The Aging Population and the Health Care Act

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The Aging Population and the Health Care Act Introduction The Patient Protection and Affordable Healthcare Act (PPACA) is federal legislation designed to increase the rate of health insurance coverage and reduce the overall costs of healthcare. Along with the Health Care and Education Reconciliation Act it represents the most significant government expansion and regulatory overhaul of the U.S. Healthcare system since the passage of Medicare and Medicaid in 1965 (Vicni & Stempel, 2012). The PPACA provides a number of avenues, including mandates, subsidies and tax credits to employers and individuals to increase the number of insured Americans. The legislation aims to improve healthcare outcomes and streamline delivery. The PPACA requires insurance companies to cover all applicants and offer the same rates regardless of pre-existing conditions. Discussion From 1946 to 1964 approximately 4 million people were born each year in the United States. This was the greatest surge in births of any period prior or since. In 2006 the first of these so called baby boomers turned 60 and began settling into early retirement. In 2011 the first of them turned 65, the traditional retirement age. This year another 4 million will join the ranks of the retired. Many feel the passage of the PPACA came just in the nick of time to save the ailing Medicare system that this growing senior population relies on. Medicare's financial challenges would be far greater without the health care reform
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