Former President Obama once said to the American people, “Let’s keep working to rebuild the middle class... Let’s build more ladders of opportunity for everybody willing to work hard. Let’s make sure the United States of America keeps being a place where you can make it if you try.” When saying these words, Obama had a vision for the act of Obamacare: to help the American people and give them something to hold onto, a light at the end of a tunnel, a promise for financial stability. Obamacare, or the Affordable Care Act (ACA) is the answer, a health care reform law for patients who cannot afford health insurance, and for individuals who are poorer and less fortunate than others. These people get insurance that is foolproof and reliable. Many …show more content…
The States also need to provide a marketplace for people who wish to find an insurance company easily. This helped many as “more than 11.5 million people had enrolled in a health plan through one of the insurance marketplaces created by the law” (Levey). American citizens found the aspect of Obamacare to be useful, and they used it to their advantages. The amount of people benefited is drastic, and the health plans in the marketplaces provide the alternative to shopping for higher priced, hard-to-get insurance plans. Going ahead, individuals are required to have insurance, or they will have to pay the “individual mandate”, or a fee. This mandate allows the insurance industry to thrive and it also benefits the people. For one thing, the insurance industry would not be held up as people would “game the system by buying insurance only once they are sick, which of course would affect the whole country” due to lack of insurance funds (Lemieux). Many argue the mandate is unconstitutional, but this is false. Opponents argued that the mandate went against the Constitution as Congress did not have the power to force individuals to buy insurance, or do something they did not wish to do. However, many, such as Chief Justice John G. Roberts Jr., in the case NFIB v. Sebelius, argued that “the penalty imposed on people who do not carry health insurance …show more content…
Consumers looking for insurance are benefited as they have lower costs than they would without Obamacare. According to the ACA analysis, “silver plans cover seventeen percent more health expenses than the average plan prior to the ACA” (Zamosky). The Affordable Care Act has made a change in the costs and expenses regarding money put into health. Without Obamacare, clearly, the plans and various forms of insurance would be costly. To add on, Obamacare provides tax credits for those who have low income and shop through the health insurance marketplace. These people receive “a tax credit [they] can take in advance to lower [their] monthly health insurance payment” (Advance Premium Tax Credit). The tax credit gives these people enough to get by, seeing as they struggle with health insurance. Tax credits are calculated due to incomes, and to qualify, an individual must have an income between 100% and 400% of the poverty level. Without the huge prices on healthcare, the peoples of America can focus on food, shelter, and all the necessities they require besides their health. The Affordable Care Act also brings Medicare into play. Medicare helps with drug costs and prescriptions for people who cannot afford to pay much for them. Obamacare added many benefits to Medicare, including the coverage gap, also known as the “doughnut hole”. The system regarding the “doughnut hole”
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The 2010 Affordable Care Act (ACA) is the most current governmental effort to bring a national health care plan to the United States (U.S.). Policy makers in the U.S. are hopeful the ACA will be able to extend health care coverage to 47 million nonelderly uninsured citizens (Kaiser Family Foundation, 2014). The ACA broadens the Medicaid eligibility for low income individuals at or below the 138% Federal Poverty Line (FPL) and adds tax credits to assist people to purchase insurance in the Health Insurance Marketplace (U.S. Department of Health and Human Services, 2015). In 2012, the Supreme Court the upheld the constitutionality of the ACA requiring most people to maintain a minimum level of health insurance, however they left the
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
Obamacare is like a seesaw. Either a person has to be all the way at the bottom, or in this case poor, to receive Medicaid, or all the way at the top, or upper class, to afford to buy health insurance outside of employer coverage. There is no happy medium or room for the middle class. The desecration of the middle class is one of the casualties due to the implementation of Obamacare. Although many people believe Obamacare is a great concept, it still has plenty of room for improvement. Especially , with the government no reimbursing the insurance companies, insurers not anticipating all the sick people they have to cover, and how this situation has affected american citizens .
Obamacare is an unofficial name for the Patient Protection and ACA (Affordable Care Act) which was signed into law by President Barack Obama in 2010. The White House announced that in the first month, more than 100,000 Americans successfully enrolled in new insurance plans (The New America). That’s not even close to a quarter of the United States population. There have been problems with the website when it crashed. This prevented many Americans from completing the enrollment process. Which put a big hurt on the AC. But there is no question that there is a real demand for quality, affordable health insurance. In the first month, nearly a million people successfully completed an application for themselves or their families. An estimated amount 396,000 citizens have the ability to gain access to Medicaid under the Affordable Care
The Affordable Care Act (ACA), also known as ObamaCare, is a healthcare reform law that focus on providing more Americans with access to affordable health insurance. “The ACA is expected to add 32 million people seeking primary and preventive service and treatment” (journalofnursingregulation.com). It was first enacted by President Barack Obama on March 23, 2010. The act has offered a number of people with benefits, set up a place they can purchase health insurance, expanded the use of Medicaid and Medicare to the disabled and senior citizens. The Act has forced many employers to offer coverage to their employees. Despite all of the positive attributes this act has provided, there is a flip side to it. Americans are required to have health
Obamacare is also known as the Affordable Care Act. With the Obamacare Law everyone has a right to health insurance. The law was passed to help people without health insurance be eligible to receive, therefore they cannot be denied assistance. Obamacare is very helpful because you receive help to pay for medication and medical bill. Either most or all, depending on the price would be paid. Companies with 50 or more workers, pay the workers health insurance. With Obamacare there is an equal distribution, no one is left out. Parents that have children under 26 years old can stay under their health plan. People that have had health insurance before March 2010 are not effected as much compared to those that have insurance after. Since the Obamacare
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,
The Obamacare has a lot of benefits that most people don't know about. That's because Americans has been hit with fifteen times more negative than positive, most people think it only affects insurance companies, but also already changed the way health care is being delivered, The Obama care is the popular and frequently misunderstood name patient protection and affordable care Act in 2010. The federal government spends $933.7 billion on healthcare alone, that's even more than any budget items according to the FY 2015 .
According to Obama, “ ObamaCare’s goals is to give more Americans access to affordable, quality health insurance, and to reduce the growth in the U.S. health care spending” (DeMichele). The ACA is a law that is needed in the United States and it has benefited our country as a whole. Another important impact of the ACA is it, “expands the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms” (DeMichele). Furthermore, the ACA would be a big help to families who are classified as having a low or middle income.
It will be realized that the Obamacare which is also referred as Affordable Care Act happened to become a law in 2010. Notably, the act was basically aimed at offering health insurance coverage to citizens in American that was affordable (Kennedy 2013). Obama healthcare system was also designed in order to guard the consumers from most of the tactics by the insurance companies which may in the long run restrict care and increase the patient costs. Statistics extend to reveal that a large fraction of the Americans have greatly benefitted by obtaining significant insurance coverage as provided by the Affordable Care Act. Most of these individuals that have benefited were those having low-paying jobs as well as the unemployed. Some of these individuals were unable to work as a result of obligations from the families and due to disability while others failed to obtain superior health insurance following pre-existing medical conditions like chronic disorders (Japsen, 2014).
Last year 11 million people signed up for Health Insurance through Obama Care. This affordable care act is supposed to be helping the middle and low classes of America, when in reality its just making things worse. Because of Obama Care, Americans are finding themselves being forced to change their health coverage or even their long term doctors. More and more each day, more doctors are starting to refuse Medicaid and Medicare payments. Which makes things more difficult for a majority of Americans that have Medicaid or Medicare.
One of the pros to Obamacare is it did provide affordable insurance for many people that couldn’t afford insurance before. The way that it did that is it provided subsidies, in other words the government was paying for a decent part of the premium that’s what made it so affordable to a lot of people that couldn’t afford it before. So you can see now that subsidies for low-income Americans. So if the income was below a certain threshold the government would pay or sometimes all the premium and that certainly made it more affordable or accessible for a lot of people that didn’t have access to it before. Pre-existing conditions are covered, so previously if someone had a pre-existing condition and they did not have insurance they couldn’t get insurance because of that pre-existing condition. Now the insurance company has to take those pre-existing conditions.
The United States spends over $2 trillions each year on healthcare. This means that millions of Americans are set to benefit from the PPACA/ACA a.k.a Obamacare new health care policy. This policy contains numerous benefits, rights and protections. Below is an outline some of the many benefits this policy provides (http://obamacarefacts.com/benefitsofobamacare/ )
Ever since the Affordable Care Act (ACA) was signed into law, over fifteen million more people have health insurance and have been living healthier lives (Levy). The ACA was an idea for better health care insurance thought up by President Barack Obama to make the lives of Americans better. It works by reducing the costs of health care for those who wouldn’t be able to afford it otherwise. It’s a step towards the U.S. joining the other well developed countries that have universal health care plans. Despite all the good it’s doing, there are plenty of people who want to have the ACA repealed. Through the reduction of cost for people of lower economic status, the ACA is one step closer to a healthier and more equal country.
When ever we here about the financial side of Healthcare the first thing that comes to mind is insurance. Insurance plays a big role in our well being in today's world . It plays roles with our finance in our everyday living. As we all know, that if you have medical insurance on your job than the cost is cheaper then if you were paying out of your pockets or with the help of the government. Regardless who pays for it the cost is still high. Ex-President Obama had put in place “Patient Protection and Affordable Care Act “ to help those that had no insurance be able to afford health insurance at an affordable cost.