The Affordable Care Act has been a positive reinforcement that the health care system needed. The quality of life in regard to health care has increased in a good way. Therefore, with easy access and low cost to hospital facilities have provided more transparent relationships with patients. The Affordable Care Act has provided individuals the opportunity to take accountability for their own health. I believe the Affordable Care Act is one of the most successful laws that was created. The accessibility to health care due to the Affordable Care Act has saved so many lives, more than we can count. Furthermore, every beneficial concept has cons attached to it. The Affordable Care Act was also the cause of many workers losing their employment-based
The Affordable Health Care Act, also known as “Obamacare”, is basically just Obama trying to make sure that the whole nation has insurance and if they do not have it by January 1, 2014, they will be penalized with a fine. To make insurance more affordable, many Americans are able to qualify for a subsidy that lowers the cost depending on age and income. Also, “Obamacare” made it impossible for insurers’ to discriminate, or charge higher rates, for anyone who has pre-existing conditions or for a certain gender. Medicare will also be easier to obtain due to requirement of insurance. This law was passed in the U.S. on March 23, 2010 by Congress and President Barack Obama.
The Affordable health care act, popularly known as Obamacare, it’s a law that makes affordable health care available to more Americans since there are million of uninsured Americans and it will be cutting the rising cost of health insurance. Because of this law that grants coverage to everyone, it is increasing the rate of demand and consumer expending, making a great impact in the economy especially to GDP and economic growth. Also, not only there’s an increase in spending but also the labor market has been growing, since the employment rate has been increasing in the health care sector. While providing insurance to every American, it is generating major benefits to the newly insured like improving health, enhancing families security, increasing
President Donald Trump has faced a tough opposition in his efforts to fulfill his campaign promise on health care. Trump had earlier promised that he will repeal the Obamacare immediately he took oath of office. However, things seem not to work to help him achieve his agenda within his first hundred days in office. But he needs to get the two opposed factions of his republican party if he is to succeed about repealing Obamacare. The two factions namely the conservatives and moderates are derailing the repealing process.
Second, also the tax of Affordable Care Act has disadvantages. According to the Congressional Budget Office(CBO) “Those increases were more than offset by a reduction of $97 billion in the projected costs for the tax credits and other subsidies for health insurance provided through the exchanges and related spending, a reduction of $20 billion in the projected costs for tax credits for small employers, and a reduction of $107 billion in deficits from the projected revenue effects of changes in taxable compensation and penalty payments and from other small changes in estimated spending.” (Congressional Budget Office, March 2012). The Affordable Care Act levied the new taxations include the health insurers, investment income, tanning salons,
The Health Care Choice Act of 2017 (HCCA) is legislation designed to modify US policy related to the federal approach to health care. HCCA is designed to repeal the Patient Protection and Affordable Care Act (PPACA) and some provisions of the Healthcare and Education Reconciliation Act of 2010. HCCA also addresses the Public Health Service Act (PHCA) to support interstate healthcare coverage where a health insurer can insure from one state to an individual in another, and that the laws of the health insurer’s state are the laws which apply. The law exempts insurers from the laws of the secondary state (the state of an insured, if they live in another state than the insurer) (“H.R. 314”, 2017). The primary state has jurisdiction to regulate
The Affortable Care Act was seen as a historic achievement in healthcare reform. The legislative process of establishing the ACA was influenced by several factors, including political, economic, and social factors. The bill was able to be approved because in both chambers, democrats had majority vote. Furthermore, the country was still recovering from the Great Recession. Healthcare costs extensive for individuals, and health care costs later became a burden for people, businesses, and the government.
Opposition of Medicaid The Affordable Care Act or Obamacare was meant to lower the cost of health insurance for low-income Americans making health care more affordable. The idea of this act caught everyone’s attention and seemed to be too good to be true, after hearing the promises made in the act by the Federal Government. States had a choice to accept it or reject it, the government would pay one-hundred percent the first three years and eventually be responsible for only ten percent of the cost by the year 2020. Many states rejected Medicaid expansion causing a coverage gap 3.1 million people uninsured poor adults. Enacting this law took a huge toll on the insurers, enforcing rules that will change the way they spend their funds and either
The Affordable Care Act, or Obamacare as it is more commonly known, introduced several changes to the U.S. healthcare system. The most significant was the introduction of healthcare insurance for all Americans through an individual mandate. This meant that people who did not have any form of health insurance were required by law to purchase coverage from one of the new exchanges (Blumberg & Holahan, 2019). This gave people more choices and a wider range of healthcare options. The Affordable Care Act also introduced significant changes to how health care is funded in the United States.
.” Health reform has the potential to help by providing premium assistance and lowering out-of-pocket costs” (Schoen et al ,2011). Affordable Health Care Act 0f 2010 can also be referred to as Obamacare was implemented to help Americans to have access to affordable and quality healthcare services. It has drastically the number of uninsured and underinsured individuals. Those with chronic medical conditions on high bills with little income and are underinsured between 2003 and 2012 increased by almost 80%, although, they have an insurance plan with inadequate coverage which makes them open to costs they cannot pay.
One of these positives is the financial help that it gives to people. Since the Affordable Care Act helps to reduce people's healthcare cost, people will not have to pay as much out of pocket as they would had the Affordable Care Act been passed. This also means that since people will not have to pay as much out of pocket, they can use that money for things like bills and groceries. This pay reduction also offers help to “high risk” people. Since they usually need a lot of medical care, it will cost less for them.
= 2. Pros and Cons of Obama Insurance on Small Businesses The Affordable Care Act (ACA), also known as Obama Insurance, was enacted in 2010 with the aim of providing affordable health insurance for all Americans, including those who work for small businesses, amid the abundant insurance services in Homestead,
Kenzie Simmons Mrs. Walker English 10H 3 March 2023 The Impact the Affordable Care Act Had On Healthcare in the US The Affordable Care Act (ACA) ensures that those with lower incomes have more access to affordable health insurance and generally lowers the costs of healthcare while also implementing different essential health benefits through insurance. This changed millions of Americans' lives for the better but also complicated the process of finding coverage and not so positively affected some Americans lives. The ACA positively impacted healthcare by making it more accessible, more affordable, and improving the quality of care.
Also known as Obamacare, this act was a way for people to be able to obtain healthcare in another way much different from its traditional route. However, once the Tax Cuts and Jobs Act of 2017 passed, it gave people more of a choice by allowing them to purchase healthcare insurance or not. Nevertheless, before both acts were instated, healthcare insurance companies made all the decisions for their providers like denying people coverage if they had expensive chronic illnesses. “Before the ACA, insurance companies used medical underwriting to determine whether to offer a person coverage, at what price, and with what exclusions or limits based on the person's health status; the purpose was to ensure a healthy risk pool by requiring people to pay premiums that reflected their expected medical costs.” (National Academies Press (US), 2018).
I believe that it has had a positive impact on the healthcare industry and on the lives of millions of Americans. There are several great examples as to how the ACA has benefited the American people. According to ncbi the ACA has expanded access to healthcare by providing insurance coverage to millions of previously uninsured individuals. According to a study by the Commonwealth Fund, the uninsured rate for working-age adults fell from 20% in 2010 to 12% in 2016, thanks in large part to the ACA (Borelli et al., 2016).
Before the Affordable Care Act was put into work, over 45 million Americans were uninsured. The Affordable Care Act, also known as Obamacare, was then made to help those who were uninsured. It allowed people with financial struggles with the same opportunity as everyone else to have a healthcare plan. Even though the law was passed in 2010, it took a full year of back and forth to get it passed in the Senate. Obamacare may help you get coverage, but charge you an annual fee if you don’t have one.