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 …show more content…
The 80-20 Rule states that insurers have to pay eighty percent from the money they receive from premiums on actual healthcare, which means the customers receive a rebate. Also, the law requires companies to justify rate increases of over ten percent and cannot oppose limits on benefits. The insurers will lose the power to deny or recede coverage because of pre-existing health history. Taking away this power from insurance companies will ensure that more American citizens will be able to get and keep coverage. Most of the spending from the expansion of Medicaid was supposed to reduce the cost for providers who usually suffer from providing care for low-income uninsured Americans who are treated at expensive hospitals. Yet, this has not been the case in most situations. A controlled study proved that “Medicaid coverage generated no significant improvements in measured physical health outcomes in the first 2 years, but it did increase use of health care services, raise rates of diabetes detection and management, lower rates of depression, and reduce financial strain.” (The Oregon Experiment,
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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,
First, state taxpayers may experience rising healthcare costs disproportionate to other states (Mahan, 2). Without tailored federal assistance, health care costs may contribute to an unbalanced state budget that burdens the taxpayer. In order to account for this, states may be forced to eliminate certain programs, therefore, leaving some without coverage. Medicaid currently covers almost 70 million Americans, including one in three children, four in 10 births and 70 percent of nursing home residents (Kodjak, 2). With the implementation of block grants, especially without clear guidance and infrastructure, those currently covered by the Affordable Care Act could very well experience reduction or loss of their health coverage.
An estimate of 1 in every six Texans live under the poverty level; for children, it is approximately one in five. These statistics indicate that there is a huge problem with the uninsured, the numbers are just too high. If the health assistance was extended the health of these uninsured would improve by 7 to 8
The bill was aimed at the expanding of insurance coverage, the regulation of insurance companies, the creation of new healthcare programs, and form preventive care. Later this bill was proposed to the House of Representative and Senate, and was up for debate and voting. After differentiating opinions, the bill was later re-drafted and edited, and approved. The final version of the bill was passed by the House on March 21, 2010, and by the Senate on March 23, 2010. The bill was then signed into law by President Obama.
The Affordable Care Act: The Good, The Bad, and The Confusing Healthcare is important. Without it, people would not have the adequate means to acquire treatment for illness or injury. However, the United States does not have universal health care for everyone, nor is means of gaining healthcare affordable for all. To try to solve this problem, President Obama began working on healthcare reform almost immediately after assuming office in 2009.
A Second Look at the Affordable Care Act David E. Mann, ABA American Military University POLS210 Abstract Since the passing of the Patient Protection and Affordable Care Act (PPACA), twenty-eight states have either filed joint or individual lawsuits to strike down the PPACA. This document will examine a few key elements that the President of the United States must take into consideration when reviewing the act and moving forward to either ratify the act, replace the act, or leave the act as it is. Topics that will be presented will include; the current issues being debated, two competing thoughts on how to fix the ACA, an evaluation of the preferred solution, and finally the responsibility of each level of government. Patient
The Affordable Care Act is a health-care reform bill that was put in place by President Barack Obama in 2010, but is being reevaluated because of the election of President Donald Trump in 2017. In 2010, Barack Obama implemented his plan to make health-care more affordable for everyone in the United States, whereas this health-care bill was only made in order to assist people in poverty afford health-care. When originally passed, the Affordable Care Act was being passed to improve the quality of care being offered to patients on Medicaid. The original plan also included four different payment plans for insurance through the government. According to Tamara Thompson in the introduction of the anthology, The Affordable Care Act, the Affordable
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.
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 is a United States statue signed into law by President Obama in March of 2010. It represents the most significant improvement to the U.S. healthcare system since 1965 with the addition of Medicare and Medicaid. Also known and commonly referred to as Obamacare, it was enacted to increase the affordability and quality of health insurance, diminish the rate of the uninsured by expanding public and private insurance coverage while reducing the cost of healthcare for individuals and the government. This law will require Hospitals and doctors to reconstruct financial practices along side with technologically and clinically to advance better outcomes, reduce cost and improve methods of accessibility.
“Healthcare Reform 101,” written by Rick Panning (2014), is a wonderful article that describes, in an easy-to-understand language, the Patient Protection and Affordable Care Act, signed into law March 23, 2010. The main goal of the Patient Protection and Affordable Care Act was to provide affordable, quality healthcare to Americans while simultaneously reducing some of the country’s economic problems. Two areas will be covered throughout this paper. The first section will include a summary of the major points and highlights of Panning’s (2014) article, including an introduction to the ACA, goals of the signed legislation, provided coverage, and downfalls of the current healthcare system. The second part will be comprised of a professional
The Affordable Care Act was a health care act that was established by the federal government to expand and improves access to care and curb spending through regulations and taxes. Each state could decide to participate or not. The act was adopted as law by US Fisher02 President Barrack Obama in March 2010. The goal of this act was to reform the current health care in the United States.
The Affordable Care Act: Bad For Some, Great For Millions 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
The affordable care act should stay in effect because even though it may cost more, it regulates private insurance to get more rights and protection for each person. The Affordable Care Act's purpose was to help give access to affordable health coverage to those who are uninsured. Back in 2009, President Barack Obama said," So let there be no doubt: Health care reform cannot wait, it must not wait, and it will not
Obama Care also known as the Affordable Care Act signed in by president Barack Obama in 2010, This was to insure that all the Americans will have free access to medical care if they got sick and it would will help reduce the growth of healthcost spending in the country, hence in economic and stability growth among the citizens of America. 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.