The Patient Protection And Affordable Care Act

804 Words Apr 26th, 2016 4 Pages
Since the enactment of The Patient Protection and Affordable Care Act (PPACA), health care has been faced with complex issues. Health Care providers are challenged with extreme cost pressures making it difficult to maintain their financial viability. It is important they uphold high ethical standards when making financial decisions (Zelman, McCue, Glick and Thomas, 2014). The United States has spent more on healthcare than any other country. In the first quarter of 2014 healthcare spending rose 9.9%, the largest quarterly increase in over 30 years (Patton, 2015). What is being done to reduce health care costs and are high ethical standards being maintained. The Affordable Care Act has made efforts toward strengthening Medicare, by lowering costs and improving quality for individuals over 65 or disabled. Preventative benefits, such as wellness visits has reduced costs. Closing the prescription drug donut hole coverage gap has saved billions on prescription drugs and investing resources in fighting healthcare fraud has recovered billions more dollars. The
Centers for Medicare and Medicaid services has tied payment to quality standards, invested in patient safety and have offering incentives to providers who deliver high quality, coordinated care. Hospital reimbursements are now tied to performance on quality metrics, as well as patient experience. All part of the value-based payment system (The Centers for Medicare and Medicaid, ). The…
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