Health care reform is a law passed by Congress that was designed to provide greater access to health care. While the government played a large role by passing the law and will play a role in running the Health Insurance Marketplace, the law says that individuals, employers, doctors and hospitals all have a role to play. Us, as individuals have to be insured in 2014. If you are not insured by the year 2014 you will have to pay an annual tax of either 1% of your income or $95 dollars whichever is larger, when you file taxes the following year. If you are not insured by the year 2017 this tax will increase to be 2.5% of your income of $695 whichever is larger.
THE CIRSIS AND THE NEED TO REFORM HEALTH CARE. HOW WILL THIS AFFECT THE MARKET? The patient protection and affordable care act, PPACA, more commonly referred to as “Obama care”, signed by Obama in 2010, is a health care system that requires insurance companies to cover all applicants and offer the same rates regardless of pre-exiting conditions or gender, amongst other benefits (wiki). There are many pros and cons to this new health care reform that has people rebelling against it while others are begging towards a healthy future. After doing research, I found that in 2014, with Obama care, millions of Americans will have access to reliable, high quality medical care, protecting patients from insurance abuse, and giving our people a better, healthier tomorrow.
According to information released by the Centers for Medicare and Medicaid Services, under the law, a new “Patient’s Bill of Rights” gives the American people the stability and flexibility they need to make informed choices about their health. The ACA expands the affordability, quality, and availability of private and public health insurance; consequently, while it does offer these benefits, there are critics that suggest Obamacare’s potential negative impact on future doctors is rising. Right now public insurance plans have been set up in the states to cover some people with preexisting conditions. Insurers are required to cover some adult children up to age 26 on their parents’ policies. Health insurance plans provide 100% coverage for preventative services.
Even though people might think the ACA will impact them negatively, there are facts that prove otherwise. In this paper, I will start with a brief background on the history of endeavors made by the United States to try to make health care affordable, followed by a Massachusetts law that laid the foundation for the ACA to become established. I will then move on to present how skewed the healthcare system is and how much minorities need this law. Then I will proceed to show how people with already employer-sponsored insurance would not be affected by the ACA. In addi... ... middle of paper ... .... PsycARTICLES.
In Trend Watch. Retrieved February 10, 2014, from http://www.aha.org/research/reports/tw/tw2003vol5no1.pdf The patient protection and affordable care act detailed summary. (n.d.). In Democratic policy and communication center. Retrieved February 9, 2014, from http://www.dpc.senate.gov/healthreformbill/healthbill04.pdf
(n.d.). NIMH RSS. Retrieved March 30, 2014, fromhttp://www.nimh.nih.gov/health/topics/autism-spectrum-disorders-pervasive-developmental-disorders/index.shtml?utm_source=rss_readers&utm_medium=rss&utm_campaign=rss_full Causes. (n.d.). Autism Society -.
(n.d.). Employee Benefits. Retrieved February 27, 2014, from http://www.howittins.com/HIPAA-health-insurance-act.php HIPAA Home. (n.d.). Elekta .
(n.d.). Retrieved April 14, 2014, from http://useconomy.about.com/od/healthcarereform/a/Obamacare-Pros-And-Cons.htm What are my preventive care benefits. (n.d.). Retrieved April 14, 2014, from https://www.healthcare.gov/what-are-my-preventive-care-benefits/
Some would argue good, some would argue bad. The changes and effects on the businesses will be discussed in the following essay. First, let’s start off by talking about what Obamacare actually is. As stated previously the goal of Obamacare is to give more Americans quality health insurance, and to reduce the growth in health care spending in the United States. It comes with a number of new benefits, rights, and protections.