rooting for its success," Obama said of the health care law.
  • ...3 more annotations...
  • "God only knows how much money they've spent, and it's a failure," McConnell said Sunday on the CBS program "Face the Nation." "You know, the government simply isn't going to be able to get this job done correctly."
  • Carney hinted that lingering problems in signing people up could result in relief, noting that the law makes clear that "if you do not have access to affordable health insurance, you will not have to pay a penalty for not having affordable health insurance."
  • He also repeated the President's assertion that high demand in the first weeks of the new exchanges contributed to the website problems, noting that the larger-than-expected response exposed existing "glitches and kinks."
  • Amanda Anna G on 21 Oct 13
     
    This is a question about price elasticity, since something needs to be improved in the quality of the website so there will not be problems anymore, often resulting in a necessary price change. Since health insurance is seemed as necessary for many and hence the responsiveness is big, the demand might not change as much in a change in price of the website even tough there are problems at the website. If there will not be an improvement of the website and the price will increase, there might be a smaller change in the quantity demanded.
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