29 Nov 2010
New Healthcare Reform
Effective September 23, 2010 health reforms under the Affordable Care Act in the United States will provide Americans with greater rights and benefits in healthcare coverage. Many new laws are being set to control the ongoing battle of insurance fraud. More children will have health coverage, preventative services will now be covered, and many limitations will be eliminated. The reform will be a gradual process over the next few years that will continue to grow and add additional health benefits. The question remains will this $940 billion reform benefit the majority of Americans?
There are many advantages to the Affordable Care Act. The health reform will use $350 million over the ten year plan to prevent, detect, and fight insurance fraud in Medicare, Medicaid, and the Children’s’ Health Insurance program to convict abusers and help those that actually need the assistance. Prior to the healthcare reform, Medicare patients experience a coverage gap known as the “donut hole,” upon which they experience a coverage gap after they have reached a max where they must afford the full cost of medications. With the modifications of the reform in 2011, these patients will receive a 50% discount on covered brand-name prescription medications once in the donut hole until an out-of-pocket max is reached; thereafter Medicare would fund most of the cost for the medications (Healthcare). There are also expansions for Medicaid coverage to include 133 percent of federal poverty level, currently defined as income of $29,327 for a family of four. Other requirements state Medicaid must cover childless adults in effect 2014. Also, Federal Government will pay 100% for eligible individuals through 2016.
Additional assistance provided by the health reform helps children in need. Six months after the bill is passed insurance companies must provide coverage to children with a preexisting condition. This helps the family of a...
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