The Affordable Care Act ( Aca ) Or Obamacare?

1655 WordsAug 5, 20167 Pages
The Pros and Cons of the Affordable Care Act (ACA) or Obamacare? Who Benefits and Who gets Hurt? Chanokporn Srisuwan, Student MBAA 605 Business, Government, and Society Mercy College School of Business- MBA Program August 04, 2016 Abstract The propose of this article is to present the advantages and disadvantages of the Affordable Care Act (ACA) or Obamacare which make all Americans insurable, by requiring insurers to accept all applicants at rates based on population averages regardless of health status. The ACA increases coverage by allowing states to expand Medicaid (the social healthcare program for families and people with low income and resources) as well to cover everyone near the poverty line, and by subsidizing private insurance for people who do not get workplace coverage (Mark A Hall, Richard Lord, 2016) Although the act falls short of achieving truly universal coverage, 9 million uninsured people have received coverage so far. Market reforms have not hurt the insurance industry’s profitability, prices for individual insurance have been lower than expected, and government costs so far have been less than initially projected. (Mark A Hall, Richard Lord, 2016) Introduction The Affordable Care Act (ACA), officially called The Patient Protection and Affordable Care Act (PPACA) and sometimes called Obamacare, is a US healthcare reform law that expands and improves access to care and curbs spending through regulations
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