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Locate a news story that summarizes the proposed Obama Health Plan and the impact it may...

Locate a news story that summarizes the proposed Obama Health Plan and the impact it may have on the pharmaceutical businesses. Summarize the article.

500 words no plagiarism please no bullet points

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Ans) 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.

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