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Affordable Care Act Essay

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In 2010, President Obama celebrated a landmark piece of legislation that he labored dutifully to get through Congress during his first years in office. This legislation, the Affordable Care Act (ACA), represents more than just a policy on health care in the United States. The new law, which took full effect in the subsequent years, reformed the health care system in the United States, notably requiring the vast majority of Americans to hold qualifying health care coverage. Those citizens lacking an adequate health insurance policy for any part of the year incur a tax penalty collected by the IRS via the tax return process (IRS, 2016). According to Weil (2016), of the Library of Economics and Liberty, fiscal policy is the government influencing the economy with taxes or government spending. Hence, the ACA utilizes a fiscal policy to influence the economics of health care, namely attempting to heighten coverage among Americans and change the dynamics of the health insurance in this country. In this case, lawmakers did not see reform on the supply side of insurance as enough and opted to create an additional tax on individuals to increase demand for coverage. Furthermore, the ACA imposed a tax penalty on certain businesses if those organizations do not provide a proper level of healthcare offerings to their …show more content…

I studied John Stuart Mill’s utilitarianism in an ethics class a few years back and from a 30,000-foot. view, this position makes sense. After all, shouldn’t the government maximize the health and well being of the greatest amount of people? Taken to its conclusion though, utilitarianism can lead to policies that disrupt the individual freedoms so valued by Americans and their Constitution, freedom ideals heavily influenced by philosophers like John

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The affordable care act is a United States statue signed into law by President Obama in March of 2010. It represents the most significant improvement to the U.S. healthcare system since 1965 with the addition of Medicare and Medicaid. Also known and commonly referred to as Obamacare, it was enacted to increase the affordability and quality of health insurance, diminish the rate of the uninsured by expanding public and private insurance coverage while reducing the cost of healthcare for individuals and the government. This law will require Hospitals and doctors to reconstruct financial practices along side with technologically and clinically to advance better outcomes, reduce cost and improve methods of accessibility.

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The Affordable Care Act was a health care act that was established by the federal government to expand and improves access to care and curb spending through regulations and taxes. Each state could decide to participate or not. The act was adopted as law by US Fisher02 President Barrack Obama in March 2010. The goal of this act was to reform the current health care in the United States.

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Introduction A. The Affordable Care Act (ACA), also known as The Patient Protection and Affordable Care Act (PPACA), was created in 2010 under the President Obama administration. It is designed to reform the current healthcare system by offering more health insurance options at affordable rates. The reform aims to provide individuals with more health insurance options, alleviate out of pocket costs, and prevent gender discrimination. The basis of providing millions of Americans with quality health insurance options greatly benefits a majority of individuals.

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The ACA, passed in President Obama’s first term, mandates that all Americans will need to purchase healthcare or pay a tax. In addition, the plan also provides subsidies for middle class families and contributes to the overhaul of the healthcare system (Amadeo, 2017). The ACA represents major intervention by the federal government in the health care system. Again, the fundamental differences between the parties were present in the voting over this legislation. When the bill was in the Senate, it passed with support of all 60 Senate Democrats and two Independents.

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(Chaikind, Copeland, Redhead, & Staman). Supporters of the act contest that the requirement to purchase health insurance is economic in nature because it regulates how an individual participates in the health care market, through insurance or otherwise. The inverse is stated by opponents that Congress cannot have the power to require a private citizen to have insurance and because there is a tax penalty attached to it it is unconstitutional. (Chaikind, Copeland, Redhead, &

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With this report, large employers are required to provide information to the IRS, such as statements, that show information about the health coverage that is being offered. This information is then used by the IRS to determine whether penalties are due from the company supplying the information. Penalties One of the main portions of the Affordable Care Act was the section that required employers to provide health insurance coverage to their employees. If they were not able or willing to provide the minimum mandate, these employers were to be faced with a penalty that must be paid to the IRS.

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It is reasoned that the penalty’s implications are similar to other taxes because “it is to be assessed as part of the taxpayer’s annual income tax return, it varies by income and number of dependents; and, it is to be administered by the IRS.” The Affordable Care Act does not force anyone to have health insurance. Rather, it imposes taxes on those that choose to forgo participation in health insurance plans. The decision ultimately belongs to the individual who will decide between paying the penalty and enrolling in a health insurance plan, by most likely choosing the option with a lower opportunity

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More commonly referred to as Obamacare. The law is meant to help stop the increase in healthcare spending and also provide better health facilities by making itself affordable

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Obamacare or the Affordable Care Act was signed into law in 2010 by President Obama. There are many changes that will and are happening because of this law. Citizens cannot be turned down for coverage because of preexisting conditions, and everyone is required by law to have health insurance coverage. Those citizens who cannot afford coverage will be able to get assistance paying for it unless they are under the poverty level. Those citizens will be able to get Medicaid if their state expands coverage.

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The Affordable Health Care Act, also known as “Obamacare”, is basically just Obama trying to make sure that the whole nation has insurance and if they do not have it by January 1, 2014, they will be penalized with a fine. To make insurance more affordable, many Americans are able to qualify for a subsidy that lowers the cost depending on age and income. Also, “Obamacare” made it impossible for insurers’ to discriminate, or charge higher rates, for anyone who has pre-existing conditions or for a certain gender. Medicare will also be easier to obtain due to requirement of insurance. This law was passed in the U.S. on March 23, 2010 by Congress and President Barack Obama.

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Close your eyes. Imagine a loved one in the hospital receiving the best care in the world. Yet, that loved does not make it. Think of the suffering and grief that is endured. Now, think of all the stress that comes with that because the hospital knocks on your door asking for payment for “treating and taking care” of your loved one.

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The United States has multiple health care options such as Obamacare, Medicare, Medicaid, and health insurance through employers or on their own. Most of the people living in the United States, around 70% of individuals, get health insurance through their work or union. Other individuals get insurance on their own or a family plan. Some averages of individual and family premiums and deductibles are around a $280/month premium and $4,120 deductible for an individual, while for a family plan it is around $930/month premium and $7,760 deductible.

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The Patient Protection and Affordable Care Act commonly known as Obamacare was signed into a law on March 23, 2010 by President Barack Obama.1 In July of 2009, Speaker of the House Nancy Pelosi along with a group of Democrats from the House of Representatives disclosed a plan that included reform within the healthcare system introducing the Affordable Care Act.2 On September 17, 2009 this bill was introduced in the House and a few weeks later the bill was passed/agreed on. In December 24, 2009 the law was then passed in the Senate. On March 21st, 2010 with resolving differences, the house agreed to the changes to the law made by the Senate and the plan was approved by the House in a 219-212 vote. On March 23, 2010 the law was signed into an

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Before the Affordable Care Act was put into work, over 45 million Americans were uninsured. The Affordable Care Act, also known as Obamacare, was then made to help those who were uninsured. It allowed people with financial struggles with the same opportunity as everyone else to have a healthcare plan. Even though the law was passed in 2010, it took a full year of back and forth to get it passed in the Senate. Obamacare may help you get coverage, but charge you an annual fee if you don’t have one.

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This legislature is a policy based on taxing and spending (Kraft and Furlong 135). This piece of legislation taxes those without healthcare and offers healthcare, the cost is based on income, through state run programs or Secretary run programs. The program is run by each individual state and the start of each program performed differently, but there are now 19 million individuals who are insured directly under the ACA (Mangan). Obamacare also improved the coverage of Americans who were already insured (Affordable Care Act

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