The “Affordable Care Act of 2010” also known as “Obamacare” or “Health Care Reform Act of 2010” is a universal healthcare plan that was designed to allow Americans to be able to get quality health insurance that people would be able to afford, and to cut U.S health care spending down as well. Many Americans debated about whether or not it was beneficial for everyone or just certain people, so there are many advantage and disadvantages for Americas due to this reform.…
I found an article titled “Obamacare will cost less than thought”. According to the article updated projections from the Congressional Budget Office (CBO) national healthcare will cost $506 billion for the next five fiscal years. Down 29% from the last projected amount 5 years ago. The article states that this decline is due to The Supreme Court's ruling that allowed states to decide whether to expand Medicaid, the slow growth of health care spending, and Obamacare enrollment have ramped up slower than anticipated (Luhby, 2015).…
Obama Care also increases a person’s protections. This means that Obama Care has implemented measures that will no longer allow an insurance company to drop a customer while they are sick. Also it stops the insurance companies from cutting off a customer’s coverage due to time limits. Obama Care’s most important aspect is that it makes it much more difficult for insurance companies to deny coverage based upon preexisting conditions, and if a person with a pre-existing condition is denied, the individual has a more legal standing.…
We have all heard about Obama Care. What is Obama Care? Obama Care also known as the Affordable care Act is a nationwide health care plan that is aimed primarily to alter the American health. Obamacare primary focus is to regulate the health insurance industry create a reduction in the USA government spending on the healthcare. Does that mean all people of the United States be able to afford this health care insurance? The following paper will answer some of these important questions about Obama care and what the people of the United States can expect. Affordable Care Act is also known as the Affordable Care Act. The Affordable Care Act was undersigned into law on March 23, 2010. Many of us have been debating about health care reform for long time. Thousand or more pages of Obamacare…
The Affordable Care Act was signed into a law on March 23, 2010, by President Barack Obama. The United States, after long years of demanding Ever since the enactment of Medicaid and Medicare in 1965, this law is considered the most important administrative system of the United States health care system. This law was planned to help avoid terrible health care costs to the people who did not provide health insurance for themselves. The terrible health care costs can destroy the credit scores of the people. This can eventually cause home closure and even bankruptcy. The Affordable Care Act expects to raise the value, admission, and inexpensiveness of health coverage. Also, to lower the health care prices for the government and citizens. In…
The Act was designed to reduce overall health care costs by making services available to the 32 million who currently can't get insurance. They often use a hospital emergency room as their primary care physician, increasing costs for everyone. This starts in 2014.…
In her article “What is ObamaCare”, Kimberly Amadeo (2013) proclaims how the economy is changing, how the changes affect this country and steps you need to take now so it will be beneficial in the near future. She addresses the different individual categories that an American or American family could be placed in when selecting coverage. Amadeo feels that the cost of ObamaCare could be considered as both a pro and a con. She feels that the calculation depends on the assumptions used. Estimates ranging from $1.76 trillion added to the debt down to $143 billion subtracted from the debt are all correct according to her research (Amadeo2013).…
Millions of uninsured people will have access to affordable health insurance through the marketplace. This lowers the amount of unpaid medical bills seen by Emergency and Express Care settings across the contry. More than half of those uninsured can get no cost or low cost health insurance using the State 's Health Insurance Marketplace. State programs such as Medicaid and CHIP will expand their benefits to a greater amount os people in the community that need help. Before in some instances such as cancer if you got ill you were either dropped or your premiums increased to a level that most could not afford. ObamaCare will prohibit insurance companies from these actions. As with filling out of insurance applications perhaps you forgot to add that you were injured in a car accident at the age of 5 because you were so young you didn’t remember or that you had an illness. It used to stand that insurance companies could drop you without a second thought. This plan takes the power to do that away from them (ObamaCare Facts: Dispelling the Myths 2013). If you honestly forgot to put something you will not be dropped. Obamacare goes on to take away pre-existing conditions, meaning that you cannot be denied coverage no matter what your illness is. A lot of insurance companies thought it relevant to charge you more simply based on gender and women would pay a higher premium than men. ObamaCare puts a stop to this egregious act as well. Small…
Repealing Obama Care would put Americans with coverage would be extremely detrimental to them. It would take away all the benefits and cause people to not have health care. “Taking away Obama Care away right now would put 18 million Americans out of health care.” (Bryan). The House of Representatives and the Senate supposedly…
Taxes are going up as another result of this health care act. “The taxes that may affect you directly are the individual mandate and the employer mandate.” (Obamacarefacts.com 2016) There were several new taxes that were made to help pay for Obamacare including taxes on pharmaceutical sales and medical device. People with high income also got an additional tax put on them. Some other cons of Obamacare include enrolling complications, businesses cutting employees hours to avoid having to give them coverage, and higher costs. Some people have gotten stuck paying more for Obamacare than they did under their previous health care plans. “ A heavily cited (and debated) 2013 Associated Press report estimated that the health insurance policies of 4.7 million Americans were canceled due to noncompliance with Obamacare standards going into the inaugural year.” (Elizabeth Renter 2014). Many opponents of Obamacare believe that legislation will demolish jobs, hours are being cut and full-time employees are becoming slim. About 1.2% of the population will mainly be paying the tax rather than the health insurance they should be paying for because the taxes are getting so…
Obamacare, or what is formally known as the Patient Protection and Affordable Care Act, is federal legislation that was signed into law on March 23, 2010 by present Barak Obama. The act aims to reform national healthcare and give more people than before access to affordable healthcare. The overall goal of the act is to cover all persons regardless of their conditions or other factors. The passing of Obamacare has led to much conflict in the government and throughout the nation. In particular, recently the act has been the root of heated disagreements and government unrest among the Democrats and Republicans.…
The Healthcare reform act was put into place by President Obama; this law expanded affordable health insurance to millions of he underinsured and uninsured. The positive effects that the healthcare reform are, allowing young adults under the age of 26 to be able to say on their parents/gardens insurance plans, this assists 6.6 million young adults who are not able to afford insurance. (Consumer Reports, 2013) The Medicare expansion widens the range of coverage to lower income and immigrants that have been in the United States for 5 or more years. (Washington State Health Authratiy, 2014) The healthcare income subsides for lower income individuals and families; this is a tax credit that can assist with the cost of purchasing health insurance. With the new law people can no longer be denied coverage due to preexisting conditions or health, sex or race. (Consumer Reports, 2013) The new law also prohibits the insurance companies form having a lifetime cap on policies that have exceeded the amount the insurance companies want to pay. (Washington State Health Authratiy, 2014) What denial of insurance did to the preexisting conditions and people who had reached…
Supporters of it will say that people can now have access to affordable, high-quality health insurance through medicaid expansion, their employers, and the health insurance market. But the cons of that are to get the money to help insure all these people, there are new taxes. The taxes that may affect people directly are the individual mandate and the employer mandate. Another pro that people see are that Obamacare’s protections ensure that you can’t be dropped from coverage when you get sick or make a mistake on your application. You also can’t be denied coverage or treatment for being sick or get charged more for being sick. Plus, you can’t be charged more for being a woman. Other protections ensure that you have the right to a rapid appeal, that health insurance companies can’t make unjustified rate hikes, and that these companies must spend the majority of premium dollars on care, not paying executives. Insurance companies must cover sick people, and this increases the cost of everyone’s insurance. The opposition of that is to ensure people don’t just buy coverage when they need it, most people must obtain coverage or pay a per-month fee. Also, coverage can only be obtained during annual enrollment periods. A person can owe the fee due to forgetting to pay a premium, and then not be able to get coverage until next open enrollment. Some people were benefiting from being in a low-risk group. Men in good health with no pre-existing conditions, who were not responsible for anyone but themselves, and who remained healthy had low insurance costs. They may have had cheap limited coverage before the premium hikes took place a few years ago. Any of the pros that Obamacare might have have a bad opposition behind them that will defeat the purpose of having…
Today over 50 million seniors are enrolled in Medicare. Medicare is program that provides healthcare coverage for people over 65 years age in the United States. The research will focus on the impact of Affordable Care Act (Obamacare) on the current Medicare system. The changes for seniors will effect seniors on the cost of preventive care, preventive care recommendations, prescription drug coverage and consumer protection. The positive impact for seniors will be shown for each program change listed.…
Obamacare is an extensive bill that completely transforms the healthcare system. The main part of the bill is the individual mandate that requires all citizens and legal immigrants to have health care coverage. If individuals do not have health insurance by 2014 there is a monetary penalty. In order to allow many Americans to obtain coverage, it outlines a major change in insurance practice in that companies are no longer allowed to deny individuals health insurance because of pre-existing conditions; individuals are able to buy into health insurance at anytime. Obamacare expands Medicaid for those who cannot afford health insurance; the expansion will supply more than 17 million more Americans with health insurance than before the bill. People who are employed can fulfill this health insurance requirement by enrolling in their employer’s plan. Health insurance must be provided through employers if the company has 10 or more employees. Small businesses will be subsidized so that they can afford to provide insurance. People without insurance through their employer will be able to buy plans through health insurance exchanges, where most will qualify for subsidies, greatly reducing the premiums. Exchanges are run by the state or non-profit organizations and require that all insurance companies offer certain plans that make it easier for Americans to determine the differences between…