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Private Health Insurance

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Private Health Insurance and the Patient Protection and Affordable Care Act In 1900, the average American spent about $5-$147 per person a year on health care and did not require the use of health insurance (Blumberg & Davidson, 2009). Today, the average American spends about $10,000 per person per year (Munro, 2015). According to the Consumer Financial Protection Bureau report (2015), 43 million Americans have medical debts due to unforeseen circumstances. In order for the United State to address this rising cost of health care, the Patient Protection and Affordable Care Act (PPACA) was enacted in 2010 to control cost and address health insurance gap for many Americans. In several parts of the PPACA Act, all Americans are now required to …show more content…

Following this review, this paper will attempt to strike a balance between opposing public policy views on Title IV, section 9010, of the ACA and provide examples of how this policy would affect businesses in the health insurance industry. Finally, recommendations will be provided to help caution health insurance corporations and a conclusion will be …show more content…

As more and more subscribers sign up for employer-based health plans, private health insurance companies have to underwrite new plans to control the rising health care cost. This is because the more subscribers enrolled into the private health plans, the more medical claims private health insurance are responsible for in coverage. For instance, adverse selection problems and moral hazard problems causes the cost of health care and medical claim costs to increase (“Shift to Employer-Based,” n.d.). People in poor health may claim to be healthy and then sign up for insurance or healthy people can change their behavior by participating in risky activities after purchasing health insurance; making it unbearable for private health insurance companies to cover (“Shift to Employer-Based,” n.d.). Due to this adverse selection and moral hazard problems, private health insurance companies have decided to redefine what is healthy and what is

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The Affordable Care Act or “Obamacare” has constituted one of the most important topics since its implementation in 2010. Since 2010, the fate of the Patient Protection and Affordable Care Act (ACA) has been uncertain. The ACA was a historic achievement for the Obama administration and Congressional Democrats. But it passed Congress without a single Republican vote, and the GOP subsequently mounted legal and legislative challenges to Obamacare, vowing to repeal and replace it. (Oberlander, 2012, p.2165).

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With those that are insured favoring a moral hazard and overusing the system could lead to a negative impact on our health care system leaving those who truly needing services paying a higher premium or

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The Patient Protection and Affordable Care Act (PPACA) was signed into law in March of 2010. Assess the effectiveness of the PPACA in the past year both for a person and for the nation, declare an opinion of whether the law is good for the economy or bad for the economy, and finally - from a health policy perspective, suggest if any changes need to be made to the law in the future, what those changes should be, and why. The Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or, colloquially, Obamacare, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The comprehensive health care reform law enacted in March 2010.

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A Second Look at the Affordable Care Act David E. Mann, ABA American Military University POLS210 Abstract Since the passing of the Patient Protection and Affordable Care Act (PPACA), twenty-eight states have either filed joint or individual lawsuits to strike down the PPACA. This document will examine a few key elements that the President of the United States must take into consideration when reviewing the act and moving forward to either ratify the act, replace the act, or leave the act as it is. Topics that will be presented will include; the current issues being debated, two competing thoughts on how to fix the ACA, an evaluation of the preferred solution, and finally the responsibility of each level of government. Patient

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In the United States many employees may go without having health insurance. Some will go without visiting a doctor for months and even years. At the same time, most employees may spend long hours at work yet still face measuring their opportunity cost when deciding on health insurance. If that wasn’t crucial enough, many may find themselves force to work under sickened health conditions. Fortunately, recent policy reduces the impact on an economic crises and an individual setback.

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The Affordable Care Act program is a result of decades of ideas from both political parties and the healthcare industry. ( http://obamacarefacts.com/obamacare-facts/ 1). In this research paper I will discuss the pros and cons of this very controversial Health Insurance Plan that I firmly believe that every American should have. There are many pros to Obamacare that make it a more considerable

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Preceding this order, people with prior conditions were frequently not able to accomplish human services scope. Debate encompassed social insurance change some time before the institution of the Affordable Care Act. While President Clinton's organization neglected to update our country's human services framework in 1993 with the Health Security Act, the Affordable Care Act was the most clearing national change since President Lyndon Johnson's Social Security Amendments Act made Medicare and Medicaid. In spite of the fact that this law has confronted savage resistance, the Affordable Care Act will help Americans lead more beneficial ways of life, while expanding their budgetary security. Under the Affordable Care Act, otherwise called ObamaCare, insurance agencies are no longer permitted to victimize people with prior wellbeing conditions.

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Bill Cosby believes that it is crucial to learn the proper English language. He does not believe that African-Americans have fought this hard to get an education, for the younger generation to not take full advantage of leaning to speak English properly. I do not agree with Cosby because I do not believe that there is anything wrong with younger people communicating in African American Vernacular English. Although this is true, I can argue that Cosby is correct to a certain extent, because African Americans have fought to be educated while it seems that youngsters give up much easier on learning. I do not think that Smitherman would agree with Bill Cosby.

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Affordable Care Act (ACA) is comprehensive health care reform law passed by President Barack Obama on March 2010, is also named as Obamacare. This act has 3 primary goals; first, make health insurance available to more people who are in the line of the federal poverty level, second, expand the medical program to cover all adults and third, generally lower the costs of health care. The law also aims to expand private and public insurance coverage, and regulating the insurance industry. This paper discusses about some of the benefit of ACA and drawback of the act.

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Background The Affordable Care Act (ACA) is officially referred to as the Patient Protection and Affordable Care Act was enacted into law on March 23, 2010. It is estimated that prior to the enactment of the ACA, 44% or 81 million people between the ages 19-64 were either uninsured or underinsured in the United States (Schoen, Doty, Robertson, & Collins, 2011). The populations most likely to be uninsured or underinsured are individuals with earning between 133-200 % below the established federal poverty guidelines (Schoen et al., 2011). Consequently, 80% of individuals with earning under $20,000-$39,999 were uninsured or underinsured (Schoen et al., 2011).

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According to the U.S. census, in 2013, 42 million Americans or 13.4% of the population were uninsured. The Keiser Family Foundation analysis of 2014 Survey of Low-Income Americans and the ACA, states that in 2014, 27 % of the uninsured went without having necessary care for major health conditions or chronic diseases. Health care is a fundamental right regardless of status or health. The United States should look to other countries and examine their successes in providing universal healthcare.

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1004 Words | 5 Pages

The Affordable Care Act forbids health care wellness plans from inflicting a lifetime monetary value on most assistance received by Americans in any wellness plan revamping on or after September 23, 2010. While some strategies already offered insurance with no limits on lifetime aids, millions of Americans were formerly in health care wellness plans that did not. According to the Kaiser Family Foundations Employer Health Benefits Survey, a least 58 percent of all workers protected by their employer’s health care coverage plan in 2009 had some form of lifetime border placed on their assistances. In adjunct, to a least 88 percent of individuals with independently bought health insurance coverage that also had a lifetime boundary on their coverage

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741 Words | 3 Pages

The United States is the only Western nation that does not authorize free health services to its people. The cost of healthcare to the uninsured is beyond prohibitive, and insurance plans are far more captivated with profit costs, rather

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46.8 million Americans were reported as uninsured in 2013, which equivocates to one sixth of the population. Those without insurance have revealed that they risk “more problems getting care, are diagnosed at later disease stages, and get less therapeutic care” (National Health Care Disparities Report) and those insured risk losing their insurance. Inadequately covered citizens are often working-class individuals who simply cannot receive insurance due to uncontrollable inconveniences and therefore jeopardize having medical coverage. In these instances, Americans have a chance of being diagnosed with diseases that they had no opportunity to prevent or could not diagnose them at an early stage of the illness. Patients have suffered unnecessarily due to lack of health care, and “18,000 Americans die every year because they don't have health insurance” (PNHP).

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Health care is an area that is very heavily abused in the Unites States. A huge amount of money and resources are put into providing excellent health care in this country. But the percentage of fraud in health care is equally huge. A large number of insurance claims are designed to abuse the health care system. Although they are not significant in number, these fraudulent insurance claims can cause a sizeable dent in the economy.

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