The Patient Protection and Affordable Care Act of 2010 was put in place to provide Americans with a reasonably priced and cost effective health care system by designing an insurance system that put low costs in place and expands coverage. Also known as Obamacare, this new healthcare system could actively effect the economy we live in today in many different aspects, both positively and negatively.
On a positive note, the Affordable Care Act can affect our nation in a beneficial and convenient way. The ACA will help expand the number of citizens in America with healthcare insurance. In an article by Ezra Klein, a Washington Post journalist, she discusses the positive effects of the Affordable Care Act on our nation's economy. As mentioned in the article, Obamacare will have a definite effect on lowering the amount of people without healthcare in the United States. The Congressional Budget Office(CBO) suggests and estimates that by 2022, there will be thirty-three million more Americans with healthcare, who without the Affordable Care Act in place, would be at loss of health insurance(Klein, “11 Facts about the Affordable Care Act”).
Additionally, the Affordable Care Act will also help save Americans a large sum of money accumulatively with the benefit of having lower healthcare costs. In Jason Furman's economic research regarding the ACA, he has concluded a few points that could positively affect the workforce and economy as a whole. He concludes that with the lower healthcare costs, employers will have the benefit of a surplus of money as a result of the lower healthcare costs. With this plethora of money, these employers can use their capital for the purpose of employing an extra employee or two if necessary, or paying their c...
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...at Doctors May Not Know About Obamacare – And What They Need to Know. It was shown in a study that in some physicians offices, their annual salaries could decrease as to much as seventy five percent of what they were making before; a substantial decrease in their pay. Although more patients will come in as a result of the act being passed, the costs will be much less and result in a loss of income. Along with private practices, the Patient Protection and Affordable Care Act will affect hospitals all across the country. Hospitals nationwide agreed with the government after the ACA was passed to accept one hundred fifty five billion dollars in cuts over the next ten years(Naether,“What Doctors May Not Know About Obamacare – And What They Need to Know”). The reason for all of this is because, for Obamacare to succeed, it is a necessity for doctors to earn net less.
The Affordable Care Act (ACA) was enacted in 2010 and was designed to insure millions of people, who did not have health insurance, reduce out-of-pocket expenses for families and reduce costs for small businesses. In essences, when enrollment opens in 2013, the ACA law will target the 42 million Americans that according to a Census Bureau Survey are uninsured (Klein, 2014). Indeed, Obama Care from a utilitarian point of view is a huge improvement in medical services to a larger proportion of the population, that prior to this law did not have insurance available to them, including improved availability of health care services and reigning in out of control insurance companies.
The Affordable Care Act or “Obamacare” was designed to assure that all Americans regardless of health status have access to affordable health insurance. The Affordable Car Act was signed into law March 23, 2010. The primary goal of this act was to decrease barriers for obtaining health care coverage and allow Americans to access needed health care services (Affordable Care Act Summary, n.d). After the legislation is fully implemented in 2014, all Americans will be required to have health insurance through their employer, a public program such as Medicaid and/or Medicare or by purchasing insurance through the health insurance marketplace exchange (Affordable Care Act Summary, n.d). I will identify three parts of The Affordable Care Act that I believe are important. First, I will talk about the requirement that insurance companies are no longer able to deny coverage to individuals with pre-existing conditions. Secondly, I will explain why physician payments are being shifted to value over volume. Lastly, I will discuss Medicaid expansion and why some states are not expanding at all.
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. Although the Affordable Care Act does potentially have some positive effects to it, like bringing affordable health insurance to uninsured Americans; the Act does also have
Whether we are in favor or opposed to the Affordable Care Act, it is important that we consider how it affects us and the world surrounding us. First of all, I find useful to mention what the Affordable Care Act (also known as ObamaCare) is and how it differs from any other healthcare acts. The Affordable Care Act provides Americans with health security by putting in place health insurance reforms that are supposed to expand coverage, hold insurance companies accountable, guarantee more choices to choose from, lower healthcare costs, and eventually enhance the quality of care for all Americans. It differs from other healthcare insurances because patients with pre-existing conditions can now be eligible to receive treatment and prevention of further illness.
Healthcare has been a topic of discussion with the majority of the country. Issues with insurance coverage, rising costs, limited options to gain coverage, and the quality of healthcare have become concerns for law makers, healthcare providers and the general public. Some of those concerns were alleviated with the passing of the Affordable Care Act, but new concerns have developed with problems that have occurred in the implementation of the new law. The main concerns of the country are if the Affordable Care Act will be able to overcome the issues that plagued the old healthcare system, the cost of the program, and how will the new law affect the quality of the health delivery system.
The Affordable Care Act benefits to reconstruct the healthcare system by giving more Americans access to superiority, reasonable health insurance and supports to curtail the growth of healthcare spending in the U.S. People with health insurance will have access to a number of new benefits, privileges, and defenses which ensure that they can get treatment when they need it. This helps over 32 million Americans afford health care who could not get it before. It not only helps the consumers but also our budget and economy on a more stable path by reducing the discrepancy by more than $100 billion over the next ten years. Since there are millions of people with health insurance, it will also increase the demand of healthcare provider as more jobs will be open which will help our economy (Mowrey, 2013).
The Affordable Care Act (ACA) is a federal that was signed into law by President Barack Obama on March 23, 2010 to systematically improve, reform, and structure the healthcare system. The ACA’s ultimate goal is to promote the health outcomes of an individual by reducing costs. Previously known as the Patient Protection and Affordable Care Act, the ACA was established in order to increase the superiority, accessibility, and affordability of health insurance. President Obama has indicated the ACA is fully paid for and by staying under the original $900 billion dollar budget; it will be able to provide around 94% of Americans with coverage. In addition, the ACA has implemented that implemented that insurance companies can no longer deny c...
The Affordable Care Act, better known as Obama Care, was signed into law under President Barak Obama in order to reform the heath care system on March 23, 2010. The goal of the ACA is to give Americans access to affordable, quality health insurance. The biggest benefit of the ACA is that it lowers overall health care costs. It does this by providing insurance for millions and making preventitive care free. Insurance companies can longer deny coverage for pre-existing conditions, it eliminates lifetime and annual coverage limits, and children can stay on their parents' health insurance plans up to age 26.
This paper explores five published articles about the Affordable Care Act including an analysis on the overall impact on healthcare professions. This research will summarize the ten content areas of the Affordable Care Act and also provide an opinion on the overall outcome for everyone, and throughout the paper the results will vary based on the author’s belief about the new law. Other articles will discuss the purpose of the Affordable Care Act and the changes that can occur and affect millions of people’s life status and career. Overall, this paper examines the Affordable Care Act, Patient Protection and Affordable Care Act, Fontenot, and Cutler’s research. To fully understand the importance of the Affordable Care Act a study must first be accomplished.
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...
Throughout the years, there have been many individuals and families who have not been able to afford healthcare. Some programs have helped to provide for those in need, but they have not provided to all needy citizens. In an effort to provide more people with the healthcare and insurance they truly need, the United States government has developed the Affordable Care Act. The act’s purpose is to expand Medicare, which was originally developed to provide for the elderly and the disabled, to those who are not disabled but are in times of financial hardship. The Affordable Care Act was originally developed to ensure healthcare to all individuals who could not afford it on their own. It would seem that the increase in the number of patients would benefit hospitals, but this act does the opposite of its intended outcome. There are more patients visiting the hospitals, but the act lowers the costs of their medical bills, which in turn decreases the hospitals’ incomes. This decreased source of income causes both the patients and the employees to find new solutions to the increased amount of issues that they now endure.
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.
Patient Protection and Affordable Care Act, also called “Obamacare”, was enacted into law, signed by President Obama, on March 23, 2010. Since then, it has been a much debated topic in our country. According to realclearpolitics.com, only 38.2% of Americans approve of the law and 51% disapprove. Obamacare has a lot of provisions and features in the bill has been implemented since the bill has been enacted that will affect the U.S. economy and society.
However, they fail to take into consideration countless studies that have proven their arguments wrong countless times. A study published by the Congressional Budget Office estimates that from 2013-2022 the deficit will fall by $200 Billion. In terms of healthcare costs, the naysayers are wrong again. In a study by the US Department of Health and Human Services, the authors show that anti-fraud efforts by the bill save $1.8 Billion in 2015 alone. And finally, the law's detractors are also wrong about the burdens on businesses. Small business owner Gene Marks points out that in his column in the Huffington Post that since the ACA will stabilize healthcare costs, previously subject to 15-20% increases, that budgeting will become far easier, reducing a colossal headache for business owners. While opponents of this law have some concerns about its impacts, their fears, as the data shows, are not based in fact, but in fiction. An objective look at the data will show that the ACA will expand access to health insurance, and reduce burdens and costs for
In March 2010, the future of health care system in United States changed when The Affordable Care Act (ACA) (most popularly known as Obama Care) was approved. The law expands quality Health Care to more than ten million of previously uninsured people in United States. The Health Care law opens the door for access to care, more affordable to the cost of illness and the possibilities to get the care needed for citizens to be healthy.