Question A cost-benefit analysis reveals more damage to repealing the Act because the healthcare system’s sustainability is invested in the ACA to increase access and reduce costs. Additionally, The Cost-Benefit of the Affordable Care Act The Cost-Benefit of the Affordable Care Act it provides an avenue for creating government revenue and employment, thus helping in economic growth. What are some of the analytic tools that legislators use to measure this cost/benefit?

Question A cost-benefit analysis reveals more damage to repealing the Act because the healthcare system’s sustainability is invested in the ACA to increase access and reduce costs. Additionally, The Cost-Benefit of the Affordable Care Act The Cost-Benefit of the Affordable Care Act it provides an avenue for creating government revenue and employment, thus helping in economic growth. What are some of the analytic tools that legislators use to measure this cost/benefit?

The Cost-Benefit of the Affordable Care Act

The analytic tools that are good for measuring the cost and benefit of repealing the Affordable Care Act (ACA) are a microeconomic analysis, comparative static analysis, and macroeconomic analysis. Microeconomic analysis is good for looking at the specific provisions in the legislation and how they impact different economic sectors (Golden, 2018). ACA repeal would likely reduce government revenue, increase the number of people without health insurance, and lead to job losses in the healthcare sector. The healthcare sector is a large and important part of the economy; therefore, job losses could negatively impact economic growth. Our assignment writing help is at affordable prices to students of all academic levels and disciplines.

Moreover, macroeconomic analysis is good for looking at the overall impact of repealing the ACA on the economy. The method considers how different economic sectors would be impacted by ACA repeal. Repealing the ACA would likely lead to a decrease in GDP and an increase in the federal deficit (Golden, 2018). Repealing the ACA would likely lead to a decrease in economic growth and an increase in the federal budget deficit. Evidently, the Congressional Budget Office (CBO) estimated that repealing the ACA would increase the federal deficit by $137 billion over the next ten years (Schoot et al., 2021). Similarly, the GDP would be reduced by 0.36 percent in 2025, which would result in a loss of about 880 billion dollars. In other words, repealing the ACA would harm both the federal budget and the economy.

Another tool for measuring the cost and benefit of repealing the ACA is a comparative static analysis. This tool would compare the changes in economic variables under two different scenarios: with and without the ACA (Schoot et al., 2021). Significantly, this analysis would likely show that repealing the ACA would lead to a decrease in GDP, an increase in the federal deficit, and a decrease in the number of people with health insurance.

References

Golden, M. (2018). Health Insurance Plan Regulation after the Affordable Care Act: A Cost-Benefit Analysis Comparison. Harv. Bus. L. Rev. Online, 9, 1.

Schoot, M., Kapper, C., van Kessel, G., Postma, G., Buydens, L. M., & Jansen, J. J. (2021). Cost-benefit analysis of calibration model maintenance strategies for process monitoring. Analytica Chimica Acta, 1180, 338890.