Chapter 7, Business-Government Relations, discusses types of public policy, incl

Question

Chapter 7, Business-Government Relations, discusses types of public policy, including economic policy (fiscal policy, monetary policy) and social assistance policies; the chapter also discusses types of regulations, including economic regulations and social regulation. Conduct research and choose one U.S. federal policy or regulation that the Trump administration has changed. Briefly (one or two sentences) describe the policy or regulation, then demonstrate your ethical reasoning in explaining why you agree or disagree with the change

Explanation / Answer

Obamacare or Affordable Care Act was passed in the year 2010. The objective of this policy is to cover maximum Americans by offering discounted health insurances through tax credits.

The Obamacare policy was designed to last for 90 days. Trump Government has made a change that loosens regulations on short-term health insurances. The proposed cap is now 1 year i.e. 365 days.

I completely disagree with this change as the whole objective of this policy goes wasted with this change. The prime objective of Obamacare was to provide affordable health insurance. By Trump Govt. reforms, the premium of Obamacare will increase substantially and thus the whole concept of affordable healthcare will become an irony.

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