Role Of Slow Growth In Health Care

In the 21st century, medicine has become very dependent on technology (Kumar, 2011). With that being said technology is one of the most costly concepts in the health care system today. While you need the best technology to provide the best quality of care, unfortunately, this drives up the cost. The cost associated with health care is a major factor in the number of Americans without coverage (Popescu, 2015). The passing the ACA into law was intended to drive down these health care costs.

The Affordable Care Act (ACA) has definitely had a tremendous impact on the economics of health care within the United States. However, is this actually the impact that was intended? There are many political controversies over the ACA, which leaves unanswered questions about the true financial projection of the new healthcare reform. The pricing of new health care coverage has forced cost-shifting but more so price discrimination. The main intent of Obamacare was to eliminate the high volume of uninsured individuals; unfortunately the impact has taken a different approach and perhaps has had a negative effect on the economy.

Evaluating the positive and negative impacts of such fundamental reform to the health care system is filled with uncertainty. As with any new legislation, the Congressional Budget Office (CBO) required financial projections that would be shared with lawmakers and the American people. The CBO projected that “the ACA would increase health insurance coverage by 32 million people and would raise federal government spending by almost $1 trillion over the subsequent decade, but would also raise revenues and reduce spending by even more so that the bill overall reduced the federal budget deficit.” (CBO, 2010) These CBO projections have played a vital role in the on-going legislative arguments over the ACA.

On the whole, the Affordable Care Act reduces healthcare costs while providing better quality services for citzens accross the US. Farley says that the ACA’s reforms to Medicare saved “17 billion in fiscal year 2013” thanks to reductions in payments to private health insurance companies cover their customers through Medicare Advantage as well as adjustments to the annual updates to Medicare provider rates (Farley, 2014). This protects consumers from excessive charges by their insurance providers, by limiting how much insurance providers spend on their own services. And even though the cost of health care, per capita, is gradually increasing, the rate of that growth has decreased over time, thanks to the stipulations, as well as method of implementations, of the ACA. ++++++++++++++++++++++++++=

With 50 million uninsured Americans in 2010, the Affordable Care Act (ACA) aimed to insure nearly everyone with “minimum essential” health insurance coverage. The ACA provides that all Americans and individuals lawfully present in the United States be provided health insurance regardless of their health or financial situation. It strengthens existing forms of health insurance coverage, while building a new health insurance market for individuals and families who do not have employer coverage or another form of “minimum essential coverage” such as Medicare or Medicaid. In addition, the ACA imposes fees or assessments on health insurance providers. The fees meant to be absorbed by insurance providers will impact premiums for all individuals covered under fully insured or self-funded plans and policies.

Abstract: The Affordable Care Act (ACA) is the most comprehensive reform of the U.S. medical system since Medicare. President Obama’s signature legislation vividly changes the landscape of the group insurance market in the United States. The ACA, which was signed into law on March 23rd, 2010, carries mandates that require Americans to have health insurance (2014 in 214 words, 2013). The ACA increases entitlement insurance and subsidizes private insurance, but reduces reimbursements under Medicare. The ACA is set to raise taxes in various ways, but projecting the financial stability and the health of this fundamental reform has been very difficult to conclusively determine. Projections of the impact of this act was required as part of the legislative process, but the forecasts and projections that were first submitted to the Congressional Budget Office have been rescinded with a current statement from the CBO essentially saying that “the financial impact of the ACA cannot be ascertained” (Conover, 2013).

Quality of care is a primary article of the ACA and a major goal is to insure every American has exactly that. Even though the “care” pillar is the strongest of the three pillars it still faces many challenges. One major component defining quality of care is technology. The medical community currently suffers from outdated technology, which leads to lapses in care and lack of communication between medical facilities and companies causing overlap and delay. Better technology is required to expedite file distribution between medical facilities and help share patient information between pharmacists and physicians. This, of course, is expensive and like other aspects of this bill is falling short in funding and again driving another nail into the potential Obama care coffin. More troubling, perhaps, is the massive costs of maintaining and operating the countries medical infrastructure. Its figured that the combination of hospitals, physicians, insurance companies, and the federal Centers for Medicare & Medicaid Services are projected to total almost $2.7 trillion between 2014 and 2022. If Americans are to receive actual quality care, then financial burdens must be solved before any real progress can be

There are benefits to the industry when considering stabilizing the gains made by the ACA provisions. From a societal perspective, the ACA has been successful in making health insurance more widely available and attainable. The success of the ACA in reducing the uninsured population, one of the primary goals of the legislation, has been well documented. Blumberg, Garrett, & Holahan (2016) found a 46% reduction in the number of nonelderly adults without insurance as of March 2015. Without the ACA, there would have been 39.3 million uninsured nonelderly adults (Blumberg, 2016).

Reforming health care in the United States has been an issue that has received significant attention for many years. There are many strong and divergent opinions on the best ways to improve the US healthcare system. In 2010, the Patient Protection and Affordable Care Act was signed into law. This was likely one of President Obama’s most important acts while President, and is often considered his signature piece of legislation. The ACA is an extensive lawthat has an effect on many different elements of the healthcare system in the United States. Some of the primary goals of the ACA were to increase access to care by expanding insurance coverage, to decrease the cost of care, and to improve the quality of care patients receive

The Benefits of the Affordable Care Act to Our People and Our Health Care System

The Affordable Care Act has benefitted many patients. It has changed their lives, and their children’s lives for the better. There are a multitude of benefits offered now because of the ACA. For example, it has lowered costs by offering free preventive care, prescription discounts for seniors, protection against healthcare fraud, and small business credits (5-NP). Consumers are saving

Federal health care costs continue to exceed the American economy fueled by federal health care law, rising enrollments, and increased enrollee spending. The 2010 Affordable Care Act (ACA) significantly changed federal health care policies in the key areas of insurance coverage, access to care, medical care financing, and Medicare program operations. ACA provides good benefits to Americans but comes with a 12.2% increase in cost to the federal government (Meyer, 2017). Health care costs are projected to increase to more than $4 trillion dollars by the end of 2017 nearly doubling since 2006 (Meyer, 2017). Economists project this trend to continue estimating a 6.9% increase annually making it the single highest cost to the federal government (Edwards, 2017). The cost of health care is approaching a crisis if unchecked will continue to grow. Congress has struggled to reach consensus on a more efficient approach to managing health cares costs failing in 2017 to repeal or replace ACA. They will need to reengage now to enact laws to stabilize this looming threat to the American people. I recommend three changes to reduce the impact to federal debt. These changes are repeal individual and employer mandates,

The health care industry is one of the most dynamic and delicate industries in the U.S. having experienced healthy and substantial changes for the last thirty years most of which have aimed to improve health care management and services delivery to the patients. The changes have enabled the integration of technology into the industry such as in the area of informatics, science and research and payment services and clinical treatments. The health care sector has introduced various changes to address disease and health care management such as the Modernization Act of 2003, the Patient Protection Act and Affordable Act, which aim at improving health provision and most

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.

One of the major challenges facing the health delivery system today is governmental policies; the availability of doctors for the increasing number of patients. Currently the United States spends approximately $2.2 trillion on healthcare (Sayles, 2013). Healthcare has become multifaceted, this includes more specialists for chronic health care issues and the inclusion on technologies in the delivery of healthcare (DeVry University, 2015). The Affordable Care Act was developed to improve people’s access to health insurance and healthcare in the United States. However, this policy change enables millions more individual to get healthcare without and an immediate increase in the number of physicians and specialists. 2.8 million more healthcare