The Affordable Care Act ( Aca )

In 2010, the United States created The Affordable Care Act (ACA). The objective was to share the responsibility of costs between the government, individuals, and employers to provide affordable access to quality health insurance. “However, health coverage remains fragmented, with numerous private and public sources, as well as wide gaps in insured rates across the U.S. population.” (“United States: International Health Care System Profiles,” n.d.). Each individual state within the US, generally has control over private insurance.

Most people do not know how the Affordable Care Act (ACA) will affect them because the main groups of people that are affected are the uninsured population and vulnerable population. The number of vulnerable populations is increasing and if the establishment of policies and programs fail to improve the health of this population, then it will be extremely difficult to contain the cost of care in the United States (Knickman & Kovner, 2015). The goals of the ACA are to significantly

At last, the law gave new alternatives and motivating forces to help states rebalance their Medicaid long haul mind programs for group based administrations and backings as opposed to institutional care. All in all, these arrangements have quickened Medicaid advancement effectively in progress in numerous states. Also improved with the ACA besides Medicaid, is Medicare. The Affordable Care Act incorporates a progression of Medicare changes that will create billions of dollars in reserve funds for Medicare and fortify the care Medicare recipients get. The new law secures ensured benefits for all Medicare recipients, and gives new advantages and administrations to seniors on Medicare that will help keep seniors solid. The law likewise incorporates arrangements that will enhance the nature of care, create and advance new models of care conveyance, suitably value administrations, modernize our wellbeing framework, and battle waste, extortion, and mishandle. A big topic that is affected from ACA is businesses. The Patient Protection and Affordable Care Act -- otherwise known as Obamacare -- is putting such a small dent in the profits of U.S. companies that many refer to its impact as 'not material' or 'not significant. Even after a provision went into effect this year requiring companies with 50 or more full-time workers to provide coverage, and after more workers are choosing to enroll in existing company coverage because of another requirement that all Americans get

Despite the fact that the ACA is intended to be great ideology, it has affected three components of the current health care system operation, policy, procedure, and implementation. The first key factor the ACA has affected is the relationships of the health care system at large, as such individuals are mandated to have health insurance and insurers are forced to accept individuals who would

However, for lowering the cost of health insurance, there is a gap between the before cost and the lowered cost. To fill in the gap the government enforces new taxes, specifically, onto the higher-earners. This is bad news for the rich but good news for the lower class. Individual mandate and employer mandate are also enforced. According to the individual mandate, if the lower-classmen can afford the insurance but choose to not purchase one, they are penalized with an annually increasing fee; this fee will help fill in the gap difference. On the other hand, if one cannot afford insurance, he/she can ask for an exemption. For employer mandate, all businesses that have 50 or more full-time equivalent (FTE) employers are required to provide health insurance for their FTE employers or to pay a monthly Employment Shared Responsibility Payment, formerly known as the annual employer mandate fee, which is due annually on the employer federal tax returns. In order to avoid the fees and the hassle, most of the smaller businesses that make the minimal revenue to keep their business going would want to reduce their workforce to fewer than 50 employees, thus, increasing the unemployment rate. Plus, those employees will not receive health coverage from their job. However, note that larger businesses more than likely cannot decrease their workforce and will have to pay the fees or to provide insurance for

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

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.

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)

While the ACA has been successful in reducing the rate of uninsured, it has failed in a number of other areas. Data organized by age reveals significant problems when it comes to groups who are uninsured, we can see a stark contrast between age groups. Among the 15.7% of Americans that are uninsured, approximately 55.2% of those are comprised of Americans aged 19 to 34 years of age. This is relatively unsurprising as young people have always been less likely to purchase health insurance as the result of what many have described as some sort of invincibility complex. The data on uninsured Americans becomes truly interesting when analyzing the data as it relates to race and ethnicity. Whites compromise 64.3%

Under the new health care reform law over 47 million women will have access to women’s services with no out of pocket costs for preventative and wellness services (Obamacare, 2013). The low-income individuals will have the opportunity of getting health insurance coverage through the state exchange, Medicare, or Medicaid; however some states have opted out of the Medicaid expansion in which some low-income individuals will not be eligible. Seniors and other individuals eligible for Medicare will see expanding benefits and coverage options; however there will be decreases in home health payments and hospital coverage as well. Obamacare will require businesses with over 50 full-time employees to provide affordable health insurance coverage to its employees however small businesses with 25 employees or less will receive federal tax credits to help offset the costs that a small business will face to encourage these businesses to provide health coverage to

While part of this supposition is incorrect, there is some truth behind the notion. Larger companies can negotiate better rates for their employees because of the volume of coverage, compared to small or medium businesses (Urbel, 2013). Insurance companies are more apt to give a large company lower premiums because of the volume that is needed to cover their employees, as well as the lower actuarial risk of containing costs for serious illnesses (Ubel, 2013). A University of Michigan study found that between 2000-2011, small and medium businesses have been decreasing employer-based health insurance coverage, while larger companies (over one hundred employees) have consistently provided coverage (Ubel, 2013). This trend started before the passage of the ACA and supports that small and medium businesses were having difficulty in providing this benefit to their employees consistently.

In spite of the fact that there is no prerequisite that private companies offer medical coverage, some littler organizations (with no less than 50 workers) should pay a punishment in the event that they don't offer moderate scope. Implementation of those punishments will start in 2015, a year later than initially planned.

Many life insurers undertake cost-reduction strategies in order to improve the strength and flexibility of their products. For instance, car insurance companies calculate by placing a large stock in age and driving record. The same is true for life insurance, married couple enjoy discount privileges compared to single individuals. Furthermore, many characteristic such demographics, life style and pre-existing conditions can increase the cost and the number of uninsured population. According to Abraham (2014), one of the ACA’s main goal is expanding coverage to the uninsured, nonelderly US population (P.65). While the likelihood to obtain insurance as a result of this policy may increase, less attention has been focused on their health indicators

Individual health insurance doesn’t necessarily mean just one individual – it can be family as well. It is just distinguishing insurance obtained through employers and insurance obtained through an individual. With Individual insurance, for just yourself or your whole family- you do the research and you choose everything – from the insurance company itself, the plan, and the deductible. All of the choices are made under your discretion. In accordance to The Affordable Care Act (ACA), health insurance companies are now offering health insurance through the marketplace. These plans are regulated with the help of the Federal Government. This Act changed healthcare in many ways – but perhaps one of the most prominent factors of this act was the fact that health insurance companies can no longer turn you away due to preexisting medical conditions. Before the Affordable Care Act, a lot of people resorted to group plans simply because the underwriting was much easier to get approved in a group plan than in an individual plan if you were considered “unhealthy” and consequently, “high risk”. Another benefit of enrolling in an individual plan through the marketplace is that the Government assesses your annual income to appropriately apply a tax credit to financially assist you in making your monthly premium each month. With these two factors in play, purchasing an individual plan or family plan through the market place can turn out to be the best and most affordable options for many Americans. Although you do pay your monthly premiums on your own after obtaining your income and do end up paying tax on your premium each month – the individual health plan is not connected to your employer therefore, you do not have to worry about what will happen if you change

Many of the new requirements seem unfair and confusing, as well as downright impossible for the small business owner to navigate due to conflicting advice on the internet. Why is it so difficult, and seemingly against regulations, for the small S corporation to provide additional assistance to the employees, including the shareholders? It seems that as a result of ACA, many employers saw that it made more sense to allow employees to acquire insurance through the marketplace. A win-win since the employee can take advantage of tax credits, and the company saves money. I would venture a guess, that the IRS and DOL would rather the small employer carry the burden of insurance costs through group health plans; which means removing incentives to reimbursement plans through the marketplace. (Weiss, 2014) Instead agencies have succeeded in creating an additional after-tax expense; which is borne by the employees of small businesses. Not so affordable and not really fair either.