(Answered) Evaluate the hypothetical situation that follows and

Economics

Evaluate the hypothetical situation that follows and creatively offer solutions.

The Patient Protection and Affordable Care Act is fully implemented in 2014. Time passes and the next President of the United States decides to carry the healthcare solution one step farther, which is the implementation of a mandatory single payer system fully funded through tax dollars and managed by the federal government through CMS. All residents of the United States will now pay for their health insurance through additional federal income tax. Identify the political, social and legal issues associated with such an action and assess the potential impact on both the economy and the general population.

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Macroeconomics, Economics

Category:- Macroeconomics
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