The Affordable Care Act (ACA) was signed into law by President Barack Obama on March 23, 2010, and on June 28, 2012 the Supreme Court decided to uphold the law.¹ Some of the most notable features that the ACA will provide for individuals are access to healthcare for everyone, new consumer protections such as pre-existing condition coverage, free preventative care, protection against healthcare fraud, small business tax credits, as well as many other features.¹ Another provision that the ACA provided was creating the Center for Medicare & Medicaid Innovations within the Centers for Medicare & Medicaid Services (CMS) in order to test new payment and service delivery models designed to reduce costs and increase quality of care to those that receive these benefits.² In this briefing, information about this organization, including financing and delivery, and the impact of the ACA on the Medicaid Program and the …show more content…
Implementation of the ACA would require an extensive expansion of the Medicaid program to low income adults in each state.³ The Congressional Budget Office projects that a previously 30 million uninsured Americans, approximately 92% of the legal, non-elderly population, will have coverage by 2022.³ The federal government will pay for 100% of the costs of expanding Medicaid programs until 2016, and then gradually fade their contribution to 90% by 2020.³ Currently, expansion of the Medicaid program is voluntary and several states have stated that they intend to turn down their share of the billions of dollars that has been made available to each state solely for the expansion of this program.³ States deciding to not expand their Medicaid program will not only exclude many poor, vulnerable families from access to an important health care program, but will also exclude themselves from an economic stimulus for their state and thereby decrease the strength of their health care delivery systems by not allowing them to be more financially stable for the long
President Obama signed the Affordable Care Act (ACA) into law on March 23rd of 2010, with hopes of helping make sure every American have access to quality and affordable health care. Having health care coverage is really a big deal, whether you are a parent with private insurance, a senior with Medicare or a single woman with a pre-existing condition, the Affordable Care Act (ACA) can save you money and help you get better coverage.
One of the most important reasons for passing the ACA was to make health insurance more accessible and affordable. In North Carolina, approximately 1.7 million nonelderly people were uninsured in 2009, but the ACA requires expansion of coverage to uninsured individuals by extending Medicaid coverage to more low-income adults, which in turn, strengthens the employer-based health insurance system, and making it easier and more affordable for the majority of people to buy private coverage (Silberman et al., 2011). According to Silberman et al. (2011), the North Carolina Division of Medical Assistance
This article discusses the progress of the ACA as it enters its sixth year. Jost begins the article by first discussing the success of the act, which include a historical drop in the number uninsured, high levels of satisfaction and a slower growth in health care costs compared to previous years. The paper further discusses how the ACA will roll out in the 2016 year. Individuals and large companies will be taxed for failing to gain and provide access to adequate health insurance. One great idea that Jost poses to increase affordability and access of health care was to make the Marketplace more transparent so that individuals can have a better grasp of provider and drug coverage before they apply. Under the ACA there was also a great push to expand Medicare and Medicaid programs through increasing access and coverage. Although this part of the ACA seemed like a great idea as it provided coverage to more individuals, I wonder how this program and the ACA in general will pan out after the election. The ACA will likely see some changes in the near future. Republican proposals to replace the ACA, which I feel are scarce to being with, might remove the community rating, which will reduce the number of people insured, although ultimately leading to a decrease health care expenditure. On the other hand, Democrats will likely expand the ACA and may also offer additional funding for the program with additional
The Affordable Care Act which was known as ACA or “Obamacare.” was signed into law by President Barack Obama in March 23, 2010. The Affordable Care Act is the greatest renovation of the United States health-care system, and provide coverage for over 94% of Americans. The main key reforms
The Affordable Care Act (ACA) is a large-scale health care law that was enacted by President Obama in March 2010. It was created with the aim of increasing the affordability and availability of healthcare. The Affordable Care Act is also known as Obamacare. When the Senate voted on the law on the 12th of December in 2016 it passed with a fifty percent majority. None of the Republicans voted for it.
Conclusion: The Obamacare has its very good points it does benefit the economy in ways that are meant to take the economy out of debt. But they do cause side effects that may not have been thought of.
The Affordable Care Act (ACA) was signed into law on March 23rd, 2010 by President Barack Obama. This radical health care law was a much-needed step in comprehensive health insurance reform. Three important features of the Affordable Care Act are 1. Improving quality and lowering health care costs 2. New consumer protections and 3. Increased access to healthcare. (Key Features. 2014). Under the umbrella of these three key features additional benefits include free preventive care, drug discounts for senior citizens, increased protection against health care fraud, small business tax credits, increased access to health care through the health insurance marketplace, consumer assistance, and non-discrimination based on pre-existing conditions.
Prior to the enactment of the Affordable Care Act, many Americans did not have access to health care. According to Shi and Singh, assess is an individual’s ability to obtain health services when necessary (Shi &Singh, 2010). “After implementation of the ACA, the proportion of the U.S. population that was uninsured dropped from approximately 16% to roughly 12% in 2014 (Shi & Singh, 2010, p 11). More low to middle income American are eligible for health care services through the Affordable Care Act. Advancements in health information technology have helped to improve and streamline medical services and have helped with the lower cost of health care. “Essential insurance benefits required by the ACA include preventative and wellness services,
Four years after President Obama signed the Affordable Care Act into law there is still uncertainty regarding how it will affect small businesses. Because there were delays and exemptions granted by the, Obama administration and challenges that were still pending in courts. The effects on small businesses vary from state to state depending on the company size and the composition of the company's workforces. But the large corporations pay their employees medical bills and hiring insurers to administer health benefits. Most small businesses purchase group health insurance from insurers and face cost increasing regulations as they go through the annual ritual of renewing their coverage. While media has focus their attention on the state and federal health exchanges, employers are responsible for the growth in the
The Affordable Care Act (ACA) has been the biggest milestone to date in American health care policy (Saldin, 2011). There is nothing more complex or controversial in recent history than the passing of the ACA in 2010 (Davidson, 2016). The United States Supreme Court ratified the constitutionality of the Patient Protection and Affordable Care Act on June 28, 2012. With this, there were certainly challenges facing the full implementation of the provisions of this act by 2014.
There are over 45 million people in the United States who are uninsured when it comes to healthcare. Many are uninsured due to the expensive health care costs. To combat this, the Obama Care administration created the Patient Protection and Affordable Care Act to provide nationalized healthcare. The Affordable Care Act is meant to expand health coverage, lower health care costs and hold insurance companies accountable. The Affordable Care Act will allow more people to be insured but the issue lies in the question, do the costs outweigh the benefits? The Affordable Care Act will be used in an attempt to lower health care coverage costs for citizens. An example can be seen from a report in the Kaiser Family Foundation. The premium is required
Health insurance is essential in order to assist in paying for hospital and clinic visits. Without health insurance cost would be astronomical and people would not be able to afford health care. Blue Cross/ Blue Shield and Health Maintenance Organization, were some of the many insurance companies widely used before the Affordable Care Act. Although health insurances existed, many individuals and families were not able to afford them due to the increase in the cost of health care. New research over the years has enabled the creation of new medicine and technology in our practice. This leads to services being more expensive for individuals, which raises the price of insurance.
On March 23, 2010, President Obama signed the Affordable Care Act into law, putting in place comprehensive reforms that improve access to affordable health coverage for everyone and protect consumers from
The implementation of the Affordable Care Act (ACA), popularly known as “Obamacare”, has drastically altered healthcare in America. The goal of this act was to give Americans access to affordable, high quality insurance while simultaneously decreasing overall healthcare spending. The ACA had intended to maximize health care coverage throughout the United States, but this lofty ambition resulted in staggeringly huge financial and human costs.
Your hospital can be penalized if you are suffering from chronic disease and readmitted within 30 days after the discharge, under the Affordable care act (ACA). ACA has changed the perspective of chronic disease management of hospitals, shifting their focus from treating the conditions to deciding ways to prevent them. Under ACA, hospitals will be penalized or rewarded depending upon their performance on 30-day readmissions, infection control and patient satisfaction levels (1). Are chronic diseases so prevalent and disabling that government has to step in? What could be the impacts of chronic diseases on economy that Government is proposing and enforcing laws to prevent them?