Saving Money With Your Health Insurance

The baby-boomer generation is aging and adding more beneficiaries’ at an increasing rate than ever before and is estimated to impact the federal deficit by over 17% by 2020. Many other countries have National Healthcare that provides better care at a much lower cost. Medicare was the motivation for a universal healthcare plan and a program for the U.S. could have a positive impact. (Starr, 2011).

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

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 also known as Obama Care has been a topic of controversy. It is the most significant reform to the U.S health care system since Medicaid and Medicare. Some view it as a great and some believe it will be bad for the economy. I believe the Affordable Care Act is beneficial because it is affordable to Americans, does not discriminate, and will improve the American economy.

The Obama Care bill also Known as the patient protect and Affordable Care Act was established on March 21, 2010. The Affordable healthcare Act also known as Obama Care has helped over a billion people gain access to health. In 2010 it shows that 50 million people in America did not have insurance, it also shows that 48.6 million people had decreased, and then it increased in 2012. In 2010, before the Healthcare Act was signed Obama noticed some of the small issues that were going on in healthcare systems. Obama seen that some of the insurance Companies had some unjustified rates for their healthcare plan. He observed how some of the prices for healthcare were controlled by hospitals and private doctors. The way that the healthcare system used to work was that the people that could afford the healthcare plans were able to get them. The People that were unable to get healthcare insurance like through their job or a private practice had to rely on getting Medicaid and Medicare was only for disable people or elderly people. The Affordable healthcare Act was placed to help people throughout the U.S. receive insurance even if they don’t qualify with their employer or private healthcare insurance. What many people do not know is that the new affordable care act offers many great benefits. Such as great benefits for women’s health, Birth control, people with preexisting conditions have great benefits, etc. Having this Affordable Act care will bring great benefits to our future and

Obama care is great. Obama Care or the Affordable Care Act is a US healthcare, it has helped many people expand and improve access to care and curbs spending by regulation and taxes. Obama Care does many important things like offers Americans new benefits, rights, and protection in regards to health care. It also expands medicaid and has improved medicare.It also has has helped expand employer coverage.

Obamacare is also known as the Affordable Care Act. With the Obamacare Law everyone has a right to health insurance. The law was passed to help people without health insurance be eligible to receive, therefore they cannot be denied assistance. Obamacare is very helpful because you receive help to pay for medication and medical bill. Either most or all, depending on the price would be paid. Companies with 50 or more workers, pay the workers health insurance. With Obamacare there is an equal distribution, no one is left out. Parents that have children under 26 years old can stay under their health plan. People that have had health insurance before March 2010 are not effected as much compared to those that have insurance after. Since the Obamacare

The Affordable Care Act also known as Obamacare increases the quality, accessibility, and affordability of health insurance for all types of people with various financial status. In exchange, people who do not have an insurance would have to pay an additional fee for not having han insurance. This policy would make more people get an insurance and receive benefits as they grow old. This would ensure that it is not cheap for the people who are actually able to pay for their service. This law, stops insurance companies from dropping you when you are sick, protects against gender discrimination, expands free preventative services and health benefits, expands Medicaid, improves Medicare, requires larger employers to insure their employees. This would ensure equality for all patients are patients would not be abandoned when they are severely sick or not able to pay for their treatment. This also creates a marketplace for subsidized insurance providing tens of millions individuals, families, and small businesses with free or low-cost health insurance, and

What is the Affordable Care Act? The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or Obama care, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. What this did was to give affordable insurance to over 30 million previously uninsured people in the United States. People who couldn’t afford insurance now have Health Insurance Marketplaces that compare Health Plans that count as minimum essential coverage and include all new benefits, rights and protections. There are subsidies that can save you money on your premium and out-of-pocket expenses. These subsidies include Premium Tax Credits, Cost Sharing Reduction Subsidies, Medicaid Expansion and CHIP (Children’s Health Insurance Program), Subsidy Calculator, and HSAs (Health Savings Accounts) and Medical Deductions. The health care act also has related sections of the Health Care and Education Reconciliation Act and the Student Aid and Fiscal Responsibility Act. It also includes amendments to other laws like the Food, Drug and Cosmetics Act and the Health and Public Services Act. This act not only helps with people getting affordable insurance or for the poor it could mean free medical care, as stated above it has amendments to other areas. I see this to be a positive point, though not all people believe that Obama care is a good way to get health care.

One of this health care’s programs objective is to limit the number of uninsured (Shi & Singh, 2015). This controversial healthcare plan incorporates a privately funded insurance which is paid for through employment and solely by the patient and a publicly funded insurance by the government. Medicare is provided for senior citizens 65 and older, and Medicaid is provided for low income citizens. The federal government and state government both partake in the funding of Medicaid. Although insurance is provided to the low income through Medicaid, the United States continues to suffer from cost escalation spending 17.1 percent of GDP on healthcare in 2013, a 50 percent more than the second nation (Commonwealth, n.d.) The high cost and limited coverage continues to spark up the conversation for a

Affordable care act is a law reform for healthcare. It is also known as Obamacare. The goal of this reform was to give access healthcare to uninsured and the people who can’t afford health insurance. There are benefits for the program more people have health insurance and it is affordable. People who are uninsured now have access to health insurance (Kinzer, 2017). The program is teaming up with Medicaid. Medicaid has expanded to help 15 million people that fall under the poverty rate and there is no lifeline on healthcare (Media solutions, 2016).

Although Obamacare has many pros and cons, I do believe that it is very beneficial to many individuals. There were peiople whjo ghad no idea of hw they were gouing to pay fopr there medicine. Obamacare is giving people the opportunity to go to the doctor and get checkups to make sure they are in good health. Siome people would be sick but avoid going to the docotr becasusde they had no way of pasying for medical expenses. I do believe that the Affordable Health Care Act is teh reason that some places do not accept insuracnce. At one point in time, doctorsd offices and hospitals were not as limited oni the type of insurance they accept as they are

Consumers looking for insurance are benefited as they have lower costs than they would without Obamacare. According to the ACA analysis, “silver plans cover seventeen percent more health expenses than the average plan prior to the ACA” (Zamosky). The Affordable Care Act has made a change in the costs and expenses regarding money put into health. Without Obamacare, clearly, the plans and various forms of insurance would be costly. To add on, Obamacare provides tax credits for those who have low income and shop through the health insurance marketplace. These people receive “a tax credit [they] can take in advance to lower [their] monthly health insurance payment” (Advance Premium Tax Credit). The tax credit gives these people enough to get by, seeing as they struggle with health insurance. Tax credits are calculated due to incomes, and to qualify, an individual must have an income between 100% and 400% of the poverty level. Without the huge prices on healthcare, the peoples of America can focus on food, shelter, and all the necessities they require besides their health. The Affordable Care Act also brings Medicare into play. Medicare helps with drug costs and prescriptions for people who cannot afford to pay much for them. Obamacare added many benefits to Medicare, including the coverage gap, also known as the “doughnut hole”. The system regarding the “doughnut hole”

The Affordable Care Act has been providing millions of Americans access to reliable and high quality medical care since it was signed in 2010. A few benefits the law includes are: insurance subsidies for consumers, transparent exchanges to shop for insurance, new rules protecting consumers from insurance abuse, increased Medicare payments for physicians, and much more.

Due to the upcoming presidential election, the two major political parties, and their candidates, have been focusing on the primary problems that the nation will face. Chief among those problems is the future of Medicare, the national health-insurance plan. Medicare was enacted in 1965, under the administration of Lyndon B. Johnson, in order to provide health insurance for retired citizens and the disabled (Ryan). The Medicare program covers most people aged 65 or older, as well as handicapped people who enroll in the program, and consists of two health plans: a hospital insurance plan (part A) and a medical insurance plan (part B) (Marmor 22). Before Medicare, many Americans didn't have health