Financial Impact of the ACA: Affordable or Absurd? 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. Negative Impact from ACA ” If we continue spending at current projected levels, the U.S. economy will be exposed to the risk of a sovereign debt crisis that would force economically crippling tax increases or sudden and severe cuts in government spending that would have long lasting negative consequences for U.S. economic growth and employment.” (Howard, 2011) Many small businesses have had to close their doors due to lack of company profit to off-set the cost of insurance to their employees. In addition, many businesses lay off workers to balance the new financial burden. This left numerous amounts of people left unemployed and now insured under government insurance (Medicaid and Medicare) as a result. Howard (2011) describes the pay or play that is mandated for these business owners, for
As you know my situation is messy here in Texas. As a single, young male I do not qualify for Medicaid and with the ACA expansion more people are qualifying for Medicaid depending on their state. Sadly, that is not the case for me. I live in the state of Texas which is one of nearly 20 states yet to expand its Medicaid program under the Affordable Care Act (ACA), and is home to the largest number of uninsured Americans of any state in the country. I do not meet the Medicaid requirements in Texas, available only to people with disabilities who have incomes below 75 percent of the federal poverty level; pregnant women with incomes less than 200 percent of poverty; and parents with incomes less than 19 percent of poverty. I will continue to be uninsured and as a freelance construction worker I should have coverage in case of a mishap at work. Therefore, I strongly support the idea of adding a public option to the U.S healthcare system for individuals like myself that do not qualify for Medicaid and do not have the financial means to buy health insurance on the private market.
The Affordable Care Act (ACA) is a health reform law that was signed by President Barrack Obama on March 23, 2010. The full name of the law is the Patient Protection and Affordable Care Act (PPACA). One week later the President also signed a law called the Health Care Education and Reconciliation Act (HCERA), which was a supplement that made several changes the PPACA. What the country currently refers to as the ACA or "Obamacare" is both of these laws combined. (McDonough, 2012)
The Affordable Care Act has brought many changes to healthcare in the United States. Some of the changes brought on by the Affordable Care Act have had a positive impact on society and some have had a negative impact. Some of the positive effects of the Affordable Care Act include better consumer protection and equality, and healthcare coverage for more Americans. Some of the negative effects include rising insurance premiums and a shortage of doctors. There is also a new set of rules under the Affordable Care Act regarding the billing of medical claims.
For this reaction paper, I have chosen the topic of whether or not I believe that the Affordable Care Act (Obama Care) should be repealed, replaced with something else, or stay in its current form. I believe that Obama Care should be fully repealed. However, I don’t believe that just repealing this legislation is enough. I believe that there should be a series of reforms ready for implementation that follow free market principles and that will restore economic freedom.
The Affordable Care Act (ACA), unofficially called Obama Care, was signed by President Obama in March of 2010. The ACA was later sent to Congress and passed in June of 2012. The Affordable Care Act’s goals are to help the community have affordable health care for all United State citizens. There are several significant differences between both parties in the House of Representatives on the Affordable Care Act. Since the Affordable Care Act has been instated as law, the pros have masked the cons and there seems to only be positive outcomes. Democrats are in favor of the ACA because this will help the majority of the population in the United States. The Democrat support of The Affordable Care Act has helped people who cannot afford health care; for example, the act makes health care more affordable and available to the people. While writing The Affordable Care Act, Democrats and Republicans argued over conflicts of ideas to which side was right or wrong. Democrats believed that the Affordable Care Act would prosper and thus far it has shown positive results, and unlike the Democrats, Republicans believe in the abstracts of the reform and currently still do.
The Affordable Care Act (ACA) has been a primary debate topic since it was enacted in 2010. The conservatives completely disagree with the Affordable Care Act and believe that “Democrats used it as an assertion of power than they used it to improve health care conditions” (“Republican Views on Health Care”, 2014). They believe that the act was a waste of taxpayer’s dollars and would inevitably ruin our health care system. In contrast, the liberals supported the ACA and “pride themselves on the fact that health care costs are growing at the slowest rate since 1960” (“Democratic View on Health Care”, 2014). The liberals believe that every American should have access to health care by making premiums affordable. However, in order to do so
The Affordable care act (ACA), all so known as Obamacare, was signed into law on March 23, 2010. The ACA said that every taxpayer must have health insurance, if they have not enrolled by the deadline they will face a penalty of having to pay for not having health insurance. People were told that with the ACA that health insurance would be more affordable and for some it did but for others it changed what they already had and they can no longer afford to have insurance. Ilyma Somin wrote that because of the Commerce, Tax and the Necessary and Proper Clause because basically they say that ACA offers economic effects in some way or another (Somin, 2012).
On March 23,2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into law. This act aims to provide affordable health care coverage for all United States citizens. “The Affordable Care Act affirms the core principle that everybody should have some basic security when it comes to their health care.” (President Obama) It will provide insurance to more than thirty million people who have been previously uninsured, and will be achieved by expanding Medicaid and extending federal subsidies to the lower and middle income Americans to aid in purchasing private coverage. Although many attempt to view it in a completely positive or completely negative way it affects all aspects of the health care industry in various ways.
The Affordable Care Act of 2010 (ACA) is commonly referred to as Obamacare. This pseudo name or nickname initially assigned to the program as a criticism of now former President Obama's efforts to stabilize healthcare at a national level, but it has since become the most widely accepted for the ACA. There are many cited reasons for opposition to the program, including the concern it presents the US government with an unnecessary control of public healthcare benefits.
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 highest court in all of America is the Supreme Court. They decide and uphold
America spends 2.5 times more on healthcare than most developed countries yet still ranking 51st in life expectancy in the world (Baum, 2015). The Affordable Care Act (ACA) was implemented January 1, 2014 by President Obama to expand coverage to millions of individuals in need. It consists of two separate pieces of legislation: the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (Centers for Medicaid and Medicaid Services, 2016). Although the ACA will give health benefits to millions of uninsured Americans, hospitals are receiving less compensation because of the high demand of health care from over qualified recipients. Through the Children’s Health Insurance Program and also the Social Security Act, states are able to pilot a test approach that could extend coverage up to 200 percent of the poverty line (Sommers, Kenney, & Epstein, 2015). Such a large increase in the size of the population that is now eligible to apply for the ACA comes with a sizable amount of fiscal responsibility from the states and puts an immense strain on the amount of money guaranteed to pay for the services provided (Sonier et al., 2013). Given the lack of funding from the Medicaid program, absence of reimbursement strategies, and budget of healthcare in America’s Gross Domestic Product (GDP),
America faces a choice, keep The Affordable Care Act (ACA), also known as Obamacare, or scrap it and come up with something better. The ACA in its entirety leaves room for improvement. It could do better, much better, if it weren’t for matters of political expediency. Currently the United States spends more on health care than any other country. According to a Huffington Post article (2013) the U.S. spends about 17.2 percent of their GDP on medical care. Health care per capita is approximately $8,608, second only to Switzerland, which spends $9,121.
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.
On March 23, 2010, the Affordable Care Act which is an Obamacare, is the United States federal statute signed into law by President Barack Obama. The Affordable Care Act (ACA) experienced many challenges, debates, and objections until the Supreme Court rendered a final decision on individual mandate healthcare insurance to uphold the health care law on June 28, 2012. The mandate healthcare insurance for workers by employers’ obligation through a regulated marketplace of health maintenance organizations was proposed by President Bill Clinton proposed a healthcare reform bill in 1993, comparing, healthcare insurance would have required by individuals but not employers were proposed by Republican. In the result, the Clinton plan failed amid an unprecedented barrage of negative advertising funded by politically conservative groups. Republican alternative which was the Health Equity and Access Reform Today Act contained a "universal coverage" requirement with a penalty for noncompliance—an individual mandate—as well as subsidies to be used in a state in 1993.