Pros
Firstly, ACA has made healthcare insurance more affordable. This is in terms of the ease of getting coverage as well as low premiums. Secondly, ACA has eliminated prejudice against people diagnosed with certain illnesses. For instance, before ACA, insurance companies did not cover the treatment of these conditions. Due to ACA, cancer and other preexisting conditions are no longer grounds for denying someone coverage. Thirdly, ACA has resulted in the growth of preventive care rather than treatment for conditions as they appear. This is because ACA has enabled the coverage of many screenings. The health-conscious individuals have taken advantage of this, leading to the controversial discovery that healthier people have lower costs in the long term. A good example is the early screening and treatment of diabetes to prevent the more expensive and debilitating treatments later.
Cons
Firstly, ACA made having insurance coverage mandatory, and failure to comply was subject to punishment by a fine. As a result, this has spun heated debates with one side protesting the law on the grounds that such actions are intrusive. Secondly, insurance premiums have gone up since the implementation of ACA. This is because insurance companies have started to incur higher costs, especially due to the mandatory coverage of people with preexisting conditions. The people who have been affected greatest are those who had prior covers. Thirdly, according to the law, any business with over 50 full-time employees must provide insurance cover or help pay for the employee’s health care expenses. As a result, businesses have been reducing the working hours below 30 (the definition of full-time) to reduce the payments. As a consequence, employees have been affected negatively.
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