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Aspects of the Affordable Care Act
Introduction to affordable care act
Introduction to affordable care act
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A family of four, making nearly $24,000 a year, is situated just above the national poverty line. Even though the family doesn't have health insurance, they are maintaining their current lifestyle. Now, this struggling family will have to come up with an extra 7,000 dollars annually to cover the health insurance being forced upon them by the government. The Affordable Care Act is punishing American citizens and it will not fulfill its purpose to lower the cost of health care for our country. Its poorly constructed plan is only a band-aid that is patching up a problem that will lead to more problems in the future.
Realistically, a family of four just above the poverty line wouldn't be able to afford health insurance even if they were getting some assistance from the government. The government's concern for people who are unable to afford health care is good, but pushing another expense on people is no way to solve their problem. Janet Trautwein the CEO of the National Association of Health Underwriters -- a company that specializes in health insurance suggest that “Health insurance is expensive because healthcare is expensive”. There is no way to lower the cost of health insurance the government can interfere all they want but it will not do anything but driving the cost of health insurance up.
Over the next year the cost of health insurance is going to go up. Why? That is simple. Insurance companies are going to have to accept everybody, no exceptions. Yes, that means if someone is dying and the hospital, medication, and any other health related bills start piling up they have to get health insurance and the insurance company is not going to be able to drop their plan or deny them coverage. Karen Springer a local insuranc...
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"Patient-Centered Outcomes Research Trust Fund Fee (IRC 4375, 4376 and 4377): Questions and Answers." Patient-Centered Outcomes Research Trust Fund Fee (IRC 4375, 4376 and 4377): Questions and Answers. N.p., 20 Sept. 2013. Web. 11 Jan. 2014.
Roizen, Michael, and Mehmet Oz. "The Affordable Care Act." Ocala Star - Banner Oct 22 2013. ProQuest. Web. 3 Jan. 2014 .
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Springer, Karen. Personal interview. 7 Jan. 2014.
Trautwein, Janet. "Why Affordable Care Act Makes Insurance More Costly." South Florida Sun - Sentinel Sep 26 2012.ProQuest. Web. 3 Jan. 2014 .
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This could be controversial, if older, sicker people who need the coverage most enter the market, but younger groups decline to do so. The insurance pool will be unbalanced and the cost of coverage will rise correspondingly. The process of choosing a health insurance provider should be more consumer friendly. People covered by their employer can clear their doubt about health insurance by conversing with the Human Resource department, whereas people who buy through marketplaces or health insurance exchanges, as in the case of ACA, may not have any resource to give further explanation.
Last year the average cost of an insurance policy for a family of four was $20,728.00 according to the Milliman Medical Index (2012 Milliman Medical Index, figure 1). The median household income for 2012 was $51,017.00 according to Steve Hargreaves for CNN Money (2013, para. 1). This means the average American spends almost 40.62 percent of health care premiums. This figure is simply too high to sustain. By comparison the median household income in 2005 was $67,019 according to the United States Census Bureau ( Median Income for 4-Person Families n.d.). The average cost of healthcare according to the Milliman Medical Index for 2005 was $12,214 which was only 18.22 percent. (2005 Milliman Medical Index, figure 1). The percentage Americans spend on health care has more than doubled since 2005. If we don't find a way to get the costs of providing health care under control, then this country cannot survive.
Ghosh, C. (2013). Affordable Care Act: Strategies to Tame the Future. Physician Executive, 39(6), 68-70.
Cooper, R. W., & Gardner, L. A. (2016). Extensive Changes and Major Challenges Encountered in Health Insurance Markets under the Affordable Care Act. Journal of Financial Service Professionals, 70(5), 53-71.
University of Wisconsin-Maddison. (2012). What does the affordable care act do for low income families? Retrieved from www.irp.wisc.edu/.../pdfs/FF15-2012.pdf
Luckily under the new health care reform law, most people will receive help paying for their healthcare premiums and cost-sharing expenses that people with insurance have to pay out of pocket for doctor visits, and prescription medicine. Families and individuals will be able to receive this assistance with incomes between one hundred and four hundred percent of the federal poverty line. One hundred to four hundred percent makes up at about $23,000 to $94,000 a year assume this is for a family of four.
Health Insurance is one of the nations top problems, the cost is rising for premiums, and many businesses just cannot afford it. As Americans many of us have the luxury of health insurance, but far too many of us have to go without it. This is something that always seems to brought up at congressional debates, but little is done about it. “In 2013 there were 41 million people reported with out health insurance coverage, this is too many considering those people probably were sick at some point through out the year, and they couldn’t afford treatment.” We need to find someway to make sure that every citizen of the United States is able to have affordable healthcare for themselves, and their families.
Health insurance comes as second nature to many of us. We grab that blue and white card and put it in our wallet and forget about it until we are sick or injured. When this happens, there it is, cushioning our fall like the extra padding it provided to cushion our wallets. This is not the case with everyone, however. Many Americans have no cushion to fall back on, no blue and white card to show the emergency room when they have an unexpected health concern. No HMO with a convenient co-pay amount when their son or daughter develops an ear infection.
Sahadi, Jeanne. "Health reform's tax bite." CNN Money. 30 Mar. 2012. Web. 7 Dec. 2013.
U.S. Census Bureau. 2012. “Poverty Thresholds by Size of Family and Number of Children” [Excel file].
The Affordable Care Act, more commonly known as Obamacare, is a new health policy created by the American federal government. Its purpose is to make healthcare more affordable and friendly for the people. Unfortunately in some way that does not prove to be the case. It is becoming apparent that Obama may have made some misleading statements to help get the ACA put into action. The ACA is sprinkled with many flaws that call for a reform such as people’s current plans being terminated, high costs, and at minimum some people’s hours being cut by their employers.
There is an ongoing debate on the topic of how to fix the health care system in America. Some believe that there should be a Single Payer system that ensures all health care costs are covered by the government, and the people that want a Public Option system believe that there should be no government interference with paying for individual’s health care costs. In 1993, President Bill Clinton introduced the Health Security Act. Its goal was to provide universal health care for America. There was a lot of controversy throughout the nation whether this Act was going in the right direction, and in 1994, the Act died. Since then there have been multiple other attempts to fix the health care situation, but those attempts have not succeeded. The Affordable Care Act was passed in the senate on December 24, 2009, and passed in the house on March 21, 2010. President Obama signed it into law on March 23 (Obamacare Facts). This indeed was a step forward to end the debate about health care, and began to establish the middle ground for people in America. In order for America to stay on track to rebuild the health care system, we need to keep going in the same direction and expand our horizons by keeping and adding on to the Affordable Care Act so every citizen is content.
“ObamaCare Facts: dispelling the myths.” ObamaCare: pros and cons of ObamaCare. N.p., n.d. Web. 13 May 2014.
The main advantage of the Affordable Care Act is that it lowers health care costs overall by making insurance affordable for more people. First, it wi...