Health care is one of the major political issues facing the nation today. Most industrialized countries have national healthcare system, while the United States only provide coverage for those who are eligible under government programs like Medicare and Medicaid. As the cost of health care to continue to increase,
AFFORDABLE CARE ACT 5 In Title IX named, Revenue Provisions, will provide a middle-class tax cut to help those families and small business owners have more affordable insurance coverage ("Read the Law | HealthCare.gov", n.d).
All of these problems encouraged reform of the United States healthcare system. While the Affordable Care Act was implemented in 2010, the most significant changes in the healthcare system began in 2013 with the expansion of Medicaid. According to the ACA’s official website, the law’s main goals are to create cost efficient health insurance and medical services, as well as expand Medicaid so that the stated programs will be available to more Americans. (“Affordable Care Act (ACA)”). To do so, the ACA imposed many requirements on both sides of the health care system. The ACA has expanded federal regulations on private insurance providers by requiring that these companies cannot deny coverage based on the health of the beneficiary. The ACA has also established a marketplace for health insurance to be purchased by small businesses and individuals. Finally, the most noteworthy reform is the requirement for all Americans to purchase minimum coverage, or pay a penalty. However, those who cannot afford coverage and have “an income below 138% of the Federal Poverty Level eligible for Medicaid” will be paid for by the government (“The Affordable Care Act in the US”).
Affordable Care Act Understanding the Affordable Care Act (ACA) can be problematic, the goal of the ACA is to address the fact that millions of Americans do not have health insurance, yet they are contributors to the health care market, consuming health care services for which they do not pay. While
The Affordable Care Act has brought many changes to healthcare in the United States. Some of the changes brought on by the Affordable Care Act have had a positive impact on society and some have had a negative impact. Some of the positive effects of the Affordable Care Act include better consumer protection and equality, and healthcare coverage for more Americans. Some of the negative effects include rising insurance premiums and a shortage of doctors. There is also a new set of rules under the Affordable Care Act regarding the billing of medical claims.
In Ohio, the financial aspects of ACA implementation are numerous. A large amount of Ohioans received an average tax credit of $244 per month while about half that number, 41% of enrollees, were able to secure insurance for $100 or less (United States of America, 2015). One million dollars was received in research grants for Marketplace innovation and improvement and funds that were originally spent on salaries and marketing were diverted to care improvement through the 80/20 rule (United States of America, 2015). Large amounts of funds were made available to combat premium increases which have saved approximately one billion dollars nationally (United States of America, 2015). Over $217 million has been made available for primary care services in community health settings with an additional $33 million ear marked for prevention and public health needs (United States of America, 2015). I believe this feature will have the greatest impact on health in Ohio. Increased funding for community projects naturally leads to increased preventative measures and decreased health care costs overall. Close to $235 million was saved in prescription costs by those enrolled in Ohio Medicare through the closure of the medication coverage gap (United States of America, 2015). This results in an average saving of $980 per
Affordable Care Act: Help or Hinder? The Affordable Care Act, more commonly referred to as the ACA or Obamacare, is a topic of great controversy amongst Americans. The ACA has made changes in every aspect of health care in one fell swoop. Insurers, health care providers, medical equipment suppliers, small businesses and the insured people of America were all affected by the passing of this act. With these changes there are many new advantages to health care that are for the common good. For example, Obamacare has made it so that pre-existing conditions can no longer be turned away from insurance companies, contraception is free, preventative care screenings come at no cost to the insured no matter the insurance plan, and there is a cap to
Introduction The Affordable Care Act (ACA) extended healthcare coverage to millions of formerly uninsured individuals by expanding eligibility of Medicaid and the formation of Health Insurance Marketplaces. The ACA also included reforms to assist individuals sustain coverage and have the availability of affordable and accessible private healthcare insurance. Analysis from 2014 and early 2015 and have shown significant increases in public and private healthcare insurance coverage and have attributed the remarkable decreases of the rates of uninsured individuals from marketplace.gov and health insurance exchanges from the first year the ACA had healthcare coverage available.
Abstract On March 23, 2010, President Barack Obama signed the Affordable Healthcare bill into law. There has been much controversy over this Affordable Healthcare Act before and since it was signed into law. It was estimated that 30 million people would sign up for the new healthcare and that the healthcare industry would need a bigger workforce. Within hospitals across the United States there is already a shortage of nursing and medical staff. What will this new law mean for hospitals in their declining health care professionals? In what other ways will this healthcare law impact hospitals across the United States? This paper will attempt to explore some of the realities and possibilities in greater depth.
The Affordable Care Act or ACA is a federal statute initiated by President Barack Obama, its intended effects were to supply medical coverage at a low cost to millions of Americans who could not afford access to healthcare. There are a variety of economic and scholarly opinions regarding the ACA’s effect on the healthcare market. Many of these viewpoints have changed over the course of Obama’s presidency as the statute began to affect individuals and the healthcare market.
National Healthcare Delivery The healthcare system in America started as a predominantly volunteer system where patients were required to pay little to nothing for treatment. Since it began, the healthcare industry has seen tremendous changes that have transformed it into a business entity which has operations like financial management, strategic planning and functional specialties to keep the industry viable. The industry is one of the largest in the country employing 15 million people with a projected increase of jobs with 3 million jobs annually. As the healthcare industry continues growing, services and personnel are changing, and various dynamics are coming into play to accommodate changes (Smith, Saunders, Stuckhardt, & McGinnis, 2013).
What is Obamacare? The affordable Care Act is the US healthcare reform law. The law makes healthcare and health insurance more affordable and move available to more Americans the official name is the Patient Protection and Affordable Care Act of 210, but is mostly referred to as Obamacare. This law was signed on March 23, 2010. Originally the ACA was enacted to increase the quality and affordable of health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals. There have been several provisions done to the act since 2010. Within my paper I will be discussing the pros and cons of the ACA, changes that are taking place within the act and from the standpoint
The Affordable Care Act (ACA) was enacted in 2010 and was designed to insure millions of people, who did not have health insurance, reduce out-of-pocket expenses for families and reduce costs for small businesses. In essences, when enrollment opens in 2013, the ACA law will target the 42 million Americans that according to a Census Bureau Survey are uninsured (Klein). Indeed, Obama Care from a utilitarian point of view is a huge improvement in medical services to a larger proportion of the population, that prior to this law did not have insurance available to them, including improved availability of health care services and reigning in out of control insurance companies.
“In 2010, Congress enacted the Patient Protection and Affordable Care Act in order to increase the number of Americans covered by health insurance and decrease the cost of health care” (Supreme Court Opinion, 1). In America, it is a basic necessity to possess health care, logically, Congress would like to make such a necessity more accessible to Americans. Due to a divided government, there are variant views on whether this is necessary and just. Health care benefits all Americans; it is just a matter of if the policy of a required national health care is beneficial.
Rick, ACA has increased routine preventative care services with no deductible or copay charge. I believe this was strategically implemented, so individuals can attend their medical appointment. However, that’s more likely why some of the private health plans exited the government health insurance market place. The private insurance sector is not profiting modeling the ACA. I believe employers have their employees to pay high deductibles, to decrease utilization. I am not sure if the private sector will ever change.