Obamacare or the Affordable Care Act was signed into law in 2010 by President Obama. There are many changes that will and are happening because of this law. Citizens cannot be turned down for coverage because of preexisting conditions, and everyone is required by law to have health insurance coverage. Those citizens who cannot afford coverage will be able to get assistance paying for it unless they are under the poverty level. Those citizens will be able to get Medicaid if their state expands coverage. One significant change will come with the development of care homes, and a move to home based care for chronically ill. Prevention of chronic illness and improving health programs/coverages will be implemented to prevent disease early before it becomes expensive. One part of the law focuses on the health care workers because we do not have enough workers to take care of everyone. Specialists who treat some diseases will be eliminated, while focus is being placed on primary care. Generic drugs …show more content…
Obamacare is a competitor to the market because it can provide high quality health care at low costs, but at what costs. Health care costs are rising, but the health care industry is a profitable medical industry. This can help with the economic growth in the United States. Insurance companies, pharmaceutical companies, and health care providers are part of the same sector of the capitalist economy. The threat that the Affordable Care Act poses to insurance companies is and should be perceived as a threat to institutions that provide medical care for profit. If you eliminate the insurance companies, cutting/controlling health care costs will be the next step, but at what costs. If we are restricted because we must be competitive with pricing, how can we protect and serve our patients. This not only hurts our patients, but our economy will be damaged as
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
During the presidency of the first black president know as Barack Obama, many acts were enlisted under his time as president. One of the main acts was the affordable care act or obamacare, which is mostly recognized as, is a term that was adopted by himself which represents U.S health care systems most significant regulatory overhaul and coverage. The affordable care act provides americans with better health security by putting in place comprehensive health insurance reforms that will expand coverage, hold insurance companies accountable, lower health insurance care cost, guarantee more choice, and enhance the quality care of all Americans. All over the world most countries usually have health care as an free coverage for all people however,
Two years after being elected, in 2010, President Barack Obama and Congress passed a legislation called the Affordable Care Act, often called “Obamacare”. This brought major changes and controversy. With the ACA, no insurer can charge you more or deny you a policy based on your previous or current health conditions. Young adults, whether they are financially independent and out of the house or not, can remain on their parents insurance until the age of 26. Knowing that their child was covered brought relief to many parents (“7 Big Health Insurance Changes From
The United States no longer posses the ability to effectively drive down premium costs through the means of insuring healthy people. For example there is a town with ten houses, and, on average, one house a year burns down. If no one in the town pays for insurance they have a 10% chance of their house burning down each year. If everyone in the town pays insurance they spread the risk because no matter whose house burns down no one will have to pay anything as the insurance company will cover the cost of the house that burns down each year and make a slight profit. This is the same logic applied to the whole medical insurance market.
A new study from the well-respected National Bureau of Economic Research says “In 2014, premiums in the non-group market grew by 24.4% compared to what they would have been without Obamacare.” In March 2010 Obama signed the law and this allowed
Thousands of people were receiving medical service thanks to the Affordable Care Act, which also helped those with an existing condition. The act made sure that no one was denied medical care because of any existing history. Weather it was cancer, heart diseases or diabetes, no insurance company could discriminate against them. This act saved the lives of many people who would have not been able to have an insurance before. Young adults also beneficiated from the Affordable Care Act, it allowed them to stay in their parents insurance until they were twenty six years old.
Do to Trump trying to reform Obamacare, it has cost some problems like less health care for people with pre-existing issues and more coverage for people that have on and off health care coverage, Medicaid would change, and
They will also have reduced healthcare costs, which helps them to save money. One of the other positives is the accessibility of healthcare. After the Affordable Healthcare Act was passed, many citizens who could not afford healthcare before could get free and accessible healthcare. The Affordable Healthcare Act also helps with Job Lock for employees. There are many jobs that offer healthcare for their employees.
ObamaCare is what is going to make this country crash and burn. Once it happens all of a sudden Obama will be nowhere to be found. All the blame will be on him and he knows it to. We have been trying to get a handle on this beginning almost 100 years ago with Theodore Roosevelt. Roosevelt supported heath care because he believed no country could be sturdy with sick and weak people.
The Obamacare Act has changed a bit over the years. You must know what Obamacare is first in order to fully understand it. Obamacare, or the Patient Protection and Affordable Care Act (PPACA), became a law and was signed by former President Barrack Obama on March 23, 2010. The goal was to reform the healthcare industry. The Supreme Court upheld this law on June 28, 2012.
Patient protection and Affordable Care Act ,commonly known as Obamacare, was passed in its finality on March 21, 2010 and signed into law by former President Barack Obama on March 23, 2010. Many disliked the idea of Obamacare due to the fact that it was forced on employers to pay for health insurance. It got shut down by the people's views on it quick , Obamacare wasn't really given a chance. Thought it had a great deal of benefits people just choose to focus on the negative parts. Which brings up a lawsuit like Obamacare Versus The Little Sisters of the Poor.
What is Obamacare? According to recent article,What is Obamacare, published on The Balance, “The most important part of this Act requires you to have health insurance,” (as cited in Amaedo 2017). In 2010, President Barack Obama introduced the Patient Protection and Affordable Care Act. The act requires an individual to hold health insurance for at least nine out of the twelve months of a year. If the individual does not acquire insurance, and 2.5% income tax will be imposed.
The Patient Protection and Affordable Care Act commonly known as Obamacare was signed into a law on March 23, 2010 by President Barack Obama.1 In July of 2009, Speaker of the House Nancy Pelosi along with a group of Democrats from the House of Representatives disclosed a plan that included reform within the healthcare system introducing the Affordable Care Act.2 On September 17, 2009 this bill was introduced in the House and a few weeks later the bill was passed/agreed on. In December 24, 2009 the law was then passed in the Senate. On March 21st, 2010 with resolving differences, the house agreed to the changes to the law made by the Senate and the plan was approved by the House in a 219-212 vote. On March 23, 2010 the law was signed into an
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.