In 2010, President Obama signed into law the Affordable Care Act in order to bring reform to the current healthcare system. The law was designed to provide healthcare coverage for people that did not have access to healthcare, improve the quality of the types of healthcare provided, and contain costs (HHS, 2014). Some of the features of the law are:
The Affordable Care Act (ACA) or ObamaCare as it is widely known, has been a controversial political debate since day one. The Republicans have tried over 50 times to repeal it, to no avail. Like any other bill, there are good sides and negative consequences to it. People can go to healthcare.gov to sign up for insurance under the ACA. There is a plethora of information on the site about what should be covered, who has to participate, who can be exempt, where to get healthcare, why you should have insurance, and how to get it, along with a lot of other information under the Topic selection at the top of the screen. While there is a lot to go through and understand, the ACA still remains widely misunderstood for millions of Americans.
Above all, if all states have decide to follow through ObamaCare's Medicaid Expansion they will conjointly pay $76 billion to insure up to 21.3 Million individuals who don't have access to health insurance for over the next decade. Regardless of what state, the federal government will help pay for 93% of the state cost of healthcare. Medicaid Expansion is a great way to help families below the federal poverty line get insurance and stay healthy. Without it, they will fall between the cracks forcing them to use Obamacare. In that case, it is projected to drive up cost of insurance for Americans.
Obamacare is a healthcare program developed in the United States and introduced to Congress in September of 2009 with a goal of creating affordable health insurance for all or most Americans. One of the main points was to reduce health care spending within the United States and expand the availability of private and public health insurance. Although it does not control individuals’ health care, it offers numerous protections for American citizens, some of which include; permitting adults to stay covered on their health insurance plans until the age of twenty-six, prevent insurance agencies from misconduct and releasing clients who are ill, as well as doing away with limits which include annual and lifetime options (Obamacare Facts). In addition to requiring insurance companies to cover people with preexisting illnesses it also provides essential health benefits such as the right to emergency care, hospitalization, counseling and screenings for potential illnesses (Obamacare Facts).
On March 23rd, 2010 President Brock Obama signed a law called the Affordable Care Act the law was upheld in the Supreme Court on June 28th, 2012. What is the Affordable Care Act and why is it so important to American’s? The Affordable Care Act is a new healthcare reform law in the United States that is nick named Obamacare. The Affordable Care Act is a complex piece of legislation it attempts to help our healthcare system and provides Americans with affordable
The standard federal match rates will continue to apply for the benefit costs of all other Medicaid enrollees, including individuals entering Medicaid as a result of the streamlined, simplified processes for applications, eligibility determinations, and renewals required under CMS rules. In the beginning the ACA Medicaid eligibility expansion was mandatory for states. If a state failed to implement the expansion, it faced the possible loss of all federal Medicaid funding – effectively making it an offer the states could not refuse. However, in NFIB v. Sebelius, the U.S. Supreme Court ruled that Congress could not coerce states into expanding Medicaid. As a result, the ACA Medicaid eligibility expansion is now optional for each state. States have received official guidance from CMS, including revised ACA regulations
The Patient Protection and Affordable Care Act (ACA) legislation passed in 2010 supported changes to private and public market places for patients, providers and health insurers most noticeably through expanded health insurance availability. A key piece of the legislation included a significant expansion to the Medicaid program to include all individuals with incomes below 138 percent of the Federal Poverty Level (FPL) (Hahn & Sheingold, 2013). Initially, if accepted within the state, the expansion is fully paid for by the federal government and progressively through 2020, 10 percent of the Medicaid spending is a responsibility for the state to fund. As part of continuing to receive any federal
According to (Blumberg, Buettgenst and Holahan, 2016) “29.8 million people would lose their health insurance, more than doubling the people without health insurance, if the repeal were to pass through congress. 1.2 million jobs would be lost, not just in health care, but across the board”. 140 billion will be lost in federal funding for health care in the upcoming year (Ku, Steinmetz, Brantley, p.2). The repeal would not only overhaul Medicaid, but cut spending costs $772 billion over the next ten years, leaving twenty-four million Americans uninsured by 2021 (Jacobson, 2017). The possibility of insurance companies raising premiums or refusing to insure certain people due to their costly preexisting conditions, like they formerly could before Obamacare was enacted, is a potential threat. If the pre-existing conditions provision is repealed, 52 million Americans could be at risk of being denied coverage in the future (Jacobson, p.4). Trump’s repeal would impact Medicare as well by increasing premiums and payments for services, reverse efforts to fill Medicare Part D gaps, and ultimately end preventive services that are provided free to patients (Jacobson, 2017). Raised revenue from the ACA will also be lost if the law is
According to Medicaid.gov (n/a) the Affordable Care Act (ACA) is a health reform that was established to better health care security for all Americans, it includes expanding coverage, holds insurance companies accountable, lowers health care costs, guarantees more choices, and enhances the quality of care for all Americans. The ACA is to help provide quality health care at a low price for those who struggle financially. Many Americans cannot afford health coverage, or their jobs do not provide coverage, therefore causing them to live without insurance then being penalized at the end of the year for not being covered. The ACA allows more Americans to have easier access to health insurance, saving them from paying a penalty. The ACA provisions
In 2010 a law was passed that made Medicaid health insurance available to millions of low-income American households. This law named The Affordable Care Act was created to decrease the price of health insurance, allowing low-income Americans the opportunity to be covered by Medicaid. The Affordable Care Act also was meant to give better health care options and quality to Americans. The Affordable Care Act is more colloquially known as Obama Care because it was President Barack Obama who signed and passed the law in March of 2010.
The Affordable Healthcare Act is defined as a health security by giving health insurance to the people that will expand coverage, lower healthcare costs, and enhance the quality of care for all Americans (What is ObamaCare). It improves insurance coverage by expanding Medicaid and by setting up exchanges on which people can purchase policies while receiving income-based subsidies to help cover costs. The Affordable Healthcare Act aids working mothers, retired men and woman, young adults and all working people by providing different healthcare in order to benefit the individual (C.H. 2014).
...ple less than or equal to 133% of the FPL, starting 2014 eligibility will be expanded to people that are 138% or les of the FPL. Also the expansion will cover more parents and expand to adults who are childless. Fore states that choose to accept the expansion this means that they will have to cover more individuals in their Medicaid programs. The government will provide 100% funding for the first 3 years of the Medicaid expansion; thereafter the states will have to figure out how they will fund the program with the absence of federal funding. The stipulation with expanding Medicaid that after the three years are up the state cannot modify the program to not cover the expanding individuals. States that in financial ruins before the ACA, now with the expansion they will need to find alternative ways that will serve the same purpose as Medicaid in order to lower cost.
The Affordable Care Act (ACA) is a healthcare reform passed by the 111th Congress and signed into law by former President Obama in March 2010. This healthcare reform expanded Medicaid coverage and Children Health Insurance programs to millions of low income and uninsured families in the United States. It also helped to remove denial of coverage indications due to preexisting conditions. When healthcare professionals work together to coordinate patient care practices, the results are a higher quality of care and lower cost to patients ("The Affordable Care Act: Helping Providers Help Patients," n.d.). The ACA has partnered with Centers for Medicare and Medicaid Services to obtain support and resources to achieve this goal ("The Affordable
The individual mandate and the Affordable Care Act, also known as “Obamacare”, is the idea that citizens should be required to have health insurance or otherwise pay a certain penalty. The Affordable Care Act essentially is the ability for all Americans to be able to afford health insurance. “One goal of the ACA, often referred to as the Affordable Care Act…is to bring down the costs of health care and make it available to more people.” (Will the Affordable Care Act improve health care in the United States?). The ACA was signed into law in March 2010 and currently ongoing.
In North Carolina there’s over 499,178 residents receive their coverage with help of Affordable Care Acts subsidies. Many families receive support to cover cost-sharing, such as co-payments. The loss of this combined support will cost each recipient an average of $6,943 in 2019. Medicare recipients benefit from lower prescription drug costs thanks to Affordable Care Act. The cost of elimination of this price protection would cost Medicare recipients an average of $1,013 a month.