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.
One of the author’s reasoning for how taking away ACA would affect Medicaid is back in 2016 legislation tried to step away from it, but former President Barack Obama repealed it because could eventually affect the lives of millions of people. The authors also cover how ACA changed Medicaid for the better, for example creating a program for just children’s coverage, inventing a new method to determine eligibility, and even creating new benefit options for families and small businesses. The author describes how the new Presidential administration can repeal or alter Medicaid through Section 1115. The authors main argument is that by repealing ACA would eliminate the Medicaid system which in turn will allow millions of people to be
The fourth observation from reviewing Indiana’s financial report is it is expanding state funded health care, primarily Medicaid. Medicaid has a staggering impact on Indiana’s financial statements. In 2016, “the largest portion of the State’s expenses is for Welfare which is $14.3 billion or 44.4% of total expenses” (14). Medicaid was the primary expense under welfare, totaling $10.6 billion in 2016 (14). In 2015, 44.8% of total expenses were welfare related (Indiana 2015 Comprehensive Annual Financial Report 14); however, Medicaid costs in 2016 were $9.2 billion resulting in a 15.2% cost increase.
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 Affordable Care Act or “Obamacare” has constituted one of the most important topics since its implementation in 2010. Since 2010, the fate of the Patient Protection and Affordable Care Act (ACA) has been uncertain. The ACA was a historic achievement for the Obama administration and Congressional Democrats. But it passed Congress without a single Republican vote, and the GOP subsequently mounted legal and legislative challenges to Obamacare, vowing to repeal and replace it. (Oberlander, 2012, p.2165).
A which was a hospital insurance coverage and Medicare part B which was an optional insurance that you paid separately. Medicaid provides medical service for a particular individuals and those of low income family. Oversight of Medicaid is mostly done at the federal level, but each individual state establishes its own particular standards, sets payment for services and will
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.
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, (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
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,
The Affordable Care Act “provides Americans with better health security putting in place comprehensive health insurance reforms that will; expand coverage, hold insurance companies accountable, lower health care costs, guarantee more choice, and enhance the quality of care for all Americans” states in the Affordable Care Act article. The base of the Affordable Care Act is to help the middle class or financially unstable people get cost effective insurance. This is a major benefit for millions of people especially that don’t have a stable job, young adults and many with families to support, and people who retire and can’t afford paying so much money for medical problems. So with that being said, it will be a long-term benefit for millions to
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 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
Healthcare in the United States is in desperate need of reform. There are several rationales to further explain this proposition. As an illustration, the Declaration of Independence states our unalienable rights: life, liberty and the pursuit of happiness. In other words, every individual should be entitled to healthcare as it preserves life and promotes the general welfare. The federal government should, therefore, enact a program of universal health to better protect and serve all of its citizens.
CMS applies the new technology to focus on fraud detection and provider enrollment (Ted Doolittle, 2010). The recent Time magazine (2016) report on an arrest of 275 people nationwide of a crackdown on Medicaid and Medicare fraud seems to explain a progress on implementing the new legislation. As the implementation runs in a slow speed and many flaws have been found by Office of Inspector General (Muchmore, 2016), Lawmakers question the CMS performance and suggest a reform Base on Medicaid data (CMS, 2016), since 2013, Medicaid enrollment has increased 25 percent with the implement of the Affordable Care Act (ACA) in 2010. Under the ACA, new eligibility requirements allow individuals who make less than $16,000 to enroll in government-sponsored health insurance without using asset test, which was previously used to determine eligibility in regular Medicaid; thus,
