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Unformatted text preview: is extremely beneficial for those who do pay. The benefits principle that we learned in class applies to this situation; people who have health insurance coverage reap the benefits of receiving instant medical treatment while those who do not have coverage are turned away. Due to the current state of economy and the increasing number of lay offs, people under the new health mandate still have health care coverage even if they lose their jobs due to pre-existing conditions. However, people who have a higher income are also getting taxed at a higher rate and are not happy with this. The ability-to-pay principle is applicable in this situation, people in this situation feel as if they are being taken advantage of by the government due to their larger income. http://money.cnn.com/2010/04/14/pf/taxes/health_insurance_mandate/index.htm...
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This note was uploaded on 10/21/2011 for the course ECON 103 taught by Professor Voorheis during the Spring '08 term at UMass (Amherst).
- Spring '08
- Excise Taxes