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Pros And Cons Of Obamacare

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Affordable Care Act and Obamacare are all other names for Patient Protection and Affordable Care Act. It is a law that was signed by President Obama on March 23, 2010. With other acts passed such as the Health Care and Education Reconciliation Act, it is known as the most significant addition to the health care system since Medicare and Medicaid. Originally, the bill was formed with hopes that it would increase the affordability and quality of health insurance in America, lessening the amount of people who were uninsured by increasing private and public insurance, and reducing the cost of insurance so that everyone had access to it. In addition, Patient Protection and Affordable Care Act also required insurance companies to shield all applicants …show more content…

It improves quality and lowers health care costs by giving free preemptive care, prescription discounts for elders, protects against health care fraud, and gives small business tax credits. Patient Protection and Affordable Care act also gives new clients protection, meaning they can’t be dropped from their insurance if they have a preexisting condition or if a patient gets sick. In addition, Patient Protection and Affordable Care act implemented a new health insurance marketplace- allowing shoppers to compare health plans that benefited them to get the most out of their insurance policy, gave cost assistance to individuals, families, and businesses, eligibility to Medicaid was expanded giving millions of Americans access to health insurance, having no annual or lifetime limits of healthcare, having all medical insurances give a guaranteed issue- meaning they can’t deny coverage for any reason, the patient gets the right to petition any health insurance company decision, the patient gets access to an informal, easy to understand summary about a health plan’s benefits and coverage, young adults can stay on the insurance plan of their parents until they are 26, large enhancements to women’s health services, better protection and care for seniors, new precautionary services at no out of pocket costs, and essential health benefits such as emergency care, hospitalization, prescription drugs, and maternity and …show more content…

It hurts a small amount of businesses’, has had a bad effect of insurance premiums, and had made some reforms that have injured some medical companies and the employees that work for them. One issue with the Patient Protection and Affordable Care Act is taxes of small businesses’. A small amount of businesses in America have more than 50 full time working employees and will have to either insurer their full time workers or pay a fine. To avoid this issue, it is predicated that some companies will cut back on hiring or take away hours from their employees, or another way they can go about the issues is by raising prices on the goods they offer to the consumers. Religious belief if another issue with the Patient Protection and Affordable Care Act as many religious people are against contraceptive, while the bill makes it easier to access it as it funds women’s health’s services such as that. One of the biggest concern for the act is how it hurts Medicare. The act cuts around $76 billion from Medicare and uses the money back into the program. Since there is such a big issue, the act has set up a committee to overlook spending and effectiveness. The last, biggest problem the Patient Protection and Affordable Care Act has is the cost. Patient Protection and Affordable Care Act has a projected cost of over $1.36 trillion over the next ten years, and in order

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