The ACA has successfully accomplished their goal by making healthcare accessible to everyone. Unfortunately, the cost remains high and most Americans are unable to afford insurance. This rationality is due to healthy American’s unable to qualify for premium tax credit and an increase in their premiums. Also, the cost-sharing standard silver plan reasonable deductibles, complicated APTC with inaccurate income projection, minimal employer coverage and individuals mandates with
Right now in the USA the ObamaCare law is a permanent part of the landscape, The USA republicans said that, despite the high court decision upholding various subsidies, the law itself remains the largest and dangerous threat to health care. Although it has its own benefits, Obamacare is increasing costs for hardworking families. Republicans argue that many people have to pay higher costs or see their former policies canceled.Which is leading to poor economy and increasing of debts and deaths within the country.
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. Some people are at a ton of risk, such as being old or having a history of poor health. These people in poor health are more expensive to cover simply because they hold more risk for the insurance company as they require more
For sometime, many US citizens have not had the resources to acquire an adequate health insurance plan. Although faced by many oppositions, the US government has found a solution, The Affordable Care Act. The Affordable Care Act, also known as “Obamacare”, is a US healthcare reform law that focuses mainly on providing more Americans with access to an affordable health insurance. The Affordable Care Act is said to expand the affordability, quality, and availability of private and public health insurance through consumer protections, regulations, subsidies, taxes, insurance exchanges, and other reforms. Signed into law by President Obama in March 2010, hence the nickname “Obamacare”, the
Health care should not be considered a political argument in America; it is a matter of basic human rights. Something that many people seem to forget is that the US is the only industrialized western nation that lacks a universal health care system. The National Health Care Disparities Report, as well as author and health care worker Nicholas Conley and Physicians for a National Health Program (PNHP), strongly suggest that the US needs a universal health care system. The most secure solution for many problems in America, such as wasted spending on a flawed non-universal health care system and 46.8 million Americans being uninsured, is to organize a national health care program in the US that covers all citizens for medical necessities.
Over the last several years, millions of Ameri- cans have signed up for affordable health insurance
The Affordable Care Act, (ACA) often referred to as Obamacare, was signed into law March 23rd, 2010 and has quickly become a nightmare to millions of citizens nationwide. While there were fortunate people who benefited from the heavily subsidized and affordable healthcare that was not readily available before ACA was passed, many more people found that their once affordable healthcare was no longer an option due to new ACA requirements (how so?). ACA was designed to extend insurance benefits to roughly 30 million uninsured Americans. The Obama administration aimed to extend Medicaid and provide federal subsidies so lower and middle-class Americans could afford to buy private insurance. This act alone forced millions of Americans out of their
As mentioned in the Business Insider, anything from high blood pressure to cancer and even to acne, is considered a pre-existing condition. Others include diabetes, asthma and pregnancy. Opponents believe that “the vast majority of Americans with health insurance were already in plans that were required to offer them coverage regardless of pre-existing conditions”, as stated in Forbes. One cannot deny that before Obamacare, perhaps a small percentage of Americans were unable to get coverage due to pre-existing conditions. But, there are ways to see that this could have aggravated if it were not for Obamacare. According to CNBC, more than half a million people with pre-existing conditions were denied coverage by the four most prominent health insurance companies from 2007 to 2009. As stated by the ASPE U.S. Department of Health & Human Services, about 1 in 2 Americans have pre-existing conditions, and many of them could have been denied health insurance if it were not for Obamacare. Thus, from a long-term aspect, Obamacare will make a huge impact not only by protecting, but also by drastically reducing the costs of health insurance for tens of millions of Americans with pre-existing
The Affordable Care Act (ACA) is a federal statute signed into law in 2010, that is designed to increase access to health insurance, expand Medicaid eligibility, subsidize health insurance premiums, and provide incentives for businesses to provide health care beneﬁts (Marco et al., 2012). ACA is a law that levels the playing field for all American to have access to health insurance. The ACA’s contributions are as following:
A. The Affordable Care Act (ACA), also known as The Patient Protection and Affordable Care Act (PPACA), was created in 2010 under the President Obama administration. It is designed to reform the current healthcare system by offering more health insurance options at affordable rates. The reform aims to provide individuals with more health insurance options, alleviate out of pocket costs, and prevent gender discrimination. The basis of providing millions of Americans with quality health insurance options greatly benefits a majority of individuals. Although the ACA has some positive aspects, we believe the act should be repealed and redone to benefit business and consumers alike.
The Affordable Health Care Act is flawed in numerous ways. The premiums are higher than they anticipated them to be. They tried to make it to where everyone would pay the same amount, however it is more expensive to do this. That reason is people that are very sick are in the same health care plan as people that are healthy, and they never visit the doctor. So, healthy people are paying the costs for sick people to go to the doctor. These rates raise each year, because health care keeps increasing as more people become ill (Taylor, 2012).
The Affordable Care Act is also called Obamacare. It is also called Obamacare because it passed under the administration of Barack Obama. The ACA speaks for the most significant reform of the health care system since Medicare and Medicaid. Obama’s goal of the ACA was to reduce the amount of Americans that did not have insurance. He also wanted to reduce the overall cost of health care visits.
Before the Affordable Care Act, if you were to make a mistake on your insurance application or information. It’s possible to have your health care taken away, declared invalid from the initial day your plan started, or asked to pay back money for medical care if any. This is now illegal for health insurance companies to do. Ending lifetime and yearly limits for essential benefits on your health insurance plan was also a major part of the improvement in quality in health care, created by the Affordable Care Act. Now insurance companies can’t set a dollar or yearly dollar amount for essential health benefits while on a plan. The Affordable Care Act greatly improved the quality of health care in the United
On March 23, 2010, the former President signed a law called the Affordable Health Care Act, also known to everyone as ObamaCare. The Affordable Care Act didn’t happen until January 1, 2014. The goal for the Affordable Health Care Act was: expanding coverage, hold insurance companies accountable, lower health care costs, guarantee more choices, and enhance the quality of care for all Americans.
The Affordable Care Act has been the topic of many debates and conversations since it was first come about by President Barack Obama. For a long time, I had really no interest in the bill or the essence of the law, that is until my husband took a job that did not offer insurance and we had to look for our own plan. This is the first time we have gone without insurance in our life’s; it is a scary and overwhelming feeling knowing that we are not protected. I can only imagine how other families are feeling in this position. The Affordable Care Act or ACA or Obamacare is not really up for discussion anymore, that is until the November 2016 election. The situation is that the United States of America is the only industrialized nation that has failed