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
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 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
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 current health care system is complex and constantly changing. The health care reform have been an ongoing debate since the establishment of Medicare and Medicaid and will continue in the future of the PPACA. In addition, the implementation of the PPACA will face more challenge as it relate to laws and the economics. So although, the PPACA have made some progress, it also have years of work to overcome some of the
HIPAA is the acronym for the Health Insurance Portability and Accountability Act that was passed by Congress in 1996. the portion of HIPAA addressing the ability to retain health coverage is actually overseen by the California Department of Insurance and the California Department of Managed Health Care. The initial two titles of HIPPA are: Title I secures medical coverage scope for laborers and their families when they change or lose their employments. Second Title II known as the Administrative Simplification arrangements, requires the foundation of national measures for electronic human services exchanges and national identifiers for suppliers, medical coverage arrangements, and managers. HIPAA 's underlying object was to guarantee and enhance the coherence of medical coverage scope for laborers evolving employments.
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
My Research Paper is about the Obamacare also known as the Affordable Care Act (A.C.A.). Its name comes from our 44th President, Barack Obama. It is a health insurance plan providing affordable health care to millions. It has improved the quality of the health care and health insurance. President Obama signed the A.C.A. into law on March 23, 2010.
What Obamacare stands for wasn’t some average healthcare plan, it was a solution to a growing problem of people that did not have any access to affordable healthcare. Obamacare is known in two parts: The Patient Protection Act and the Affordable Care Act (PPACA). The Affordable Care Act was signed into law on march 24th, 2010
In addition, the ACA is already helping millions of Americans to access affordable and quality health care. A couple weeks before the debate each member of the team selected the provisions of the ACA that she thought it was important. The key components of the ACA that we chose were individual mandate, guaranteed issue, free preventive health care, coverage of services for mental health, behavioral health and substance abuse disorders, Medicaid, Medicare and health insurance options for children. My parts were free preventive health care and coverage for people with the pre-existing
.” 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.
According to the Kaiser Family Foundation, there are currently 3 million Americans in the coverage gap; there is a substantial number of Americans the Act does not address. The Affordable Care Act, as with any major legislative action, has its advocates and viewpoints. Supporters of the Affordable Care Act point out that the Act allowed Americans, who would not be able to afford health insurance without federal assistance, to purchase affordable health insurance. Through coercion, the Act has decreased the number of uninsured; nonetheless, a minority of Americans have benefitted from federal subsidies whilst the vast majority of Americans have endured a great deal of suffering. Another alleged consequence of the Affordable Care Act is the improved quality of care-- a major fallacy.
Twenty million people have health care since Obamacare started on March 23, 2010 that didn’t have health insurance before. Since the first five years of Obamacare has happened the amount of savings for prescriptions is over fifteen billion dollars (Roland, The Pros and Cons of Obamacare). The fifteen billion plus dollars in savings has helped more afford those prescriptions and drugs. They’re many stories of how Obamacare helped save people's lives.
Governor John Bel Edwards of Louisiana enacted an executive order on January 14 to expand Medicaid through Obamacare in the state. The order will be effective July 1, 2016. Obamacare, also known as Affordable Care Act (ACA), is a healthcare reform law that aims to care for the health of U.S. citizens. More specifically, this law helps lower-income family access an affordable health care through taxes. Barack Obama made it his primary objective to pass this healthcare reform law, and signed it on March 23, 2010.
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.
