The Healthcare Reform Law by Obama: Budget of the Healthcare Reform Report

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The healthcare reform law and its sources of funding

The proposed healthcare reform has an estimated budget of $828 billion; half of which is scheduled to be acquired from the expansion of Medicaid with an extra $29 billion stipulated to aid in the funding of CHIP. About $31 billion is expected to come from subsidies obtained from small businesses across the nation and tax credits. The outstanding estimate of $507 billion will be gotten from grants belonging to low and middle-income people who buy their health insurance via the Health Insurance Exchange. In addition to the expected donations, funds will also be raised from penalties imposed on individuals who opt not to purchase health insurance. This is expected not only to generate more money from the penalties but also to facilitate more purchases of health insurance.

Role of the state in the implementation of healthcare reforms

The most significant role played by the state in healthcare reforms was the signing of the legislation of healthcare into becoming law by President Obama in March 2010. The state has also put in place measures of obtaining an estimated $828 billion for the accomplishment of the modification. In addition to the funding expected to be obtained from other branches of government, there are proposals that the government will impose annual fees on pharmaceutical manufacturing industries and other private insurance companies. This is a move aimed at raising more funds for the reforms. The government is also intending to impose penalties on people who fail to buy health insurance as a move to implement the reform fully.

Impact of healthcare alteration on healthcare workforce

The reform in healthcare will have a number of impacts on the healthcare workforce. For instance, it addresses vital shortages in the workforce through its support of training funds geared at meeting the needs of American mental patients. It also supports preventive medicines and training in public health for future physicians. The reform also allows provision of scholarships and favorable loan reimbursement schemes for physicians including physical therapists and radiology technicians. Additionally, it gives a raised loan for geriatric training. The reform also has a significant impact on healthcare workforce through its establishment of the Ready Reserve Corps which is intended to respond in the event of national emergencies. It endorses community health labor force as well.

Impacts of health information technology on my decision to pursue health and medicine

The fact that healthcare in moving in a totally different direction is bound to affect the kind of work stipulated for health workers, how many of them will get employment in particular fields and how their work will be done. The advancement in technology in this industry is a major factor in the changes of career opportunities experienced today. Researches are done regularly to determine preventive methods of diseases and better ways for disease diagnosis and treatment. This brings about the introduction of new, sophisticated machines that can only be operated by specially trained workers. What is worrying is that those trained to operate new machines are workers who are already employed at the expense of trainees like me. This makes me a little worried whether I will be absorbed into the system after graduation, but it does not make me regret my choice for pursuing health and medicine. As a matter of fact, I am positive from the fact that information technology in this field is prompting health workers to specialize in performing a number of tasks that were only practiced by dentists or physicians. The advancement of primary health care due to modernization in healthcare is a boost to my career. Despite the fact that many Americans are today resorting to primary healthcare, physicians who specialize in this are only a handful. This implies that there is still room for people like me.

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