Millions of people couldn't afford health insurance before the ACA was passed. The ACA made health insurance affordable and eliminated discrimination against those with pre-existing conditions. Before the ACA, insurance companies would drop or increase premiums due to a late developing "pre-existing condition" and "unrelated cancer surgery." The insurance companies would terminated coverage for women who receive treatment for sexual or domestic violence (and other
Ever since the Affordable Care Act has been implemented it has been described as something that will help the economy. More people with health insurance, more jobs, and a lower national debt were a few things described as results of Obamacare. Unfortunately, the exact opposite has occurred. For starters, the Affordable Care Act is killing full-time jobs. The Affordable Care Act is requiring businesses to provide all employees with health insurance if there is at least fifty
The Affordable Care Act is considered to be a landmark legislation that sought to bring changes to overhaul the health care system within the United States. While the ACA has brought necessary improvements and changes to how health care is handled, it has also directly affected many stakeholders within the health care industry. The major stakeholders of health care are considered to affect each and every aspect of the massive industry, and can be influential. This paper will be specifically addressing the effects of the ACA on the employer stakeholder group. It will talk about the new responsibilities and taxes employers must face, how the ACA is currently affecting employers at the moment and into the future, how the employees and their dependents will be affected by these changes, and finally what strategies employers can take to mitigate
The Affordable Care Act, in its time, has helped many uninsured Americans to obtain health insurance by giving them guaranteed coverage. About 20 million Americans, based on the statistics from the New York Times’s article titled “Fact Check: Trump’s Critiques of the Affordable Care Act.”, have obtained health insurance through the ACA. Dropping the uninsured rate to 11 percent by 2013 (Qiu 2017). Americans, through the ACA, were able to get health insurance even if they got sick, which inevitably happens to many. This put insurers in a place where they cannot deny coverage to people who have preexisting conditions, or their health history. Other main points that are included in Former President Obama’s Affordable Care Act is that one, it was given as an individual mandate that all U.S. Citizens and legal residents must enroll for qualifying health care or get penalized for not signing up for insurance at all. Making the fact that getting health care is mandatory is a good way to lower the insured rates and save many Americans money when the next unexpected hospital visits or illnesses come up. Another thing is that the ACA has also expanded medicaid to all non-Medicaid eligible individuals that are under the age 65 and making medicaid more federal funded based rather than a state issue. Thus helping those who could not afford
The Affordable Care Act (ACA), also known as Obamacare, was officially signed into legislation in March 2010. The ACA was a major step in achieving a system of universal healthcare, which essentially means all citizens are provided with healthcare and financial protection. In the 1960’s America introduced the Medicare and Medicaid programs, which helped guarantee some type of medical insurance cover for the very poor (Medicaid) and elderly (Medicare). Even though programs like these assisted in covering the most vulnerable groups of people, many Americans still did not have healthcare insurance. The goal of the ACA reform is to ensure that all Americans are covered by some form of health insurance. The ACA promises healthcare access to
Affordable Care Act (ACA), often known as Obamacare, was signed by President Obama in 2010. The goal of the Act is to increase the number of individuals with health insurance to the point where all Americans are insured by providing quality healthcare at an affordable price. Despite its good intent, the ACA is not as perfect as it may appear. In this paper, I will list the main features of the Act, its pros and cons, and how it affects you as an individual and discuss the King vs. Burwell lawsuit.
The Affordable Care Act (ACA), also known as ObamaCare, is a healthcare reform law that focus on providing more Americans with access to affordable health insurance. “The ACA is expected to add 32 million people seeking primary and preventive service and treatment” (journalofnursingregulation.com). It was first enacted by President Barack Obama on March 23, 2010. The act has offered a number of people with benefits, set up a place they can purchase health insurance, expanded the use of Medicaid and Medicare to the disabled and senior citizens. The Act has forced many employers to offer coverage to their employees. Despite all of the positive attributes this act has provided, there is a flip side to it. Americans are required to have health
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.
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.
The Affordable Care Act was put into effect to provide more Americans with affordable health insurance, regulate the health industry, and improve the quality of health insurance. This health reform was created to fix the current healthcare system. On March 23, 2010, President Barack Obama signed the Patient Protection and Affordable Care Act (PPACA) or ACA into law. The ACA has affected the economy in many ways. It gives low income families health insurance and it makes it easier for families to access healthcare and the coverage they need. It lowers overall healthcare, gives insurance to the employed and it raises taxes.
On March 23, 2010, President Obama signed the Affordable Care Act (ACA), a law put in place to provide comprehensive health insurance reforms that allowed Americans to have access to affordable health insurance options. The Affordable Care Act seeks to make health care more affordable, secure, accessible and of a higher quality for the millions of Americans who were previously uninsured, or who had insurance that didn’t provide them adequate coverage and security.
The ACA offers Americans benefits and rights. Some of those include: pricing coming out the same for both male and female participants, the right to appeal to one’s own insurance company regarding any decisions made, better care for seniors, no out-of-pocket costs for hospitalization, prescribed drugs, and care for newborn babies. Medicaid was expanded over 130% into many more states, while Medicare was improved for people with disabilities. By 2016, full time workers must be covered by their employers in large businesses and coverage
One of the most important things that the ACA sets out to correct is the number of uninsured people in America. It allows children to stay on their parent’s insurance until the age of 26 allowing 3.1 million young adults to become insured by the end of December, 2011. It also eliminates insurers ability to deny or overcharge people that have pre-existing conditions. It also makes it easier for small business owners to obtain health insurance for their employers by creating health insurance marketplaces.
The ACA was enacted based upon three principles. The first is insurance companies can no longer exclude individuals from obtaining health insurance due to pre-existing medical conditions. The second is all individuals had to obtain and maintain health insurance or pay tax penalty. Third, the federal government would off-set the cost of health insurance premiums through subsidies or out-right cover them. All three of these enable America to have a healthier population throughout the nation.
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.