Ahead of the 2012 elections both parties fought openly over how they would fix out of control spending on health care entitlements. But neither side could be specific on how they would make health care more affordable. If health care costs continued to climb at the current rate, benefits for Medicare and Medicaid would exceed tax revenue gathered by 2030. Politicians knew they had to find a way to make Medicare solvent or, it would consume all tax dollars collected, but finding a way to rein in costs and make healthcare affordable for all Americans wasn’t going to be an easy task. The Affordable Care Act is one of the most significant bills passed into law in many years to this day much is still unknown. Speaker of the House Nancy …show more content…
In 2009 the framework for the affordable care act was formed. Envisioned was a plan that could help millions of Americans without insurance obtain it. Eliminate costly preexisting conditions, allow people to keep their existing plan if they wished and make health care more efficient by reducing unnecessary procedures. He refused to accept any plan that increased spending over a ten year period. (Tumulty 2009)
As it stands insurance companies now can no longer refuse coverage based on preexisting conditions or health status. In other words insurance is now guaranteed issue. In order for this type of coverage to be affordable compliance of a majority is necessary component of ACA. Without an individual mandate a typically healthy person could hold off buying insurance till they became ill. Therefore reducing the total share of people insured and make costs rise considerably.
The new law aspires to address insuring millions of currently uninsured the guaranteed issue and community rating rates and makes all equal regardless of age or preexisting conditions. Historically a need that’s what insurance companies do they collect money and redistribute it to people who are faced with regulate insurance companies so that money spent goes to actual care Recently the Supreme Court ruling last year in a split decision 5 to 4 they ruled in favor of the individual mandate declaring it a tax. Chief Justice Roberts in National
President Obama signed the Affordable Care Act on March 23, 2010. This law puts in place widespread health insurance reforms that expanded out over the last 4 years and continues to change the lives of many Americans today. Health care reform has been an extensively debated topic for multiple years, and the ACA is the first effective attempt at passing a law aiming to make health care not only affordable, but accessible for all individuals. The law impacts many Americans including, children, employers, government programs which includes federal and state, health plans and private insurers, health care coverage, health care cost, and the quality of care received. The main goal of the law is to expand health care coverage, broaden Medicaid eligibility, minimize and regulate health care cost, and improve the health care delivery system. In order to improve the health care delivery there have been new consumer protections established and an increase access to affordable care.
Medicare and Medicaid have cause a great deal of damage to the American society. "Years of scandal have shown the waste, fraud and abuse that is rampant in Medicare and Medicaid." (Fallen Guardians of Justice: How the Supreme Court is
First, the act addresses major reforms to undertake in the health insurance sector to improve access to quality health care. The age of dependent coverage increased to 26 years, limits on annual benefits eliminated and challenges faced by those with preexisting medical conditions in getting a cover addressed. In addition, insurance documentation became uniform to allow for comparison (McClanahan, 2012). Thus, more Americans can access an insurance cover without increasing premiums.
The Affordable Care Act, in its time, has helped many uninsured Americans to obtain health insurance by giving them guaranteed coverage. About 20 million Americans, based on the statistics from the New York Times’s article titled “Fact Check: Trump’s Critiques of the Affordable Care Act.”, have obtained health insurance through the ACA. Dropping the uninsured rate to 11 percent by 2013 (Qiu 2017). Americans, through the ACA, were able to get health insurance even if they got sick, which inevitably happens to many. This put insurers in a place where they cannot deny coverage to people who have preexisting conditions, or their health history. Other main points that are included in Former President Obama’s Affordable Care Act is that one, it was given as an individual mandate that all U.S. Citizens and legal residents must enroll for qualifying health care or get penalized for not signing up for insurance at all. Making the fact that getting health care is mandatory is a good way to lower the insured rates and save many Americans money when the next unexpected hospital visits or illnesses come up. Another thing is that the ACA has also expanded medicaid to all non-Medicaid eligible individuals that are under the age 65 and making medicaid more federal funded based rather than a state issue. Thus helping those who could not afford
The problem of rising healthcare costs is to be addressed because of its nation-wide significance. Predictions given by economic analyst suggest that funding for Medicare will run out of money and will not be operate-able by the year 2024 if government remains the major payer for healthcare and the costs of Medicare continue to rise. Government will not be able to continue financing the healthcare system on its own (Gersh, 2011).
The Affordable Care Act (ACA), unofficially called Obama Care, was signed by President Obama in March of 2010. The ACA was later sent to Congress and passed in June of 2012. The Affordable Care Act’s goals are to help the community have affordable health care for all United State citizens. There are several significant differences between both parties in the House of Representatives on the Affordable Care Act. Since the Affordable Care Act has been instated as law, the pros have masked the cons and there seems to only be positive outcomes. Democrats are in favor of the ACA because this will help the majority of the population in the United States. The Democrat support of The Affordable Care Act has helped people who cannot afford health care; for example, the act makes health care more affordable and available to the people. While writing The Affordable Care Act, Democrats and Republicans argued over conflicts of ideas to which side was right or wrong. Democrats believed that the Affordable Care Act would prosper and thus far it has shown positive results, and unlike the Democrats, Republicans believe in the abstracts of the reform and currently still do.
The affordable care act was passed into law by congress and the president in 2010. This plan was established to help all individuals obtain health insurance, regardless of having a pre-existing condition through the government marketplace as an affordable amount, or if you did not meet the set standards, was offered a state based health care coverage (HHS, 2015). Those individuals who did not have qualified medical coverage for the majority of the tax year, they would be penalized and have to pay a certain amount or a percentage based off of their income. Also under the ACA employers are now responsible, depending on how many employees are employed with their company, to offer their full time employees health care coverage, or also face a
The Affordable Care Act (ACA), also known as ObamaCare, is a United States law that was signed by President Barack Obama on March 23, 2010 and upheld by the Supreme Court on June 28, 2012. This Act was set to reform both healthcare and health insurance industries in the United States. It aims to lower cost on coverage, add new benefits, and a few new taxes. Increasing the quality, availability, and affordability of private and public health insurance are very important roles of the ACA. While trying to help over 44 million uninsured Americans, it is changing taxes, mandates, subsidies, and adding new regulations. The law is trying to slow the growth of healthcare spending and cost, which has been rising at an unsustainable rate. The Affordable Care Act has added many new laws and regulation, but how much has it helped and how will it be changed after the presidential election?
The Affordable Care Act was passed by Congress and signed into law by President Barrack Obama, on March 23, 2010. On June 28, 2012 the Supreme Court rendered a final decision to uphold the health care law ( U.S Dept). There are key concepts to the Affordable Healthcare Act, or also known as, Obama Care. They are coverage, cost, and care. It was put into place to protect American people and the ability to provide Health Insurance for everyone. It covers preventative care coverage for all young adults, pre-existing conditions eliminated exclusions for children, controls the withdrawal of insurance coverage, gains access for member rights to appeal, terminates lifetime limits to coverage, review increases for premiums, maximum benefits
The Affordable Care Act (ACA), mostly known as ObamaCare, is a health reform legislation. It was passed by Congress and enacted as a law by President Barack Obama in March 2010. Throughout Barack Obama’s presidential campaign, they emphasized the necessity to improve the health insurance of Americans; therefore, the Obama administration created a legislation with a plan to help more people become insured. The ACA consists of three main features: creation of a new state-based insurance, individual mandate, and new government subsidies.
The new law will guarantee millions of Americans access to quality, affordable care regardless of health status; decrease rates of the nation’s leading chronic diseases; control soaring health spending; and strengthen our battered public health infrastructure… Health reform and its historic investment in prevention will help us achieve the promise we made to give our children a higher quality of life than we have (ProCon.org).
The Affordable Care Act was founded by our President Barack Obama. On March 23, 2010 the president signed this bill and it became a law. The Affordable Care Act states that everyone living in the United States must purchase health insurance or risk being fined a penalty for not having health insurance (American Journal of Public Health, 2015). This Act is saying health care is a shared community responsibly in hopes to decrease health care cost and increase patient care and availability to treatment. A person who was not eligible for health insurance before due to pre-existing conditions can now have health insurance. It is the young paying for the old or the unfortunate. It has nine titles that aim at improving health care and its costs (HHS.gov, 2015).
The Patient Protection and Affordable Care Act, commonly well known as the affordable Care Act or ObamaCare is an U.S. law planned to reform the American health care system. The Affordable Care Act’s main focus is to provide more Americans with affordable health insurance, but when this all began. The Affordable Care Act may have signed by the President Barack Obama but truth is The Affordable Care Act is the result of decades of ideas from both parties. Since 1989 parties have tried to improve this idea that is suppose to help Americans; The Health Security Act was introduces on November 20, 1993 by President Bill Clinton, and the 2006 Massachusetts health care insurance reform law, legally titled An Act Providing Access to Affordable, Quality,
For the first time in history, insurance companies will no longer be allowed to simply tell a person “no”. They will be required to offer coverage and accommodate regardless of a person’s health status, and they will not be able to jack up rates or drop any one from coverage when the main person in the insurance packet gets sick.
U.S. health care reform is currently one of the most heavily discussed topics in health discourse and politics. After former President Clinton’s failed attempt at health care reform in the mid-1990s, the Bush administration showed no serious efforts at achieving universal health coverage for the millions of uninsured Americans. With Barack Obama as the current U.S. President, health care reform is once again a top priority. President Obama has made a promise to “provide affordable, comprehensive, and portable health coverage for all Americans…” by the end of his first term (Barackobama.com). The heated debate between the two major political parties over health care reform revolves around how to pay for it and more importantly, whether it