Medicare, Medicaid and Social Security Essay Example | Topics and Well Written Essays - 750 words

Medicare, Medicaid and Social Security - Essay Example Since the passage of Medicare and Medicaid, the Obama care represents one of the most important regulatory overhauls of the U.S. healthcare system. The significant role of the PPACA was felt in healthcare system due to its incorporation with Health Care and Education Reconciliation Act amendments in the United States. The ACA was enacted in order to increase the affordability and quality of health insurance. Through this health care act, there was a provision of lowering the uninsured rates through the expansion of public and private insurance coverage. This bill, additionally, reduced the cost of healthcare for both the individual patients and the government. Lastly, the â€Å"Obama care† introduced mechanisms like subsidies, mandates and insurance exchanges. This act established a universally single-payer health care system in the United States. It was roughly an equivalent of Canada’s Medicare. Under a single care insurance model, all the medical care were supposed to be catered for by the government of the United States. The major aim of National Health Care Pact was to end the need for private health insurance and premiums. This entirely probably was aimed at recasting the privately owned health care insurance company and boosting the affordability and efficiency of the United States health care system (Mathews, 2014). The external factors that led to the implementation of the Patient Protect and Affordable Care Act and the United States National Health Care Act was to have an efficient and affordable healthcare system to the public. Health care, as a national government policy, is a very crucial docket especially when it comes to the expenses communally incurred to cater for these expenses. The implementation of â€Å"Obama Care† considerably considered the accessibility of health services to the public, which is the basic entity of both the federal and national governments (Institute of medicine, 2005).