The Economics of ObamaCare
In: Routledge Focus on Economics and Finance Series
Cover -- Endorsement -- Half Title -- Series Information -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- Figures -- Tables -- Introduction -- Notes -- Reference -- 1 Reasons for Passing the ObamaCare Reform -- The Increase of Costs -- A Significant Number of the Uninsured -- Sources of Data Acquisition On the Uninsured -- Voluntary Entry Into Insurance -- Income -- Age -- Citizenship -- Eligibility for Medicaid Or CHIP -- Conclusion -- Other Causes -- Notes -- References -- 2 Objectives and Changes Introduced By ObamaCare -- Establishment of the Healthcare Insurance Marketplace -- Changes in the Private Health Insurance Market -- New Fiscal Burdens - Cadillac Tax -- New Regulations Referring to Large Employers (Employer Mandate) -- Changes in the Individual Health Insurance Market -- Changes in the Pharmaceutical Market -- Prescription Drugs (RX) -- Original and Generic Drugs -- Support for New Research Areas -- Better Transparency of the Relationship Between Doctors and Pharmaceutical Companies -- Other Changes -- Extension of Eligibility for Medicaid -- Notes -- References -- 3 Effects of the Changes Introduced By ObamaCare -- Quasi-market Healthcare Insurance Marketplace -- Death Spiral (Accessibility Spiral) - a Classic Course of the Process -- ObamaCare Regulations and the Death Spiral -- Death Spiral Stage I - Increase in the Premiums -- Death Spiral Stage II - Higher Tax Reliefs for People With Lower Incomes -- Death Spiral Stage III - Increase in the Amount of Out-Of-Pocket Expenses -- Death Spiral Stage IV - Decrease in the Number of the Insured -- Death Spiral Stage V - Unreliability of Insurers' Support -- Death Spiral Stage VI - Insurers' Losses and Exits From Healthcare Insurance Marketplaces -- Conclusion -- Private Health Insurance Market -- Individual Health Insurance Market Outside Marketplaces/ Exchanges.