Introduction
The purpose of the Patient Protection and Affordable Care Act or Affordable Care Act (ACA) is to provide more affordable and equitable care to all families and lower the uninsured rate by expanding coverage of insurance while reducing costs. This federal statute was enacted by President Barack Obama on March 23rd, 2010. The Marketplace is where people who are not already insured through the Medicaid, Medicare, or their company insurance can get quotes for health insurance coverage at a lower rate.
Timeline of Development
In March of 2010 the Affordable Care Act was implemented by the President Obama. Insurance companies were no longer allowed to decline coverage to children with pre-existing conditions nor drop a person for
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Discriminatory actions were also required to be reported, this could be based on any racial, ethnic, and language differences. The goal was to collect data to help recognize and decrease disparities among minority patients (The Affordable Care Act Timeline , n.d.). Electronic recordkeeping was implemented to reduce paperwork, medical errors, cost and to insure that all private patient information was staying private and confidential. (The Affordable Care Act Timeline , n.d.).
In 2013 Medicaid programs offered more low cost preventative care programs for patients with the expansion of their funding.
The Affordable Insurance Exchange opened in 2014 to provide the uninsured with options to buy insurance directly from the Exchange (The Affordable Care Act Timeline , n.d.). People that could afford health insurance coverage would be required to obtain the basic coverage or they are charged a fee to offset the costs of caring for the uninsured. Medicaid expansions saw to more families being covered than previous years. Caps were also place on new plans and excluded existing plans from capping limits on coverage by insurance companies (The Affordable Care Act Timeline , n.d.). Many families reported that being able to choose the level of care they would receive improved their overall perception of the ACA.
“The implications for the Affordable Care Act in reference to overall population of the United States would be care to prevent illness at no cost; reduced
The purpose of the Affordable Care Act is to make health insurance more affordable for those who may not have health insurance or those who do, but have little to no coverage. While a vast majority of Americans had health insurance previously to the enacting of ACA, the new law was for people who did not want to buy it or could not afford insurance (Clark J.,
The ACA is meant to be an affordable coverage to 30 million Americans by making having affordable insurance for employers from middle to low income Americans and expanding Medicaid and Medicare. The main goal is to lower the healthcare cost and give better healthcare. ObamaCare is also meant to lower premiums and insurance costs. All Americans are required to have insurance and gives
Large populations of Americans are uninsured mainly because of the high cost of insurance. Majority of the uninsured are the low-income working families’. The adults represent a higher percentage of the uninsured than children. Before the law, you could be denied coverage or treatment because you had been sick in the past, be dropped mid-treatment for making a simple mistake on your application, hence, the Affordable Care Act was implemented into law on March 23, 2010 by President Barrack Obama to make sure that every American irrespective of their status will be insured and have full access to proper health care benefits, rights and protection(1). To understand the
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 Affordable Care Act, also known as Obamacare or ACA, is the health reform law enacted in 2010 by Congress. The official name of this reform is the Patient Protection and Affordable Care Act. Many provisions of the law are already in effect and the rest are going to continue to develop until 2022. After a year of intense political wrangling, the health reform initiative was passed by Congress. Even though it falls short of providing universal coverage, it is unlike the Clinton proposal. The Affordable Care Act was intended to expand US citizens’ and legal residents’ access to health insurance coverage, control future costs, and improve the functioning of the healthcare delivery system. It improves access to care and balances spending through regulations and taxes. Healthcare has always been a crisis in the US and the Affordable Care Act contains hundreds of different provisions that address these aspects. The Affordable Care Act increases the quality of health insurance at an affordable price so all Americans can have access to it. In exchange, most people who can afford to obtain health coverage must by 2014 or pay a per month fee. The ACA offers Americans a number of new benefits. It sets up a Health Insurance Marketplace where we can purchase federally regulated and subsidized Health Insurance during open enrollment. It expands Medicaid to all adults in many states, as well as improving Medicare for seniors and those with long term disabilities. Obamacare expands
According to Pros and Cons of ObamaCare, “ ObamaCare (the Affordable Care Act) contains many benefits, especially for low and middle income families and businesses. ObamaCare also contains some obstacles for high earners, larger firms that don’t insure their employees, and certain sectors of the healthcare industry”(2015). The Affordable Care Act (ACA) provides insurance for million, it has also made the preventative care for patients free. Now it allows people to be treated before they need the expensive emergency room services. Also, one of the major benefits of having health insurance under this act is that insurance companies can no longer deny anyone coverage for preexisting conditions. Many insurance companies deny insurance to patients with HIV/AIDS. Shi & Singh confirm this in chapter 8, “ Many HIV/AIDS patients are expected to gain health insurance under the ACA”(2015). There has been a lot of debate on whether The Affordable Care Act (ACA) is worth our money. Over time may studies have been made to check the benefits of this program as well, Schoen, Doty and Robertson state that,” To provide a baseline and assess the potential of changes brought about under the Affordable Care Act, this study estimates the number of US adults who were underinsured or uninsured in 2010. Using indicators of medical cost exposure
The Affordable Care Act, otherwise known as Obamacare, was passed in March 2010. This over-1000-page Act implements a number of reforms designed to increase the availability of health care for individuals. The Act created a Health Insurance Marketplace, a universal way to sign up for subsidized health care plans (which are cheaper), though you can only get certain plans from certain places, including an expanded Medicaid. It also creates an incentive to purchase health insurance-if you don 't, you 'll have to pay a fine, which is interpreted by many as a tax. Additionally, the Affordable Care Act requires sizable firms to provide a certain level of health care to all of their employees, with certain specifications. Obamacare also attempts to make health care cheaper for many, by trying to even out the cost for everyone.
The Patient Protection and Affordable Care Act (commonly known as Affordable Care Act and/or Obamacare) was signed into law by President Barack Obama on March 23rd, 2010. The Affordable Care Act (ACA) was enacted to increase the affordability of health insurance by controlling the
There are various good intentions of the ACA, including addressing access and expanding coverage, cost and quality indicators, public health matters, workforce issues, and speeding up access to new drugs (Emanuel, 2014). Specific provisions outlined in the ACA such as, states expanding Medicaid under the ACA to everyone who makes less than 138% of the federal poverty level now qualifies for Medicaid. The ACA allows young people to now stay on their parents health insurance plan until age 26. In addition the ACA mandates that pre-existing health concerns cannot exclude someone from being covered by insurance. The ACA also expanded Medicaid in many states, the operating margins among hospitals in Medicaid expansion states “increased from 2.1 percent in 2013 to 3.4 percent in 2014.” Operating margins also increased among hospitals in non-expansion states, however the relative increase was smaller compared to hospitals in expansion states. These ACA
The Affordable Care Act, also known as the Patient Protection and Affordable Care Act, or Obamacare, was put into law by President Barack Obama on March 23, 2010. The focus of the Act is a health care law geared towards improving the health care system of the United States by broadening medical coverage to more Americans, as well as protecting the existing health insurance policy holders.
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.
Once the foundation of the U.S. health care system was reviewed, we began our study of the new regulations. The Affordable Care Act contained three main provisions. The first provision was expanding Health Insurance Coverage. Elements of the regulation included offering coverage to the vast majority of currently uninsured Americans by expanding access to Medicaid to cover all non-elderly individuals below 133 percent of the federal poverty level (FPL), and establishing state-based health insurance exchanges, which will offer Americans a range of private health plan options, with federal tax
The primary goal of the Affordable Care Act was to expand health care access to Americans and subsequently reduce the number of uninsured in the nation. From September 2013 to March 2015, there was a significant reduction in uninsured Americans from 17.6% to 10.1% (Anderson, Hempstead, Karpman, Kenney, Long, Shartzer, Wissoker, Zuckerman , 2015). This was achieved through the new laws affecting private insurance and the expansion of the government’s Medicaid program. The ACA started the process by extending tax credits to an estimated 4 million small businesses that would help them provide insurance for their workers in 2010 (Implementation, 2016). In 2013, a marketplace exchange was finally opened for the American people to compare and purchase
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.
The affordable Care Act implemented in March of 2010 by president Obama reform the way health care was previously run in the United States. The law went into effect, which allowed many Americans who did not currently have insurance and health care coverage to the ability to purchase coverage and access to health care. “ According to the CDC “ the affordable care act of 2010 is designed to provide access to coverage for previously uninsured Americans “ Center of Disease Control (2014).