Health Insurance and Affordable Care Act

Only available on StudyMode
  • Download(s) : 158
  • Published : May 30, 2013
Open Document
Text Preview
ObamaCare

The Patient Protection and Affordable Care Act (PPACA), also called ObamaCare or the Affordable Care Act, is a United States federal statute signed into law by President Barack Obama on March 23, 2010. This is one of the most consequential expansions from the government and administrative overhaul of the U.S healthcare system, since the establishment of Medicaid and Medicare of 1965. The purpose of the Patient Protection and Affordable Care Act is for raising the rate of health coverage of Americans and lowering the total of health cost. There are several pros and cons of the Patient Protection and Affordable Care Act, and I would like not only to explain them but the policy itself also. There are several different pros and cons concerning ObamaCare but first, we will have to divide what the pros are for the different economic classes of Americans and the type of person you are, because some effects apply to lower class when they don’t to upper class and the effects of it may be different if you are a woman or if you’re a senior citizen. For the average American, which are those making fewer than 400% of the Federal Poverty level (FPL), would see decreases in their insurance premiums. The overall quality of healthcare would increase, while the cost will lower. However, 1% of businesses will be affected by the cons of ObamaCare, which is the possible decrease of health plans for employees received by employers and/or the amount of work they do. For lower class people ObamaCare will benefit them greatly, especially those with no insurance at all. Albeit, some states will have the option of not participating in that, despite that there would be 100% funding and 90% next the next year. Some states would rather save money, but some states will be able to gain money from this. Some of the effects of ObamaCare could include reforms to Medicare which could affect seniors negatively and positively. Small businesses will receive benefits from this while those...
tracking img