On March 23, 2010, President Barack Obama signed the Affordable Care Act into law. The act, nicknamed “Obamacare,” is the largest healthcare reform since 1965 when Medicare/Medicaid bill was signed. Obamacare was put into place to help decrease the cost of health insurance in the United States so that everyone can have affordable and quality healthcare (Samual). “There will be a competitive insurance market and all Americans will be able to choose their insurance out of these plans. Since everyone will have access to the same care through the Affordable Care Act it helps to ensure that all Americans receive quality healthcare. Those wishing to purchase private health insurance will be able to do so and receive the same care available today (Samual).” The bill is extremely long but there are several important things that it covers and each factor has an effect on the economy and on the cost of insurance.…
Obamacare was signed into law on March 23, 2010 by President Barack Obama. The ACA was designed to offer healthcare to all groups of American citizens, mainly to the upwards of 30 million uninsured Americans. Although there were several reasons this reform was necessary there were a few main reasons that seem to stand out. Being able to offer health insurance to those that suffered from pre-existing conditions as well as not put limitations on the amount of coverage these Americans could actually maintain and keep. It wasn’t unheard of to be capped to a certain amount of coverage once a patient became sick. The US Census Bureau (2011) estimated there to be somewhere around 49 million uninsured Americans in 2010, so this reform would cut down on that number…
America is about to make major changes in the country’s health care system. The goal of the Affordable Care Act is reduction of the number of uninsured individuals and health care expenses. Some call the reform unconstitutional, some fear inefficient implementation will lead to the opposite of the anticipated health care cost reduction. According to Kaiser Health Tracking Poll 29% of Americans have very unfavorable opinion of the health reform law compared to only 18% with very favorable attitude (See Health Data, 2010-2011).…
There are two main topics when it come to health care reform, coverage and cost control. Both sides of the debate recognize these as the eventual goal but both sides have different opinions on the procedure to achieving this goal. The current health care reform bill includes a very controversial provision know as the individual mandate which some believe is a necessary tool that will bring more health care to more people. Others who oppose it say that it will only exacerbate the current problem of over utilization of third party payers and will cause prices to rise further. The bill that was passed on March 23 was scored by the Congressional Budget Office (CBO) as a deficit reducing bill and many proponents of the bill point to this an claim that a government run system will be more efficient. However, the CBO report is widely debated for misleading information and it does not include the reconciliation bill (HR 4872) signed into law on March 30, 2010 that amends HR 3590. The entire debate can be summed up into two main groups, those who think that the government can run health care and those who believe that the free market can run healthcare.…
The Obama healthcare plan has raised a lot of eyebrows especially those of lobbyist and this is what they had to say about his healthcare plan. Will Newton, executive director of the National Federation of Independent Business/Texas stated, His organization supported the court’s opinion, but his team of lobbyist is headed to try and get Congress to repeal the Patient Protection and Affordable Care Act and exchange it with something more affordable. (Newton, 2012). He goes on to say how the act never mentioned anything about the cost, members of his organization confirmed that prices had indeed increased and had risen over 110 percent in the last decade. Small and large business owners want to drop employees’ healthcare benefits, due to the fact that…
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…
The Patient Affordable Care Act also known as the Obamacare was created on March 23, 2012. The Affordable Care Act is a health care law that aims to ensure that all Americans have access to quality, affordable healthcare by increasing access to health coverage for Americans and introducing new protections for people who already have health insurance this law will hopefully create the transformation within the health care system necessary to contain cost. The ACA law puts in place comprehensive health insurance reforms that will roll out over four years and beyond, with most changes taking place by 2014. The Affordable care act has nine titles which help in addressing the reform quality, affordable health care for all Americans, the role of public programs, improving the quality and efficiency of health care, prevention of chronic disease and improving public health, health care workforce, transparency and program integrity, improving access to innovative medical therapies, community living assistance services and supports, and revenue provisions. Within those nine titles I’ve chosen to expand on two areas prohibiting denials of coverage based on pre- existing conditions and helping young adults by requiring insurers to allow all dependents to remain on their parents plan until the age of 26.…
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.…
Obamacare is a act that is very controversial to this day. This paper is going to examine the pros and cons of the affordable healthcare act.…
The Affordable Care Act (ACA) is considered to be one of the most radical health care moves in legislation after Medicare. The reason being that it will provide universal health coverage to everyone regardless of circumstance. An evaluation of ACA’s influence on health care will be evaluated in this paper.…
In his speeches, Obama has promised Americans that they will be able to keep their existing health-care coverage but the proposed bills tell a different story. Both bills necessitate that Americans buy approved plans that have a number of universal benefits or face penalties. Even with a five year grace period given to big employers to convert to the new plans, there will be no options if the bills are passed. Choosing what benefits are included in one’s health-care plan often times saves money that could put food on the table for a struggling family. Several states have already imposed a list of required benefits for health-care plans; everyone from “chiropractors to alcohol-abuse counselors” competes to be included on lists of required benefits (Tully). This competition is one reason health-care costs continue to…
The Patient Protection and Affordable Care Act is an act that generally lets everyone have health care, and is supposed to make health care cheaper. The idea of this plan is to reduce the cost of health care over a decade by 1.2 trillion dollars making everyone get health care. Overall studies have shown that in the first decade it actually cost 3.2 trillion dollars to insure everyone, and that is not good at all. There are many good parts of medicare like how it benfits small business, and it allows for parents to let their kids stay on their own insuramce plan until they are 26 which actually earns health insuracne companies for money in the long term. However the Obamacare will actually hurt the middle class, and more than likely increase health insurance cost for everyone. This wiill ultimately hurt our budget deficit recovery plan which is the whole reason…
The Affordable Care Act requires that insurance plans cover precautionary services and stops insurance companies from dropping you when you are sick, as well as offering you a number of other reforms and protections. ObamaCares goal is to provide affordable health insurance for all citizens of the United States of American and to reduce the growth in health care spending. ObamaCare does not replace private insurance, Medicare or Medicaid.…
Affordable Healthcare Act is the new government healthcare that provides health insurance to Americans who may not be able to afford care, unemployed or/and a senior. Affordable Healthcare Act is a benefit to millions of Americans but can also affect millions who won’t have use of Affordable Healthcare Act. Many Americans are unable to afford healthcare due to the expenses of having insurance. On the other hand Americans who can afford care have a fear they may need to pay a higher rate. Obama has taken his time and making sure he takes all the steps needed to launch the Obama Care. Affordable healthcare act has brought out a lot of different options such, as could this be the right move for American’s or not.…
Over the years, healthcare has gradually become one of the major issues that have government officials concerned. In 2011, an estimated 44 million people living in America were uninsured, while another 38 million had inadequate health insurance. That number is increasing each and every year due to the fact that our economy has been in a slump recently, and because our nation has spent a majority of our federal funding to support warfare, our government had to cut back on allot of public programs. With the lack of money in circulation, many business owners have had to cut back on wages as well as their employees. Majority of uninsured people state that they do not have health insurance simply because they just cannot afford it. In an attempt to create a solution, President Barrack Obama came up with a universal healthcare program called the Patient Protection and Affordable Health Care Act, also known as Obamacare. In this paper, key points that will be discussed are how the program works, its pros and cons, if it raises any issues with federalism and if the program is actually helping our nation’s healthcare crisis.…