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Global finance: Obamacare and wealth re-distribution

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The Patient Protection and Affordable Care Act, known as Obamacare, is the largest overhaul of the US healthcare system since the 1960s. Its aim is to extend health insurance coverage to some of the estimated 15% of the US population who lack it. Those people receive no coverage from their employers and are not covered by US health programs for the poor and elderly. But it turns out to be quite controversial among US society and that Republicans are making every afford to topple Obamacare. So what are the pros and cons of Obamacare? How should the government balance public benefits and economic gain? In todays "Global finance", Ivan has talked to Dr. Wei Li from Sydney University Business School to give us more insight into the government's role when wealth is unevenly distributed.


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By Ivan Leung

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The Patient Protection and Affordable Care Act, known as Obamacare, is the largest overhaul of the US healthcare system since the 1960s. Its aim is to extend health insurance coverage to some of the estimated 15% of the US population who lack it. Those people receive no coverage from their employers and are not covered by US health programs for the poor and elderly. But it turns out to be quite controversial among US society and that Republicans are making every afford to topple Obamacare. So what are the pros and cons of Obamacare? How should the government balance public benefits and economic gain? In todays "Global finance", Ivan has talked to Dr. Wei Li from Sydney University Business School to give us more insight into the government's role when wealth is unevenly distributed.



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