Pre-America Underwriting Case Analysis

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

The Affordable Care Act has made many positive changes for uninsured and underinsured citizens. With the addition of a program called Health Insurance Marketplace, it is now possible for uninsured people in every state to purchase private insurance plans, those making under 400% or less of the Federal Poverty Level will be able to have tax credits making insurance more affordable (Lathrop & Hodnicki, 2014). Insurance companies are no longer allowed to cancel a policy or raise rates when a client gets sick. Insurance companies cannot refuse coverage to individuals with preexisting conditions such as cancer (“Quality Improvement,” 2015). Insurance companies now must cover preventive care and screenings allowing diseases like cancer to be caught early (“Quality Improvement,” 2015). Research has shown that through health screenings

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 idea of passing the health care reform was to expand health care coverage, however, in order to do so, many changes must be implemented in order to fulfill the ACA 's promises. The first of which is allowing all individuals to acquire health insurance no matter the age, pre-existing conditions, or other unfair practices. Statistics show that “half of Americas” have a preexisting medical condition in which with the passage of the ACA, it allows individuals to acquire health insurance without the worry of having to pay high insurance bills (Moisse, 2011). The reason why having preexisting health conditions is no longer a factor in acquiring health insurance is because with the passage of the ACA (as discussed earlier, it was made a mandate to acquire health insurance) it is expected that it will balance out economically with the people who require more medical help to their healthier counterparts that do not require as much medical attention (Goodnough, 2016).

While the Affordable Care Act has rapidly reduced the number of uninsured Americans, there are still millions of people living without health insurance. According to the Kaiser Family Foundation’s 2015 poll, 46% of Americans tried to get Marketplace coverage- such as independent insurance companies- but the cost was too expensive. Many uninsured citizens are a part of a “coverage gap” that doesn’t give an affordable option for healthcare. The population that is a part of the coverage gap would earn too much to qualify for Medicaid, yet not enough to qualify for a Marketplace monthly premium. By eliminating or reducing the coverage gap through the creation of policy changes, the number of uninsured Americans would decline. Additionally, only

It has been six years since the Affordable Care Act has been implemented into the United States healthcare system. As the pieces and provisions of this monumental federal statute become understood and executed, it is transforming the demand for care. Prior to the ACA, a significant number of Americans were marginalized and unable to obtain coverage. This system was faced increasing healthcare costs, placing greater financial strain to everyday Americans, businesses, and public health insurance systems. The ACA did not only help ensure health coverage for all (almost

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.

Before ACA, approximately129 million Americans were discriminated against when purchasing healthcare because of their pre-existing conditions. For those who were not insured, it was a daily frustration (Simas, David). It was as if there was a ticking time bomb inside them. They did not know when they will fall ill and if they did, they had no way of healing themselves. With the limited daily expenses Americans had to provide for their families, paying for insurance was a financial struggle. However, America is improving.

I’m sure you have heard many debates, discussions, and opinions about the law ObamaCare. Do you know what this law was implemented for? Do you know why some could support it or want it repealed? Do you realize how much money one could leave the taxpayers to pay for their unpaid medical bills because they could not afford insurance? “ObamaCare, officially called the Patient Protection and Affordable Care Act (PPACA) but more often called the Affordable Care Act (ACA) for short, reforms the health insurance industry and the American health care system as a whole” (ObamaCare Facts). Barack Obama and the Supreme Court ruling in 2012 gave Americans better rights and more protection for access to universal affordable quality healthcare to the uninsured population. ObamaCare was not designed to change the way one gets insurance, but to alleviate the national health care crisis of forty-four million uninsured Americans. I chose to do my research paper over this particular topic because I wanted to learn more information on how the working middle class could obtain insurance for them and/or their families. I also wanted to know how people who are uninsured could have access to ObamaCare and what ObamaCare actually does for the uninsured.

Before the Affordable Care Act, 50.7 million Americans (16.7 percent) were uninsured. The main reason for this was money. The majority of these uninsured American families simply couldn’t afford health insurance and those who did have insurance spent a good chunk of their income to pay for it. The percentage of Americans who were covered by employment-based health insurance (the most popular form of insurance at the time) was the lowest it had been since 1987 when the first statistics on

Basic changes were needed in the way Americans got health coverage. Trying to figure out what it was going to cost them starting in 2014, when major parts of the Affordable Care Act, also known as “Obamacare”, went into effect was the challenge. The four main ways Americans experience healthcare once the Health Reform Law was fully in effect were coverage by an employer, the government, buy it themselves or have none. About half of Americans get insurance through their jobs. About one third through the government like Medicare and Medicaid. About one in ten purchase insurance themselves. And still another 30 million, just under one in ten, no coverage at all.

This law was implemented in September 2010. Until then, young non-student adults were dropped from their parents’ private insurance at age 19 and students at age 23(Barbaresco et al, 2015). Studies have shown that the implementation of this provision would help reduce the rates of mortality and morbidity, improve regular access to healthcare without financial constraints and a healthier transition to adulthood (Carlson et al, 2014). By expanding protection scope choices, supporters of the ACA are idealistic that entrance to social insurance will likewise increment. Early ACA information underpins expanded human services get to and use, as less young adults report postponing or doing without medical care because of cost (Carlson et al, 2014). The ACA provision to expand coverage for young adults pledges guarantee for enhancing access to preventive care. Due to the ACA, an extensive variety of preventive services is accessible, with no copayment, to young adult with private insurance and the individuals who are recently qualified through Medicaid in states embracing the ACA Medicaid extension (Lau et al,

The Patient Protection and Affordable Care Act establishes new requirements for health plans and insurers changed in order to expand access to affordable coverage, and prevent individuals from losing certain coverage. New coverage insurance market regulations will prevent health insurers from denying coverage to people for any reason, in which their health status, and charging people more based on their health status and gender. These new rules will also require that all new health plans provide extensive coverage that include at least a minimal set of services, caps annual out‐of‐pocket spending that does not impose cost‐sharing for preventive services, as well as no impose annual or lifetime limits on coverage. For example, new insurance market regulations within private insurances allow young adults are able to stay in their parents health insurance up to the age 26. Once an employee has reached age 26 they have to upgrade from their parents insurance plan to defendant coverage plan eliminating annual and lifetime limits on coverage such as rescissions and waiting periods within 90 days. Health insurers will be prohibiting from placing an age limit to their coverage in case of fraud. Large employer that offer coverage plans will have to automatically places employs in to a low cost premium plan if the employ sign up or exit out of coverage. Overall health plan premiums will be able to vary based on an age, geographic area tobacco

Health care reform and access to insurance have been staples of the American political agenda ever since the end of World War II. From President Truman’s call for universal coverage in the late 1940’s to the creation of Medicaid and Medicare to the Affordable Care Act, both parties have debated how to lower the rate of uninsured Americans. After nearly 70 years of debate in Washington and beyond, the number of Americans with health insurance has certainly grown (Miller, 2014). However, the number of people in the United States without coverage is still unacceptably high and a problem that should be addressed with a great deal of urgency and care.

Leading up to the enactment of the Affordable Care Act the United States of America had been in a major recession with consistent increases in medical costs in conjunction with increased rates of uninsured populations. Pre-existing conditions were a major concern for people wanting to move around in the job market or shop