Would individual mandates for health insurance be more or less burdensome to the poor than employer mandates? Would lower-income groups be wise to favor one plan over the other?
Individual mandate is a coverage of health insurance for all people in US.Subsidies given will make the individual to purchase or have at least one health insurance policy especially for low income group through employer, government, state and federal insurance exchange .But imposing penalties if not having will be more or less a burdensome to the low income group or poor people. Because a portion of the income has to be spent on insurance causing more financial tightness to poor people.
Employer mandate are the one which the employer pay aan substantial amount or share for their employees which always makes an individual less burdensome .It is a shared responsibility
The lower income group people affording a health insurance plan over one plan than the other will be wise if the expense incurred for it from their salary should be negligible or to a payable amount to avoid burdensome.
Would individual mandates for health insurance be more or less burdensome to the poor than employer...
In your own words, explain why employer-purchased health insurance results in more comprehensive health care coverage. What are some of the arguments in favor of eliminating or placing a cap on the tax-exempt status of employer purchased health insurance? What are some of the consequences of greater comprehensiveness of employer-purchased health insurance? What are the differences between community rating and experience rating, and what are some consequences of using community rating? What are some reasons the Affordable Care Act has...
Explain this concept: small employer groups are less likely to offer health insurance benefits based on employee preference or perceived value of the benefit.
If an employer has a plan that reimburses more than one employee for his or her individual policy health insurance premiums: a. The arrangement can trigger an Affordable Care Act penalty of $100 per employee per day b. The arrangement can trigger an annual Affordable Care Act penalty of $500 per employer c. The arrangement can trigger an Affordable Care Act penalty of $195 per employee per month d. The arrangement can result in an annual federal income tax credit...
Explain how the tax subsidy may encourage employees to purchase employer sponsored health insurance or purchase more benefits (better plan) than what they would normally purchase without the tax subsidy.
why would the probability of an employer offering retiree health insurance increase with the number of employees for large firms (over 200 workers)?
Affordable Care Act brought certain health insurance mandates with some exceptions. Since Affordable Health Care Act became law, between years 2010 and 2016, the number of uninsured people in the United States went down from 48 million to about 29 million. Assume that most of these 19 million people who gained health insurance access were young and healthy. Given this information and assumption, holding everything else that may affect the demand for health insurance constant, which one of the following...
In an annual survey of healthcare consumers with health insurance, less than half—46 percent—stated they understand their coverage. Among age groups, young healthcare consumers have the least understanding of their health insurance coverage. By age group, the percentages of those who stated they have a good understanding are: 30 percent of Generation Y 40 percent of Generation X 54 percent of Baby Boomers 58 percent of Seniors (Deloitte Center for Health Solutions 2010, 15) This lack of understanding undermines people...
A carbon tax is likely to be regressive (it will hurt the poor more than the rich because it takes a bigger percentage of their income). Regardless of your opinion on question 1, if a carbon tax was adopted what should we do with the money? We have several choices: (a) use it to fund more green research, (b) put it in the general fund (to be spent on anything), (c) lower payroll taxes on the bottom 40% (by the...
Being overwieght increases health problems and the cost of health care, and health insurance pays for health care costs for people who have it. Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that? Selection(s) - people with health insurance will be less likely to be overweight than people without health insurance. people with health insurance will be more likely to be overweight than people without health insurance. there is no correlation between having health insurance...
Singapore's health care system includes the following major elements, except Multiple Choice government mandates designed to promote competition on price and quality among health care providers. high out-of-pocket costs to consumers. laws requiring people to save for future health expenditures. a national health insurance plan for its citizens provided by the government. The experiences of Singapore, Whole Foods Markets, and the State of Indiana all point to one major factor that could reduce, if not eliminate, overconsumption of health care....