The Affordable Care Act Of 2012

865 WordsFeb 18, 20174 Pages
Health insurance in the United States is not a single nationwide system and is much more diverse in terms of production methods (Ridic, Gleason & Ridic, 2012). Health insurance is either purchased privately or provided to some public groups from the government, mainly Medicare and Medicaid (Ridic, Gleason & Ridic, 2012). Medicare is a nationally run program for aged and disabled individuals (Ridic, Gleason & Ridic, 2012). Medicaid provides coverage economically disadvantaged groups (Ridic, Gleason & Ridic, 2012). The Affordable Care Act of 2012, established a shared responsibility between the government, employers and individuals ensuring all Americans have access to affordable health insurance (The Commonwealth Fund, 2016). For private…show more content…
In the pharmaceutical world, payers have switched to the generic brand over the brand-name drugs (The Commonwealth Fund, 2016). Although efforts to slow down the costs of healthcare might have work a little bit. A recent report shows spending has grew 5.7 percent in the past year (Altarum Institute, 2015). In 2014, Americans choosing private insurance accounted for 66 percent of the U.S. residents (55.4% from employers, 14.6 percent acquired insurance directly) (The Commonwealth Fund, 2016). For public programs, 36.5 percent of Americans are covered. 16 percent of individuals receive coverage from Medicare, 19.5 percent receive coverage from Medicaid, and 4.5 percent are covered under the military (U.S. Census Bureau, 2014). According to the U.S. Census Bureau in 2014, 33 million Americans were uninsured, taking up 10.4 percent of the population (U.S. Census Bureau, 2014). Coverage in the United States is also different from coverage in the United Kingdom. The Affordable Care Act of 2012, requires all health plans offered to the public ensure the insurance marketplace cover services in 10 health benefit categories: ambulatory services; emergency services; hospitalization; maternity and newborn care; mental health services and substance use treatment; prescription drugs; rehab services and device; lab services; preventive and wellness services and chronic disease management; and pediatric services (The Commonwealth Fund, 2016). Then

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