Affordable Care Act Research Paper

The rise in drug prices is causing the public to ask why this is so and why there isn’t anything being done, or what the reason could be for sky high prices. Some of the reasons include pharmaceutical companies setting their drug prices

The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) or, more commonly, Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The law mandates United States citizens to obtain health insurance coverage and businesses of 50 or more full time employees) to provide health insurance to its’ employees. Should you not be covered, a penalty will be imposed.

As the new healthcare law takes effect insurance premiums are expected to rise. On average for the last six years insurances premiums have gone up six percent per year. The average annual cost that employers pay to cover their employees is around $10,000 for each employee. Usually employees are responsible for 20 percent that total or $2000. At this time the new law has done

As stipulated in the act, even those with preexisting health conditions can now access the cover without any limits by the law (Whitman, 2015). Consequently, more than 16 million Americans who previously did not have the cover now have the cover. As a result, due to the large pool, insurance premiums paid are much lower. More Americans can now afford to go for checkups hence increasing the chances for early detection of critical health conditions. New illnesses that previously did not exist are now being discovered, especially in the states that the Medicaid expanded

The ACA was recently put into play in 2010, the broad overview of this act was to make changes and add rules to healthcare exchange, requirements for health

The Patient Protection and Affordable Care Act, otherwise known as the Affordable Care Act or ACA, enables citizens to have affordable health insurance coverage through several legislative provisions (Rosenbaum, 2011). It is through these provisions that the government,

Since the passage of the Affordable Care Act (ACA) or ‘Obamacare’ in 2010 and its implementation in 2014,there has been a steady decline in the uninsured population of the United States of America. The number of Americans with health insurance, has reached a historic peak. According to recent data from the Census Bureau about health insurance coverage, the number of uninsured Americans fell from 33 million the year prior to ACA implementation to 29 million in 2014.The total uninsured rate dropped by more than 4 percent since the health care law took effect. The ACA has significantly reduced the number of Americans who were not able to acquire health insurance due to poverty, unemployment, or having a pre-existing condition.

As discussed by Avik Roy, an editor and author of Forbes Magazine, that when Obamacare was first introduced to the American public, the administration knew that it would cause massive destruction. Recently, White House spokesperson Jay Carney attempted to make light of the claims from many Americans about policy cancellations. In which, he says it will only affect five percent of the total population. That small volume of five percent of Americans happens to equal around 15 million individuals that will get insurance cancellations as their policies don’t comply with Obamacare standards. After receiving their policy cancellation notices, Americans will likely seek coverage through a private policy that complies with the Act or apply for coverage through the Marketplace website. Either way the insured will likely find that including all of the Obamacare mandatory benefits will increase their monthly premium.

OMarch 23, 2010 brought America's first universal health care coverage law, The Affordable Care Act (ACA) known as Obama Care (though it had nothing to do with the care of Obama). The ACA aimed to stop skyrocketing insurance plan rates, limiting coverage, capping usage, high deductibles, and denied coverage on preexisting conditions. It also addressed the issue of citizens who had only high deductible catastrophic health insurance plans, or not any health insurance at all. The ACA's objective to drive down medical costs mandated all citizens to have health care coverage. Part of the revenue was to come from health care payments made by those who hardly use medical services to provide funds to keep medical costs low for those who use medical

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

President Barack Obama put the Affordable Care Act (ACA) in place in 2010 and it has been utilized since. Obama says, “the Affordable Care Act has made significant progress toward solving long-standing challenges facing the U.S. health care system related to access, affordability and quality of care” (2016). Therefore, the Affordable Care Act of 2010 has been a working progress towards upholding the iron triangle of healthcare, which is cost, quality, and access.

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.

For the first time in history, insurance companies will no longer be allowed to simply tell a person “no”. They will be required to offer coverage and accommodate regardless of a person’s health status, and they will not be able to jack up rates or drop any one from coverage when the main person in the insurance packet gets sick.

The rise in costs of prescription medicines affects all sectors of the health care industry, including private insurers, public programs, and patients. Spending on prescription drugs continues to be an important health care concern, particularly in light of rising pharmaceutical costs, the aging population, and increased use of costly specialty drugs. In recent history, increases in prescription drug costs have outpaced other categories of health care spending, rising rapidly throughout the latter half of the 1990s and early 2000s. (Kaiseredu.org, 2012).

A crucial component of the ACA is the individual and employer mandates. The individual mandate entails that those