Affordable Care Act and Global Healthcare Systems

These flashcards cover key aspects of the Affordable Care Act and global healthcare systems as discussed in the lecture.

What are the major provisions of the Affordable Care Act (ACA)?

The ACA requires individuals to have health insurance, prevents insurance companies from denying coverage, and limits insurers' ability to choose who they insure.

Until what age can young adults stay on their parents' health insurance plans?

Young adults can remain on their parents' health insurance plans until age 26.

How does the ACA aim to provide health insurance to 32 million uninsured Americans?

By expanding Medicaid to low-income earners and providing subsidies and tax credits to middle-income individuals.

How does the ACA fund the expansion of healthcare coverage?

Through increased Medicare taxes on high-income individuals, taxes on unearned income, and fees on healthcare-related industries.

Why is the individual mandate controversial?

It is controversial because it may create moral hazard by encouraging less careful behavior and critics argue it violates the Necessary and Proper Clause.

How does England control rising healthcare costs?

The government owns hospitals, employs doctors, sets budgets, and negotiates drug prices, with no insurance companies involved.

How does Japan control rising healthcare costs?

Hospitals are private and insurance is nonprofit, with a government-set national fee schedule so doctors, hospitals and drug companies cannot charge more than fixed prices

How does Germany control rising healthcare costs?

The government uses nonprofit sickness funds for insurance and requires income-based premiums while negotiating national prices for doctors hospitals and drugs

How does Taiwan manage its healthcare funding?

The government runs a single-payer system, sets prices for services, keeps administrative costs low, and regulates drug cost through smart card system