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. One of many solutions to help families to be able to afford health care is public option. This is an alternative solution to affordable healthcare for all. This works by having a government-run healthcare program which are exclusively available to two groups that lack employer provided health insurance. This program is also available to low income families or individuals. This program is sold just like how private companies sell their insurance in a New Health Insurance Exchange. The system is designed so that private companies are not able to take advantage of customers and opening a wider range of choices to choose from. Keeping costs down and premiums low helps avoid the problem of losing customers. Public option is take on full effect by the end of 2013 and it will be a self-sustaining program that is able to run without government subsidies. Funds will come from the administrative cost that the subscribers pay on their premiums. As of right now, the government has provided two billion dollars to start up the program and should whatever reason the programs goes bankrupt, the house bill will ban a bailout. This can help save families a lot of money by paying lower cost for government own health care system. In other countr... ... middle of paper ... ...ty to all individuals and families below the 138% federal poverty line. As of right now, twenty five states have rejected this idea of medicaid expansion. By rejecting this proposal, this will leave many Americans uninsured and up the cost of private insurance and taxes. 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.
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Due to the Patient Protection and Affordable Care Act signed into law on March 23rd, 2010; health care in the US is presently in a state of much needed transition. As of 2008, 46 Million residents (15% of the population) were uninsured and 60% of residents had coverage from private insurers. 55% of those covered by private insurers received it through their employer and 5% paid for it directly. Federal programs covered 24% of Americans; 13% under Medicare and10% under Medicaid. (Squires, 2010)
The leadership’s decision not to expand Medicaid leaves between 300,000 and 400,000 South Carolinians without health insurance (South Carolina Medical Association, 2012). The stated intent of the Affordable Care Act, pejoratively dubbed “Obamacare” by its critics, was to put affordable health care within reach of more of the 40 million Americans who lacked health insurance. The law’s grand design included an assumption that states would expand their Medicaid programs, since the federal government would pay 100 percent of the expansion costs through 2016, and 90 percent thereafter. But in demonstrating its traditional mistrust of Washington’s promises, Columbia declined the offer and, in the process, left thousands of low-income workers without the means to obtain health coverage, either because they cannot afford the premiums or because their employers do not provide it. (Advisory Committee, 2013). Ironically, in a state where the median annual income is $44,600, South Carolina’s working poor earn too much money to qualify for Medicaid; however, they would be covered under the ACA model (Hailsmaier and Blasé, 2010).
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.
The article discusses heavily the study "Single -Payer/Medicare for all: An Economic Stimulus Plan for the Nation" by Don DeMoro. According to DeMoro’s study, a single payer system is affordable and costs less than bailing out the banking industry. And the effects of the healthcare system would include the creation of jobs, increased business and tax revenues, and improved healthcare in general.
...r the following year .According to Forbes , the government will spend $ 2 trillion to expand the traditional insurance coverage to about 30 million uninsured .The government for its part says that by repricing program for the insurance market , the Affordable Care Act has already saved consumers approximately one billion dollars.
...while bearing a portion of the costs, and the states’ ability to manipulate the program to obtain federal funds (Weil, 2003). The overwhelming increase in Medicaid costs are born by the states individually and reflect actual costs associated with growing eligible population that requires the services offered by Medicaid.
Considering there is no finalized legislative bill for a public option, I am not able to provide a truly accurate assessment of this issue. Hence, in this paper I evaluate a few likely scenarios. I argue in favor of adding a public option as part of a comprehensive healthcare reform. The U.S. healthcare is very complex and requires significant improvements to address key issues, such as healthcare spending. The addition of a public option can be beneficial if it is carefully constructed and coupled with other policies to ensure a more sustainable healthcare system.
Supreme Court have rule differently. The U.S. supreme court have ruled that states now have the choice to pull out of the Medicaid Expansion. Florida is one of the state that has not made a decision to expand Medicaid. “According to the U.S. Census Bureau, Florida has the second-highest uninsured rate in the country, with 24.3 percent of residents lacking health care in 2013” (Reilly, 2015). The causes of Medicaid expanding it to make health care more affordable for millions of American, and it makes the eligibility requirements more broad. Medicaid expansion would provide people without dependent children a chance to apply for benefits, and pregnant women. Some of the consequences of Florida not expanding its Medicaid include the cost of hospital bill falling on taxpayers, leaving a lot of people uninsured, and the state’s rate of uninsured would remain the same. The competing ideology forming around Medicaid expansion is that States are pressured into expanding because they stand to lose more money by not expanding, and it
This option would allow states to reinstate Title I of the ACA and continue to receive premium tax credits, cost-sharing subsidies and Medicaid funding from the federal government (Becker’s hospital review, 2017). As a result, low in residents would be eligible for federal subsidies to cover the cost of coverage (USA Today, 2017). Since its implementation, "20-plus million people now have healthcare...that didn't have it," said Sen. Bill Nelson (D-FL) (WTOK, 2017). As well, states that expanded Medicaid, a state-federal health program for the poor would be able to maintain that expansion (USA Today, 2017). To date, 32 states, including D.C., have expanded Medicaid, resulting in large enrollments into the Medicaid program, and The sharp declines in uninsured rates among the low-income population (Kaiser Family Foundation, 2017). However, even with the positive results yielded by the ACA, some states may desire to go a different
Although health insurance can be beneficial because providers get paid for the services they provide to the patient the insurance premiums and deductibles are in many instances way more than many families across the United States can afford. With these extremely high costs for insurance statics show that over 40 million families’ can’t afford or have access to needed health care systems. “It shows that one-fifth of Americans couldn 't afford one or more of these services: medical care, prescription medicines, mental health care, dental care, or eyeglasses (R...
Since Obama came into office in 2010 the people of the United States have dealt with an awful system of “health care.” I believe that eliminating Obamacare completely will cause the biggest change in our country. Obamacare was a federal law that was put in place to supposedly create easy access to health insurance for U.S. citizens of all race, sex, age, and economic status. The Affordable Care Act, as it is otherwise known as, had many flaws though. Our country needs help and one of the most effective ways to achieve this is by repealing Obamacare and ridding ourselves of the individual mandate, because no one should be required to pay for insurance if they do not want to or do have the funds for it, but would rather be buying food for their children.
In deciding whether to expand Medicaid eligibility under the Affordable Care Act (ACA), governors and state legislatures face a complex, politically and fiscally challenging choice. The decision on Medicaid eligibility expansion is already a hot topic in state capitals and state election campaigns. The politics and policy of Medicaid reached a fever pitch during the November elections IN 2016. In this essay, I will outline arguments for state to opt for Affordable Care Act Medicaid eligibility expansion. The ACA went into effect in January 2014, the ACA originally expanded Medicaid eligibility to most adults between age 18 and 64 with incomes below 138 percent of the federal poverty level (FPL).
If this system went was forced into act, it is predicted that citizens will overuse their health privileges. Dr. David Kelley, PhD, reported when “...Medicaid went into effect in 1964, people living below the poverty line saw physicians 20% less...” However, when those poverty level patients were placed on Medicare, they “...saw physicians 18% more often than people who were not on Medicaid” (Atlas Society). Further explaining, people could take advantage of free medical services. However, referring back to the quote, individuals without Medicaid were not seeing physicians, more than likely because of the lack of health insurance or Medicaid. The data shows poverty-stricken citizens’ physician visits went up 18% after Medicaid was implemented, but isn’t that the whole point of healthcare? It continues with “...18% more often…” than those not on Medicaid, again leading back to the idea that those who are not covered, cannot afford medical attention. Implementing universal healthcare would allow doctors to financially proceed, possibly creating more offices for all of the citizens covered by the universal system. Once the nation’s health has been taking care of, citizen’s can then worry about economically saving our country by continuing their education, or possibly becoming business owners. Without universal healthcare, many intelligent, important, economic leaders and tax paying citizens could
In fact, at one point, preventable care was nearly unaffordable. For such a developed country, the price of health is double the price than any other country. Since the Affordable Care Act is paid for by a government spending, tax increases (from higher income tax papers) and other sources, some may view this as a form of socialism. Obamacare is quite effective due to the fact that it offers (even if mediocre) coverage to over 20 million individuals. Since 2011, coverage for a family of four has increased by 7.3%, which is nearly double than what it was almost a decade ago. Moreover, it is projected that only 38% of Medicare costs will be covered by payroll taxes, which adversely will result in the federal budget deficit. The reform should emphasize the need for the government to offer substantial subsidies to those insurance companies that cater to high-risk recipients in exchange for lower deductibles and unfluctuating prices. Offering subsidies to insurers can also be used to increase competition. As of now, individuals under Obamacare are likely to only find one insurer for coverage. The purpose of more competition to lower health care
Accessing affordable health care is a huge problem for many right now. Some people make too much and some don't make enough. Some sit in a gap where they cannot get help, but also can't afford it. Companies have been told to offer health insurance that meets the standards of the Affordable Health care act. According to the Health Insurance Market Place, " Plans in the Health Insurance Marketplace must cover contraceptive methods and counseling for all women, as prescribed by a health care provider. Plans must cover these services without charging a copayment or coinsurance when provided by an in-network provider — even if you haven’t met your deductible" (Birth Control Benefits, n.d.). Some companies have chosen