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Pros And Cons Of Affordable Care Act

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The Patient Protection and Affordable Care Act (PPACA), also known as Obamacare was signed into Law in 2010. The act claimed to provide affordable health insurance coverage for everybody living in the United State of America. The act was also put in place to protect people from insurance company’s strategies that could rise people costs or restrict care. In today’s world, despite all the benefit of the ACA, there is an on-going debate regarding the affordable healthcare act. Some people believe that the ACA should have been kept in place and reinforce, and others not.

The Affordable Care Act is a United States federal statute put in place by the 111th United State Congress and signed into Law by the President Barack Obama on March 23, 2010. …show more content…

According to the Balance, one of the biggest benefit of the ACA is that it slows the rise of health care cost. It does this by providing insurance for millions of people and making preventive care fee. In 2016, the cost of health care services rise by 1.2% for the year, in contrast of the increase of 4% in 2004. Obama care also requires all insurances plan to cover at least 10 essential health benefits. These include treatment for mental health, addiction and chronic diseases. These patients can be the most expensive to treat, which is why most insurance companies try to avoid these types of …show more content…

Insurance companies used this to contain costs to $1 million per year. Beneficiaries who exceeded that limit had to pay 100 percent of costs. This Act also allows children to stay on their parents’ health insurance plans up to age of 26. According to Healthline, more than 16 million Americans obtained health insurance coverage within the first five years of the ACA. Young adults make up a large percentage of these newly insured people. This increased profit for insurance companies. Obama care also mandates Business with more than 50 employees to offer them health insurance, because they receive tax credits worth up to 35 percent of their contribution to employees’ health insurance. Non-profits receive a 25 percent credit. Employees receive a uniform summary of benefits, and a 60-day advanced notice if anything changes in their

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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 or Obamacare is a legislature that was passed in 2010 to help expand the coverage of healthcare. The Affordable Care Act is made up of multiple different acts, including The Affordable Health Care for America Act, the Patient Protection Act, Health Care and Education Reconciliation Act” and in the act, there are provisions, as well as some regulations have changed and are expanding the ACA (Obamacare). The Act is broken down into multiple titles with different provisions. Three main provisions are the requirement of essential benefits, the guarantee of Healthcare coverage and the Medicaid expansion. One of the main jobs of the ACA is to ensure protection for Americans when it comes to Healthcare needs.

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The Affordable Care Act greatly improved the quality of health care in the United

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Some of the rising expenses include increasing deductibles to compensate for the cost sharing fees, the rising price of the insurance, and the limited doctors that accept the limited insurance. ACA increased taxes on individuals and business to compensate for Obamacare in order to regulate government spending. Taxes and the Affordable Care Act

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The Affordable Care Act, commonly known as Obamacare, provides more rights and protections and expand access to affordable quality healthcare to tens of millions of uninsured people. The act requires all Americans to purchase a plan, or pay a tax penalty on their federal income taxes. If you cannot afford The Affordable Care Act then you are most likely eligible for Medicare or Medicaid. The Affordable Care Act is paid with our taxes, budget cuts and government funding.

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The Affordable Care Act or ACA law was put in place in March of 2010, the objective of this law was to provide more americans with affordable healthcare. Obama Care can be beneficial in many ways including offering cost assistance to families, giving full coverage to applicants even with preexisting medical conditions, and the cost of insurance is not determined by gender so there is no gender discrimination, the act also keeps wasteful spending down by making health care reforms. But the ACA law is very favorable to the lower income communities.

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Many think this will mainly benefit you if you are healthy. People have the option to purchase a lower more cost effective plan but in the situation you become sick then you might exceed the limit of your plan (1). Also, there is speculation that health care cost will rise at a faster pace than under the previous Obamacare. Of course there are other ideas on how to address the Affordable Care Act. Senators Graham and Cassidy would like to use the federal Medicaid funding and insurance subsidies to state block grants, allowing the state to design their own health care programs(1).

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Affordable Care Act, (ACA) also nicknamed “Obamacare,” is a United States federal statute enacted by the 111th Unites States Congress and signed into law by former President Obama on March 23rd 2010. It represents the U.S healthcare systems most significantly regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965. (NCBI)The Affordable Care Act offers essential benefits that range from covering hospitalizations to mental health care to prescription drugs. A primary goal of it was to make sure all Americans or nearly all obtained health insurance. It created insurance exchanges for those seeking individual coverage and expanded Medicaid for low-income adults.

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The ACA/Obamacare was signed into law to change healthcare in the U.S. by President Barack Obama on March 23, 2010. The and upheld by the Supreme Court on June 28, 2012. ObamaCare's goal is to give more Americans access to affordable, quality health insurance. Also to reduce the growth in U.S. health care spending.

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ObamaCare has a lot of benefits that most people don’t even know about because people are always quick to talk about the negative before the positive. For example, it allows young adults to be under their parent’s insurance plan until you are the age of 26 and who wouldn’t want to have the responsibility of dealing with insurance until that age? This added three million previously uninsured young adults. Another advantage to ObamaCare is that it stops insurance companies from denying you coverage or even charging you more based off of your health status (ObamaCare, 2015). ObamaCare is requiring large businesses to insure their employees as well as helping out small businesses with a tax break for offering insurance to their employees as well (ObamaCare, 2015).

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Obamacare provided an online health insurance marketplace that offered open enrolment at the end of the year and was based on your income and

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• Health Insurance Exchanges: If you do not have insurance through your employer or the government, you will either purchase it through the federal exchange or your state's exchange. • Low Income Subsidies: Individuals and families with a low income who purchase health insurance through an exchange will be eligible for a subsidy (end note) from the government. • Medicaid Expansion: Medicaid is a state-administered program that was created in 1965 to provide healthcare services to the poor. One of the major provisions of Obamacare was an increase in the Medicaid income, which is used to determine if an individual qualifies for the

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ObamaCare known as the “Patient Protection” (PPACA) and “Affordable Care Act (ACA)” were signed into the law by President Barack Obama on March 23rd, 2010. ObamaCare is paid through collected taxes, penalties, spending cuts and reformations to the health care industry. All of the money is used to fund the program and subsidized health insurance to improve Medicare, and expands Medicaid. ObamaCare is a positive impact for Americans. It will help many uninsured Americans have access to affordable, quality health insurance, and offers new benefits, rights and protections to their healthcare.

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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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It does this by providing insurance for millions and making preventive care free (Yost 2016). This means people receive treatment before they need expensive emergency room services ACA requires all insurance plans to cover ten necessary health benefits. This includes treatment for mental health, addiction, and chronic diseases (Pollack, 2016, p. 442). Without these services, many patients wind up in the emergency room. Those costs are passed onto Medicaid, and therefore the tax-payer.

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