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Affordable Care Act Pros And Cons

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What is the Affordable Care Act? The Affordable Care Act, also known as Obamacare, is a law that increases the availability, quality, and affordability of both public and private health insurance (ObamaCare). This act refers to two different pieces of legislation, the Health Care Reconciliation Act and the Patient Protection and Affordable Care Act (Affordable).This law was first passed by President Barack Obama in 2010. The main goal of this law was to give Americans the option of having much needed medical insurance coverage (Obama Care). The new ACA of 2016 has had a number of provisions made to it. Some of these changes include: eligibility, financing, promoting prevention and wellness, and benefits offered (Affordable). Hearing that …show more content…

A few of these benefits include: comprehensive coverage, lower prescription drug costs, coverage for young adults, and no problems for people with pre-existing conditions. The new ACA have required that health plans cover essential health categories. These categories are hospitalization, mental health, maternity and child care, and substance use disorder services. The array of coverage helps people who are starting a family, getting help for an addiction problem, and even testing and treatment for mental problems. Prescription drugs have gone up a little every year. The ACA helps to lower prescription drug costs particularly for seniors. The discount will help save individuals up to five thousand dollars in the next six years. This act has allowed 3.1 million young adults to stay on their parent’s account until the age of twenty-six. This set up allows them to be insured, when they would most likely be uninsured unless it was provided through their job. People who have pre-existing conditions, such as asthma and diabetes, are often denied coverage when applying for medical insurance. The health care act makes it impossible for a company to deny coverage or raise the premiums to the one hundred and twenty-nine million Americans who are under the age of sixty-five who have a condition

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This market place allows for competition and transparency by allowing consumers to review plans side by side and compete for customer services. These plans have expanded preventative health care services and benefits. The ten essential health benefits which must be included in all plans are services like prescription drugs, emergency room services, ambulatory, hospitalization, and maternity, mental health, rehabilitation, and laboratory, pediatric and preventative services. The purpose of the Affordable Care Act was to expand needed service to all Americans who had no insurance or who where under insured. It wanted to fix problems with fee for service programs and make pay for performance reforms to increase efficiency.

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The Affordable Care Act’s ultimate goal is to provide affordable healthcare for most, if not, all Americans. There are widespread support and opposition the Affordable Care Act. Those who support Obamacare claims that the ACA ensures more coverage for middle class Americans. The ACA extend health subsidies to those with incomes from 300% up to 400% of the federal poverty guidelines. In addition, the ACA allows people under the age of 26 to stay on their parent’s plan until they turn 26, allowing those who have trouble paying for insurance to find a way to pay for medical costs.

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The Affordable Care Act The Affordable Care Act is a bill intended to increase the quality of health insurance and lower the costs that Democrats proclaimed would help everyone in the nation, regardless of their ability to pay and regardless of any preexisting condition they might have. Additionally reducing the number of people in the United States not covered by any health care insurance. The Affordable Care Act is the most comprehensive reform to the health care system since the implementation of Medicare and Medicaid in the 1960s. More than 190 years before that, when creating the Constitution, the founders of the United States worked hard creating a system of checks and balances as one of the most important principle aspects of Government.

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The Affordable Care Act (ACA) also known as Obamacare is a law that provides individuals with subsidies to lower the costs of medical care. Its primary beneficiaries are households with an income below federal poverty level (HealthCare, n.d.). The goal behind the law was to protect patients with pre-existing conditions from being denied health insurance, eliminate coverage limits, and require mandatory health insurance for every individual in the U.S. While it is intended to help Americans obtain health insurance, the act is expensive to the working class. Issues of costs and overcomplicated insurance plans arose, since the ACA has increased insurance premiums for those who do not qualify for the subsidies, makes health insurance a mandatory

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These features includes, quality, affordable health care for all Americans, improvement of public programs and public health, increase of healthcare workers and Community Living Assistance Services and Supports Act (CLASS Act) which finance long term services and care for those with a disability. The Affordable Care Acts provides quality and affordable health care for all Americans by allowing individuals, families and businesses to have control of their health insurance and decreasing the premium cost by providing billions of dollars in tax relief which is the largest

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And to stop setting lifetime and annual limits on benefits, and to increase covered preventive care. The law also establishes minimum standards for health insurance policies, offers subsides for low-income for individuals and families. It will expand Medicaid coverage and reforms Medicare reimbursements, and fines businesses that have more than 50 full-time employees that don’t offer health coverage. But if a person does not get insurance through Medicaid, Medicare, or employee-sponsored insurance, then they must get it through a private company.

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The Affordable Care Act is essentially an act that was signed on March 23, 2010, by President Obama in hopes that it would provide U.S. citizens with affordable and better quality health insurance, and also regulating and reducing health care expenses in the U.S. Prior to the act being signed into law, there were many unsettling things that health insurance companies could do without repercussion, for example, insurance companies where able to deny coverage to a person because of past illnesses, get dropped for making a mistake on application, and also be charged more or less based on your sex. With the passing of the ACA, many of these problems disappeared but some other problems became prevalent. There are many benefits that the ACA brought to the table for example, No annual or lifetime limits on healthcare. Before ACA there where

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The Affordable Care Act (ACA) was introduced to the healthcare sector in 2010. Signed into law by President Obama, one of the goals of the passage of this healthcare reform act was to make healthcare more accessible and affordable. This reform affected all aspects of the healthcare market, including employer-sponsored health insurance (ESHI). One of the objectives of the ACA is to provide a means to insurance coverage for all, especially for those who were previously not eligible for ESHI. The ACA will now require “medium and large employers to offer health insurance coverage to full time workers or pay a penalty” (Merlis, 2011).

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