The Affordable Care Act
Andrea Bastidas
Florida International University
The Affordable Care Act
The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or colloquially Obamacare, is a federal statute signed into law on March 23 2010 (One Hundred Eleventh Congress, 2015). The Act has the unfortunate status of being the subject of of over 54 votes to either undo, amend or curtail the core provisions of the Act (O'Keefe, 2014). The global consulting group McKinsey has described the Act, along with the Health Care and Education Reconciliation Act amended (The Act, 2010). According Singhal (2011), “the U.S. health care reform sets in as the largest change in employer-provided health benefits in
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Provisions to Assist Smaller Businesses and Businesses that Offer Most but Not All Employees Coverage (Federal Register, 2014). The U.S. Treasury Department (2015) states that “around 96 percent of employers that own small businesses and have less than 50 employees are therefore, exempt from the employer responsibility provisions” (U.S. Treasury Department, 2015). In other words, employers are obligated to provide health insurance to full time employees and employers are trying to work around the system by maintaining the complete minimum and having very few employees. This immediately stuck me that opponents of the Act could reduce employment in the United States. More specifically, there is antidotal evidence of businesses cutting hours from employee schedules. By reducing hours, businesses are able to get by the 30-hour-per-week definition of a full-time employee (McVeigh, …show more content…
The only way to be exempted and to be eligible for the tax credit is to purchase health insurance from the market place or obtaining it from your employer. Section 3. No Time Limits on Care (ACA 2010. ‘PART A). Before the Act, many Americans with serious health problems would run out of insurance coverage. Some health insurance companies set limits on the amount of money they would spend on an individual consumer. This has been removed by the Act causing insurance companies to no longer maintain a pre-set dollar limit on the coverage they provide to their customers. From a macro socio-economic policy, I support this principle and its objectives because health insurance companies should help consumers not hurt them financially specially when it involves their
Adults, 65 years old and older and people with disabilities are eligible for Medicare and Medicaid. Physician services and hospitalizations are covered by medicare. An additional supplemental program may be purchased to cover prescription drugs. Low income families and children may qualify for Medicaid and Children’s Health Insurance Program (CHIP). Medicaid has significantly lower copays and out of pocket expenses compared to private insurance. Unemployed individuals may qualify for Medicaid depending on the state.
This transition relief also is intended to provide employers, insurers, and other providers of minimum essential coverage time to adapt their health coverage and reporting systems. Both the information reporting [requirements] and the Employer Shared Responsibility Provisions will be fully effective for 2015. In preparation for that, once the information reporting rules have been issued, employers and other reporting entities are encouraged to voluntarily comply with the information reporting provisions for 2014. This transition relief through 2014 for the information reporting [requirements] and Employer Shared Responsibility Provisions has no effect on the effective date or application of other Affordable Care Act provisions (Redhead, 2013).”
The Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA) is a health care reform law that was voted into enactment in March of 2010 (Summary of the Affordable Care Act, 2013). The ACA consists of many different parts of which come from the Affordable Health Care for America Act, the Patient Protection Act various parts of the Health Care and Education Reconciliation Act and the Student Aid and Fiscal Responsibility Act (Affordable Care Act Summary, n.d.). The original goal of the ACA was to cut back on the amount of dollars that was being spent on health care
The Affordable Care Act aims to help small businesses get health insurance for their workers. According to the US government, the Act should "help increase the number of primary care physicians, nurses, physician assistants and other health care professional.
The Patient Protection and Affordable Care Act (PPACA), generally named the Affordable Care Act (ACA) or “Obama care” was signed into law on March 23, 2010 by President Barrack Obama with a chief goal to improve the coverage of health insurance to the poor and decrease the health care spending. According to the Congressional Budget Office (CBO), ACA will decrease the number of uninsured residents by 32 Million by 2019.
The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act (ACA) was signed into law on March 23, 2010 by President Barack Obama. Providing reliable and high quality medical care was the main purpose of this bill. This is a comprehensive law that would allow increase access to care, promote health and control costs. The provision that would be discussed is Section 2714, which is the Extension of Dependent Coverage and is found under Title 1-Quality, Affordable Health Care for all American, under Subtitle A- Immediate Improvements in Health Care Coverage for All Americans. (Compilation of Patient Protection and Affordable Care Act, 2010, p. 34). Under Section 2714, provision was made to allow dependent coverage
The Patient Protection and Affordable Care Act (PPACA) is also known as the Affordable Care Act (ACA) this law is the landmark health reform legislation passed by the 111th Congress and was signed into law on March 23, 2010. The legislation includes a long list of health-related provisions that began taking effect in 2010 and will continue to be rolled out over the next four years. Provisions are intended to extend coverage to millions of uninsured Americans, to implement measures that will lower health care cost and improve system efficiency, and to eliminate industry practices that include rescission and denial of
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.
It has been stated that one of the largest benefits to the Affordable Care Act (ACA) for those that were already insured, is that they may purchase insurance through a marketplace allowing for continuous coverage, regardless of life experiences such as a change in job. Even those that are young, and may not appreciate health insurance because they have coverage through their parents, will need insurance once of age that isn’t dependent upon an employer as they are more likely to change jobs more often. Those that purchase health insurance through an employer offered group coverage could be made to feel as though they are captive to a job in order to continue to receive the insurance that they are accustomed to. Subsequently, the ACA has made health insurance more affordable for those that earn a lower income, making group plans more expensive for individuals, overall.
The Patient Protection and Affordable Care Act (PPACA), commonly called Obama care, or the Affordable Care Act (ACA), is a United States federal statute signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education
The healthcare system in the United States has been under fire for the last several years, with the primary focus on radical reform of the fragile healthcare system. Legislators, the American people and the media all have differing opinions on the direction of such a reform. The following is an investigative review of the current Patient Protection and Affordable Care Act (PPACA), which is the latest attempt at reform and the most ambitious healthcare reform in the history of the United States. The core design of PPACA is to ultimately provide universal healthcare to the nation. The present review of literature addresses both the benefits/deficits, implementation and evaluation of the current and ever evolving healthcare
Recently, the Affordable Care Act (ACA) celebrated six years since the law’s passage. During that time, there have been many debates and slow changes to the United States healthcare system. One area that has been debated is in regards to employer-based health insurance along with the advantages and disadvantages in providing this type of coverage. Since there is more information about the expansion of health insurance options and how the exchange sponsored insurance plans are functioning, the discussion on if employer-based health insurance is beneficial or detrimental will be examined.
With the establishment of the Patient Protection and Affordable Care Act (PPACA), more and more Americans are able to have access to the healthcare, but roadblocks have occurred in the road to get there. After the signing of the bill into law, about 26 states filed a lawsuit in the setting of a federal court. This was done to challenge the constitutionality of the individual mandate (individuals must possess a minimum level of health insurance or face financial penalties) and the Medicaid expansion (individuals earning less than 133% of the poverty-level baseline are eligible for Medicaid). The Medicare expansion is optional, however, as of current, all the states are participating in it.
The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act or “Obamacare,” is a federal law that forever changed America on March 23, 2010. The intention of this law is to provide millions of American citizens who are uninsured or underinsured with reasonable and affordable healthcare coverage. Unfortunately, the law has failed to do so in several ways and has actually created hardship for millions of Americans – some of which were fully covered before the law was put into effect. The name of the legislative act is a mouthful, but its name is nothing compared its 2,700 pages of content that congress “read” before they passed it into law. This law continues to divide the nation and both sides are strong in their beliefs, creating heated discussions and bitter arguments. Proponents of the law feel it is the nation’s duty to grant everybody coverage whereas those that oppose the bill are alarmed at the fiscal implications it brings. Some people have signed up for Medicaid and consigned to a lifetime of poor health care. Others have obtained access to subsidized exchanges, but will find it harder to find employment and make enough to support themselves as a result. Ironically, the most affected population are citizens that already have insurance and paying thousands of dollars per year that will now be squeezed even harder by this
The healthcare sector in the United States is a unique and complex when compared to other industrial countries. The government had spent $ 1 trillion on health programs; $600 billion for Medicare, $400 billion for Medicaid, and had a budget deficit of $486 billion in 2014. In an attempt to reform healthcare, there have been several initiatives throughout its history to improve care delivery, quality, and outcomes. A significant reform was enacted in 2010, the Patient Protection and Affordable Care Act (PPACA), also known as Obamacare. Despite the benefits included in the PPACA, there were several disadvantages, and eventually it was not comprehensive enough to fix all the healthcare issues. In order to achieve best healthcare policy in the U.S., it requires a better understanding of its stakeholders, components, and issues. A comprehensive policy should consider the following components: payment, access, health education, preventive care, and government-sponsored programs, to be effective and efficient.