Question

How does the public interest theory and the special interest group theory related to the Patient Protection and Affordable Care Act of 2010.

Answer 1

Public interest Theory: it believes that market economic system does not deliver efficient result in term of equality and fairness. Hence, government must intervene in economic activities to deliver efficient results.

Interest Group Theory: Different interest groups compete with each other to influence government policies. Ultimately, these conflicts groups lead to balancing in government polices and it provide sustenance to good government.

Patient Protection and Affordable Care Act of 2010, was aimed at protecting even lower section of society by providing affordable health care. It provides subsidies to poor as well.

Both theories advocates government actions to deliver efficient result, and Affordable care act of 2010 is an supreme example of government intervention in economic activities to preserve principles of fairness and equity.