Question

Use the below story and post your feelings on what these changes may mean to the industry in terms of research, jobs, marketing, and profitability.

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How did Obama care changes means  to the industry Research, jobs, marketing, and profitability.

500 words no plagiarism no bullet points please.

Obama healthcare plan also called affordable health care plan. The plan emphasized more on preventive care by adoption of more of screening tests and preventive measures like vaccination. It also stresses on coverage of preventive measures. Preventive measures are mainly based on supplements and vaccination. This preventive tilt will benefit pharmaceutical industry as to keep running insurance business Since insurers have to pay for their businesses with 80 percent medical-related products and procedures,. they will have to purchase the latest medical treatments and large amount of people will buy pharmaceutical products. Pharmacy stocks will hike, as insurance and medical procedures are requirement of government.

People who invest in the medical industry are likely to see a large income hike on their stocks from the new medical insurance plan.

As in proposed plan, more of Americans are intended to be covered under insurance so people who tend to avoid hospitals will visit now . So use of medical services will increase and the potential is there to have increased cost of pharmaceuticals.

overall there is going to have positive impact on pharmaceutical industry

President Obama proposed the Affordable Health Care act, he implemented will be on the fast track toward implementation within the next few years. Although there are people on both sides of the political world that both love and detest the plan, the overall effect on the pharmaceutical industry should be a positive one. In fact, there are many ways that the new medical rules will provide benefit to the pharmaceutical industry.

Since insurers have to pay for their businesses with 80 percent medical-related products and procedures, more companies will want insurance customers to purchase the latest medical treatments and care options to cover their expenses. This will increase the amount of people using pharmaceutical products. That, of course, has certain problems attached to it. With the increase of people using drugs, abuse is a growing possibility; fortunately great places are set up to deal with such issues, click here for more information on that subject.

Since insurance is a requirement for most Americans, many people will want to increase the amount of medicine and procedures they have simply because they are paying for the treatment anyway. This will benefit the pharmaceutical industry as a whole simply by increasing the amount of people who purchase from the industry.

The benefit to the medical companies and pharmaceutical industries is likely to be great. However, the benefit for individuals may not be so great. Individuals who already have insurance may see their prices increase by up to 20 percent. The Affordable Care Act prevents price increases above 20 percent, but it is possible that some insurance companies may find a way to continue to increase prices by 20 percent for the next several years, leading to extreme insurance costs for individuals who are unable to qualify for government assistance due to high income levels.

The future of the medical industry is unknown. It is likely that the medical industry as a whole will benefit from the new plan, but it is less certain which individuals will benefit from the plan. The only way to know for sure is to wait it out and see what happens. Most likely, if anything changes too much, the government will add additional stipulations to the act to ensure that the cost of health care is fair for all.

Answer 1

Obama health Care act was proposed on 2010. The prime goal of the act is to make health care available for low income groups who are not covered under health insurance. The act creates a marked an positive and great impact on health care. It forces all healthy and young people to take insurance coverage. If the higher income group or healthy people fails to take insurance coverage they are obliged to pay more taxes.

The affordable health care reforms focused more on preventive services like vaccinations,immunization, screening programme, this inturn markedly reduced critical care illnesses among low income groups.

Obama care reforms has a great pros of including preexisting diseases under Health coverage. The patients with preexisting disease like cancer, diabetes,hypertension can get coverage under health care act.

The dollar limit for treating certain conditions are rejected under Heth care reforms. There is no fixed limit for medical expenditure. This creates a greater impact on insurance companies as they are burdened to pay huge amount until the patient got discharged.

ACA covers large prescription of drugs and also it helps elderly and low income group population to buy medicines necessary for treating the disease.

The important demerit includes paying high premiums, people will be taxed and fine of they fails to take a health insurance.