Health Care Reform

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Health Care Reform A newest way to finance health care now days is the health care reform which it is also called Obama Care. The Affordable Care Act was signed into law in 2010. The main objective behind the Affordable Care Act was to ensure that affordable health care insurance was available to every U.S citizen. This law is an extensive document that contains many regulations and laws that relate not only to health care but also to the regulation of insurance companies. One of the best known regulations is that group health plans can no longer put limitations or deny benefits to individuals under the age of 19 due to pre-existing conditions and individuals under the age of 26, are now eligible to be covered under their parents’…show more content…
Medicare beneficiaries will experience lower costs on prescription drugs, primary, and preventive services. The new law expanded Medicare by fighting fraud, adding new benefits, and improving care for patients. Medicare will see lower cost on prescription drugs and free preventive services. There are positives and negatives when it comes to the affordable care act. According to Blumberg (2012) some of the positive aspects of the health care reform are: - Increased access to health care services - Increased affordability of health care services. - Decreasing of overall costs in health care. - Employers are able to get a tax break for offering health coverage to their employees - Lower rate for employers offering health coverage to their employees. - Individuals are able to purchase health insurance even if they have pre-existing conditions. - Individuals under the age of 26 are able to stay under their parents insurances. - Better quality of care for elderly patients. - New health prevention and wellness programs. Some of the negative sides to the health care reform includes: - Individuals are required to purchase their own insurance if their income is above the guidelines. - They could face penalties that will increase gradually if they choose not to purchase an insurance policy. - Premiums may be too high for some individuals even with the tax breaks and discounts.

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