The Affordable Care Act (Obamacare)
On March 23, 2010, the Patient Protection and Affordable Care Act (PPACA) was officially signed into law. To some it is more commonly known as Obamacare. 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. This change to health care has led to a major impact on businesses. 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. For example, young adults can stay on parent’s plans until the age of 26. It also helps to prevent against discrimination according to things like gender and pre-existing medical conditions. Obamacare itself does not replace your current insurance, or Medicare, or Medicaid. It rather regulates health insurance from faulty practices.
Now, how does Obamacare affect businesses? To start we will take a look at the negatives. Some economists fear that over time it may inhibit employment and employment growth. It is not supposed to affect small businesses with less than 50 employees. However, what this means is that these small businesses could well be hesitant to expand over that magic number of 50. This hesitation could lead to the stunting of job growth that economists fear. An example of this was when Darden Restaurants, who own Red Lobster among other chains, announced they would start scaling back employment fr...
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...lions of Americans will now have access to affordable healthcare insurance. The number of uninsured Americans is expected to decrease due to cheaper policy rates. Also, young adults, up to the age of 26, can stay on their parent’s plans as previously stated earlier on. Obamacare also says that insurance companies also cannot discriminate against patients with pre-existing medical conditions which is a plus for those such people.
Now to get into the business aspect of how Obamacare affects businesses positively. Currently, insurance companies are required to pay for certain preventative services. These include but are not limited to mammograms, and colonoscopies. What this means is that the government may come in and intervene by saying that they must invest more money into preventative procedures regarding biotechnology or newer vaccines. How is this a positive?
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.
One of the most controversial topics in the United States in recent years has been the route which should be undertaken in overhauling the healthcare system for the millions of Americans who are currently uninsured. It is important to note that the goal of the Affordable Care Act is to make healthcare affordable; it provides low-cost, government-subsidized insurance options through the State Health Insurance Marketplace (Amadeo 1). Our current president, Barack Obama, made it one of his goals to bring healthcare to all Americans through the Patient Protection and Affordable Care Act of 2010. This plan, which has been termed “Obamacare”, has come under scrutiny from many Americans, but has also received a large amount of support in turn for a variety of reasons. Some of these reasons include a decrease in insurance discrimination on the basis of health or gender and affordable healthcare coverage for the millions of uninsured. The opposition to this act has cited increased costs and debt accumulation, a reduction in employer healthcare coverage options, as well as a penalization of those already using private healthcare insurance.
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.
Obamacare is necessary in America because it calls for all citizens to have health insurance. To understand Obamacare, health insurance, in general, must be understood. It can be defined as “coverage for medicine, visits to the doctor or emergency room, hospital stays, and other medical expenses” (health). Every insurance policy is different; different plans call for different coverage, different co-payments, and different treatment options according to Investor Words. However, until the Obamacare law was passed, millions of Americans were uninsured. In summary, Obamacare mandates that all Americans have health insurance while offering the in...
Obamacare has been very detrimental to the national economy. People just don't like paying taxes. PERIOD! WIth obama's health care system it forces everyone to have insurance and who pays for it? Tax payers. Instead of putting it into the betterment of society like infrastructure or education it goes to old people who don't deserve it or the poor. My taxes should not go to the poor they should stop being lazy and doing drugs. Because of obamacare insurance rates have skyrocketed, the middle class , THE HARD WORKERS! Have to pay because of other people's incompetence. Insurance is a money making industry and this “affordable care act:” the mere tittle is contradicting to what they did.
The biggest advantage of Obamacare seems to be the lower overall health costs. It is said to do this by providing insurance for millions of Americans and making the care that prevents serious
Affordable health care law or Patient Protection and Affordable Care Act (PPACA) is the novel commandment that touches the practice of public health or community health nursing. PPACA, also known as the Affordable Care Act, (ACA) is a united State federal decree signed into law by President Barack Obama on March 23, 2010. The ACA proposal emphasizes three foremost approaches: 1). Dropping costs and increasing productivity so the organization works. 2). Proposing inexpensive, manageable coverage for everybody. 3). Accentuating deterrence agendas in the public health setting (Anderson, K. 2009).
We are the wealthiest country yet we don’t have free universal health coverage. The insurance companies are attempting to manage cost through price controls and we’re still having to pay out of pocket for a lot of the expenses. Personally I think that The Obama Care (and the Affordable Care Act) will have little to no effect on me until maybe later in life because the insurance I have works great for me. I do have to meet my deductible every year, and it depends on which doctor I go to if I have a copay or
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.
ObamaCare, also known as the Patient Protection and Affordable Care Act, is a Health care reform law that was signed on March 23, 2010. ObamaCare’s goal is to provide more Americans with affordable health care insurance. ObamaCare also hopes to improve the quality of healthcare and health insurance in America, regulate the healthcare industry, and reduce the cost of healthcare in the United States. ObamaCare is made up of ten titles; I: Quality, Affordable Healthcare for all United State Citizens, II: The Role of Public Programs, III: Improving the Quality and Efficiency of Healthcare, IV: Prevention of Chronic Disease and Improving Public Health, V: Healthcare Workforce, VI: Transparency and Program Integrity, VII: Improving Access to Innovative Medical Therapies, VIII: Community Living Assistance Services and Supports Act (CLASS Act), IX: Revenue Provisions, and X: Reauthorization of the Indian Health Care Improvement Act.
Patient Protection and Affordable Care Act (PPACA) is a U.S. federal law passed by President Obama in March 2010. Under this act physicians and hospitals was to transform their practices financially, clinically to produce better health results, and lower health costs. The ultimate goal for PPACA was to change and improve the existing health care insurance industry, expand coverage and access to care, improve the quality of the health care delivery system, and control the cost and start new revenue sources to pay for PPACA initiatives. There are three main departments that regulate PPACA such the Internal Revenue Services, the Department of Labor, and the Department of Health and Human Services.
Obamacare, otherwise known as the ACA (Aaffordable Ccare Aact), will significantly change major aspects of theour health care system here in America. Without a doubt, our current system has its issues, especially the costs related to health insurance and medical care were rising far too quickly (Pattron, 2013). Some may believe chainsaws have been called in to fix issues that could possibly be fixed with a mere scalpel. In spite of everything, typically, our health care system contained many more strengths than weaknesses. Considering the number of patients that have come from various countries to seek medical care in the U.S., the entire world sincerely agrees. However, despite the many strengths, changes have and will arrive that will affect all who seek medical care in the U.S.
Patient Protection and Affordable Care Act is the real title of the bill, enacted in 2009. It is far better known as The Affordable Care Act or Obamacare. This bill represents the biggest revolution and improvement, or at least an attempt towards it, in the health care of the United States of America since the passage of Medicaid and Medicare in 1965. The main purpose of the ACA implementation was, as the bill states in its title, to make: ˝ Quality, Affordable Health Care for All Americans˝ possible. Before the ObamaCare, there were millions of American who were uninsured, or had poor quality insurance plan. On the other hand those who did have health care coverage, even the decent one, we left on their own when insurance companies abused their trust and deprived them of their rights. That was the reason why the government and the President Obama, hoped to increase the quality and make the health insurance more affordable. The idea was to lower uninsured rate by firstly increasing the extent of public and also private coverage, and then secondly, to minimise the costs of health care for both individuals and the government.
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.