The Importance Of Modeling The ACA

In 2010, the United States created The Affordable Care Act (ACA). The objective was to share the responsibility of costs between the government, individuals, and employers to provide affordable access to quality health insurance. “However, health coverage remains fragmented, with numerous private and public sources, as well as wide gaps in insured rates across the U.S. population.” (“United States: International Health Care System Profiles,” n.d.). Each individual state within the US, generally has control over private insurance.

Millions of people couldn't afford health insurance before the ACA was passed. The ACA made health insurance affordable and eliminated discrimination against those with pre-existing conditions. Before the ACA, insurance companies would drop or increase premiums due to a late developing "pre-existing condition" and "unrelated cancer surgery." The insurance companies would terminated coverage for women who receive treatment for sexual or domestic violence (and other

On March 23,2010 the Affordable Care Act (ACA), also known as Obamacare, was signed into law. This act aims to provide affordable health care coverage for all United States citizens. “The Affordable Care Act affirms the core principle that everybody should have some basic security when it comes to their health care.” (President Obama) It will provide insurance to more than thirty million people who have been previously uninsured, and will be achieved by expanding Medicaid and extending federal subsidies to the lower and middle income Americans to aid in purchasing private coverage. Although many attempt to view it in a completely positive or completely negative way it affects all aspects of the health care industry in various ways.

The Affordable Care Act has given aid to many people in several communities and the impact has changed lives tremendously. The ACA has improved their provisions in a way that has focused on improving the quality of the health care system and efficiency of the ways testing is done within and pay for within those

As for the increase in quality, preventative care is now offered for free, and the act offers much more coverage for women. Another piece of the act is that insurance companies must publicly justify premium increases of more than 10%.(Read) While this covers the key pieces of the ACA, there are still many smaller parts that are not included here. For a comprehensive summary, please consult this chart.

The premise for this is that if these things get covered with preventative care, “emergency room costs” will be decreased and save money by hopefully keeping that from affecting Medicaid and therefore the tax payer. Again, this bill had been advertised on such plans but, implementing a regulation like this cancelled millions of individual plans that didn’t cover such problems. Another of the essential benefits mandated under the ACA is maternity care. This is great if you are a woman, but if you are one of over 50 million single men in America this is a unnecessary financial burden that you are being charged for and will never use until you marry. The ACA forced many families to go out and buy new, more expensive insurance to cover benefits that they either wouldn’t need right now, or would never benefit from. From just 2010 to 2011 the average healthcare premium for a family plan rose over $1200. Premiums have since grown up to a $4000 increase since the ACA was

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

On the whole, the Affordable Care Act reduces healthcare costs while providing better quality services for citzens accross the US. Farley says that the ACA’s reforms to Medicare saved “17 billion in fiscal year 2013” thanks to reductions in payments to private health insurance companies cover their customers through Medicare Advantage as well as adjustments to the annual updates to Medicare provider rates (Farley, 2014). This protects consumers from excessive charges by their insurance providers, by limiting how much insurance providers spend on their own services. And even though the cost of health care, per capita, is gradually increasing, the rate of that growth has decreased over time, thanks to the stipulations, as well as method of implementations, of the ACA. ++++++++++++++++++++++++++=

ACA has helped over twenty million people get insured. Twenty-nine million people lack proper healthcare. The Uninsured are less likely to receive medical care as quickly as when they are sick, compared to people who are insured. Cost is higher when they get treatment, APHA say “40 percent of health costs of the uninsured are passed on to consumers who do have coverage, in the form of higher premiums”. Health care cost for each family can be more than a thousand dollars per year.

“The average premiums in the nation's individual health insurance market "actually dropped significantly" in 2014, the year that the Affordable Care Act took effect.” (Mangan, Dan. "Average Health Insurance Premiums Fell after Obamacare Took Effect, Study Says." CNBC. CNBC, 27 July 2016. Web. 15 Jan. 2017.) This would cover surgeries, major or minor, medical or dental. This would enable all Americans to not have to worry about the cost of complicated medical procedures because it would be a price that would relatively reasonable for all Americans. Also the insurance companies would include even more medical and dental benefits in their benefits. “Too many people in our country are not reaching their full potential for health because of preventable conditions. Moreover, Americans receive only about half of the preventive services that are recommended” (Koh, Howard K., M.D., and Kathleen G. Sebellius, M.P.A. "Scholarly Article." Promoting Prevention Through The Affordable Care Act. The New England Journal Of Medicine, 30 Sept. 2010. Web. 15 Jan. 2017.) More procedures will be included in physicals and more medical tests would be conducted for preventive healthcare and routine diagnostic check-ups. Another Aspect that would improve the Affordable Healthcare Act better is that there would be no deadline for enrolling. Whenever anyone needed to enroll or wanted to enroll, it would

More people are enrolling and taking advantage of government subsidies and Medicaid expansion as costs in healthcare rises. At the beginning of March 2015, the projection of ACA cost was at $1.201 trillion spread over 2016 to 2025 (about a decade). This is a drop from what was predicted in January 2015 at $1.35 trillion giving a 7% decrease from April of 2014. All in all, the net amounts include the Marketplace coverage provision, Medicaid growth, tax credits from employers, and Children’s Health Insurance Program. Revenue is also generated from money paid from penalty, and tax elimination. ACA will just get better because of decrease in healthcare costs due to Medicare transformation as Medicare expenses are calculated distinctly in the budget predictions, whereas it contains a greater part of ACA ITSELF. This is good news because the health care costs is the lowest it has been in the last 50 years.

The ACA was introduced to care for those without insurance, and to also make amends to those with a pre-existing condition to retain some semblance of health insurance. When fully implemented, the ACA promises to lead to a dramatically different health care process for the United States in the years to come. The central legislation to making this proposal become law was that the ACA would increase health coverage to extend to as many as 32 million more previously uninsured

When the Affordable Care Act(ACA) came to the table, much was promised with the passage of it. Until then, America was a multiple payer system, with ACA the goal was to turn America into a system that provides universal coverage and reduce the uninsured. The Kaiser Family Foundation Tracking Poll found that in 2016 the uninsured rate was at an all-time low, with the non-elderly population dropping from 16% to 10% uninsured. The ACA has a view of not only helping the public health wise but also economically helping the nation. Healthier nation means a healthier economy in the long run. Three of the economic benefits that will be looked at here are as gotten from the Obama Whitehouse website “1) Putting more money in families’ pockets,

Another important aspect of the Affordable Care Act to look at is how it is making the healthcare market a more fair and humane place. Before the ACA was signed into law, private insurance companies dominated the insurance market and had a huge say in how much they would charge you, what they would cover and most importantly if they would even grant you coverage at all due to a pre-existing medical condition. “Before the ACA, someone with cancer or mental health problems, for example, often was unable to find affordable health insurance. Some couldn't find any insurer to cover them.” (O’Donnell) Under Obamacare, unfair practices such as

The implementation of the Affordable Care Act (ACA), popularly known as “Obamacare”, has drastically altered healthcare in America. The goal of this act was to give Americans access to affordable, high quality insurance while simultaneously decreasing overall healthcare spending. The ACA had intended to maximize health care coverage throughout the United States, but this lofty ambition resulted in staggeringly huge financial and human costs.