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The For The Affordable Care Act

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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

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