AFFORDABLE CARE ACT 1 Affordable Care Act Upper Iowa University AFFORDABLE CARE ACT 2 Abstract The Patient Protection and Affordable Care Act (PPACA) is also known as the Affordable Care Act (ACA) this law is the landmark health reform legislation passed by the 111th Congress and was signed into law on March 23, 2010. The legislation includes a long list of health-related provisions that began taking effect in 2010 and will continue to be rolled out over the next four years. Provisions are intended to extend coverage to millions of uninsured Americans, to implement measures that will lower health care cost and improve system efficiency, and to eliminate industry practices that include rescission and denial of …show more content…
This Act is completely optional and will offer various services if the time comes that those services are needed. AFFORDABLE CARE ACT 5 In Title IX named, Revenue Provisions, will provide a middle-class tax cut to help those families and small business owners have more affordable insurance coverage ("Read the Law | HealthCare.gov", n.d). In Title X named, Reauthorization of the Indian Health Care Improvement Act, will do exactly as the name says; reauthorize the Indian Health Care Improvement Act by modernizing the Indian health care system ("Read the Law | HealthCare.gov", n.d). Negative Impacts The negative impacts of healthcare reform to health systems are significant in that health systems are preparing their resources on developing Accountable Care Organizations (ACO) for bundled payments and population-based reimbursement. In this economy the impact to health systems may require healthcare systems to figure out ways to continue to keep positive financial performance due to the cost-reduction of healthcare reform. For some time now, health systems have subsidized their losses from the Medicare and Medicaid systems by contracting with commercial payers for their premium rates. As a result of the healthcare reform, cost shifting will shrink. Another negative impact over the next few years will be the large shift in health plan enrollment. Less people will be covered by highly
With the enactment of the Patient Protection and Affordable Care Act (PPACA) in March 2010, health care reform has become the law. The legislation will extend health care coverage to more citizens, stabilize health insurance markets, enhance regulation and consumer protection, and improve the affordability and quality of health care in the United States. Changes in payment system of health care proposed by PPACA have led to the development of Accountable Care
I will compare the current health care system with the new Patient Protection and Affordable Care Act (ACA) that became law on March 23, 2010. The current system, which is being phased out between 2011 and 2018 is increasingly inaccessible to many poor and lower-middle-class people. About 47 million Americans lack health insurance, an increase of more than two million people from 2005 (Rover, 2011) the increasingly complex warfare between insurers and hospitals over who pays the bills is gobbling up a great deal of money and the end result is that the United States pays roughly twice as much per
The Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA), is far–reaching enactment that will change how a large number of Americans access health care. The intent of the ACA was to increase the number of insured, increase quality of care and making it affordable for everyone by reducing the costs and expanding coverage. Under the act medical providers such as hospitals and primary care physicians will have to change their practice financially, clinically and technologically in order to have better outcomes, lower costs and have better methods of providing care. The ACA also includes provisions that require all Americas to secure medical coverage or pay fines and it requires insurance companies to accept all applicants.
Affordable Care Act (Obama Care) has serious implications in almost all the sectors of the US healthcare system. The health insurance companies are the greatest losers because of Obama Care. What they believed to be a sound policy that would help them and increase their earnings, has turned out to be a bad policy. I feel that Obama Care is battering the health insurance companies. I agree that the concerns raised by the US healthcare system are valid. It is true that the Obama care policy has not been of great benefit to their businesses. Companies have been suffering significant losses because of Obama Care. It is unfortunate that the advocates of Obama care continue to argue that the Obama care is of great benefit to the insurance companies, yet they do not have a better understanding of what the insurance business entails. While they projected that the policy was going to increase the revenue of the insurance companies due to the many subscribers, they do not consider that companies are making losses. It is very true that Obama Care is impacting healthcare providers negatively. The concerns of the US healthcare system are also supported by other insurance companies who are complaining about the same issues. The US healthcare system should take a step and refrain from taking any other policies related to Obama Care. It is not viable to continue making losses since the same will affect businesses growing concern. Obama Care was expected to support the insurance companies,
The Affordable Care Act, also called the ACA or Obamacare, is a health care reform law in America. The Affordable Care Act is a long, complex piece of legislation that attempts to reform the healthcare system by providing more Americans with affordable quality health insurance and by curbing the growth in healthcare spending. The law includes new benefits, rights, and protections, rules for Insurance Companies, taxes, tax breaks, funding, spending, and the creation of committees, education, new job creation, and more. The ACA includes 10 titles that address reform the U.S. healthcare system. Some of the provisions include eliminating lifetime and unreasonable annual limits on benefits. It mandates that EHB (or essential health benefits) must be included on all new plans. These benefits include ambulatory services, emergency care, hospitalization, maternity and newborn care, prescription drugs, mental health and substance abuse services, rehabilitative services and devices, labs, chronic disease management and oral and vision care for children. The new law prevents individuals from being dropped from their coverage for any reason other than fraud. The ACA requires coverage of preventative services and immunizations and of dependents up to the age of 26 years old. The law also provides assistance for individuals with preexisting conditions. The ACA also caps insurances companies’ non-medical and
The Patient Protection and Affordable Care Act (PPACA) or Affordable Care Act (ACA) for short, is the new health care reform law in the United States of America and is often referred to by its nickname Obama Care. The Affordable Care Act was signed into law on March 23, 2010, to reform health care in the United States of America. ACA is a part of the Democratic Congress and President Obama’s efforts to reform the American health care system in order to provide health insurance to millions of uninsured American citizens and lower the expenses linked to health care. This new health care act is one that contains various enhancements to the quality and availability, as well as the affordability of health insurance. There have also been improvements with the new cost cutting measures, rules and regulations for both public and private health insurance companies along with the health care industry. Since the ACA was signed into law,
Expanding Medicaid to allow more consumers at the low-income families, or patients levels to qualify for health care insurance (Nichols, 2010).
The Affordable Care Act was implemented in March 2010 states several new requirements that not for profit hospitals organizations must meet to be compliant for tax exemption. The Internal Revenue Service developed new forms and guides to help implement the new section of Affordable Care Act. The requirements are listed under the Internal Revenue Code (IRC) Section 501(C)(3). This section affects not for profit organizations that operate one or more hospital organization and states four requirements that the organizations must meet at each facility they operate. The four requirements stated by the Internal Revenue Services (IRS) under the ACA are the following;
The Patient Protection and Affordable Care Act is a federal statute that was signed into law in America by President Barack Obama on March 23, 2010. It is divided into 10 titles.
The Affordable Care Act was signed into law in 2010, just over five years ago. Since then the healthcare industry, and even organizations outside the industry, have been affected in many ways; from new reimbursement models, opening healthcare exchanges, millions of individuals gaining insurance that they previously did not have, and a plethora of new regulations just to name a few. Although the law was passed in 2010, it wasn’t until 2014 that millions of newly insured participants entered into the system when much of the affects were initially recognized. However, even with two enrollment periods under our belt, a new enrollment period set to begin in a month, along with additional regulations still to be fully recognized, how the
The citizens of the United States are burdened with many hardships. Most of these hardships stem from poor political policies and programs set forth by past politicians. However, politicians cannot be the only blame. This country is relatively young. Our political policies are still in somewhat of a “beta” period. We only learn from trial and error. This country is in the middle of a political shift. Now is the time to make the necessary changes to mold and shape our future society for the better. Far too long have Americans been denied basic necessities such as education, food, employment, and most importantly healthcare. The healthcare crisis has been the topic of debate for many years among politicians across all the governmental factions. The catalyst applying the brake on healthcare progress has been a strong division of politicians on what is ethical and what is legal when it comes to the government putting its foot in the door. Along with that debate there is also whether or not the government should do anything at all or just let the private sector and the citizens hash it out. Throughout U.S. history many attempts have been made to reform our healthcare system to no avail. Healthcare reform is clearly an issue that takes great socioeconomic knowledge and political tact. President Barack Obama is the first president to present us with such a plan. This plan is known as The Affordable Care Act or “Obamacare” (a term coined by a group of Republicans to disenfranchise
The authors of the article examine the Patient Protection and Affordable Care Act and talks about the effects it is going to have on the U.S. healthcare system. The ACA plans to do things like lower healthcare expenditures and make healthcare more accessible. It also plans to get 25 million previously uninsured Americans insured by 2019. The Patient Protection and Affordable Care Act was enacted on March 23, 2010 by President Barack Obama marking it the greatest policy change since the 1960s when Medicare and Medicaid was created.
On March 32rd, 2013, President Obama presented to Congress a Healthcare Reform Stimulus Act, in which he ensured will help all the American people save plenty of money on health coverage and medical expenses; such as, hospitalization and treatments. The Affordable Health Care Act, bill was put into law to cover recipients who was paying high premiums reduce their premiums and to insure uninsured recipients who could not afford to purchase coverage get it at a cheater cost. Without a doubt, universal healthcare is still considered one of the most challenging social problems that we have to deal with today. Even though, this issue is unsolved there is still a lot to discuss that need to be clarified concerning affordable healthcare. During presidential election in 2012 both parties the Republicans and the Democrats presented different viewpoints on this ideologies matter. Obama care new health care policy was put into action this to provide more coverage to a larger percentage of low–income working American, it is less cost effective and more within citizens spending budget. “AHRQ-funded researchers compared data on health maintenance organization (HMO) premiums in various markets. Premiums were lower in more competitive markets, where a high percentage of the population was enrolled in HMOs and many HMOs competed for their business” (AHRQ, 2002, Para. 13).
The United States in the past month has gone through a rollercoaster ride of events, from government shutdown to fiscal cliff deadline. All of these fall short to the main focus of this paper. The Patient Protection and Affordable Care Act (ACA) will affect every person in the United States however; I will focus on the benefits of the ACA on the rural American. The ACA was passed in 2010. On October 1st, 2013 the Patient Protection and Affordable Care Act began the launch of health care exchange and by January 2014 will be in full vigor. ACA is a new health care reform law that is also known as Obamacare. ACA is made up of four separate acts: Affordable Health Care of America Act,
The Affordable Care Act completely changed the patient landscape of health care safety nets with its implementation in 2010. In particular, its expansion of Medicaid significantly shifted uninsured patient healthcare provider utilization, from emergency departments and free clinics, towards community health centers and federally qualified health centers. Yet major gaps in healthcare coverage persist due to states choosing not to expand Medicaid, exclusion of undocumented immigrants, and misunderstandings of the ACA. Health care safety net providers must understand their changing demographics and the needs of vulnerable uninsured patient populations. In doing so, healthcare safety net providers will be better informed in regards to necessary changes needed to thrive in the post-ACA era.