Obamacare History

On March 23, 2010 Obama signed off on the Patient Protection and the Affordable Care Act also known as ObamaCare. President Obama has been moving forward with this program to help create affordable healthcare for U.S. citizens (especially those in poverty).

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

Expansion of the Medicaid coverage to all new eligible adults and increase fee for service and managed care by primary care physicians will be financed by federal funding. This will cause an outreageous increase in the Federal deficit from the historical 2.9% Gross Domestic Product to more than 20% by 2050.

The Patient Protection and Affordable Care Act (PPACA), commonly called Obamacare, or the Affordable Care Act (ACA), is a United States federal statute signed into law by President Barack Obama on March 23, 2010 (Martin, 2015). It is designed for Americans to have insurance or be penalized with 1% of your income for the beginning of last year and will raise up towards 2.5% by the beginning of 2016. Also, health care reform was created to fix our health care systems since the cost of the systems is increasing every year in price. The goal of ACA is to help out the insured with being provided with quality care through health care organizations. Thus the ACA is intended to prevent the uninsured from catastrophic medical expenses which not only

Recently, there have been various issues being debated in the American healthcare system. While many of these issues have been debated amongst for many years, they have recently been debated and focused on more heavily due to the change of Presidents. One of the most leading problems that is being debated right now is the cost of health insurance. Originally, the Affordable Healthcare Act was supposed to make healthcare insurance affordable and more attainable. A few years after the Affordable Healthcare Act was implemented; it became evident that it was a failure for the most part. In a vast majority of cases, it failed many Americans. The Affordable Healthcare Act in many cases has made healthcare insurance less affordable for the American

The Supreme Court 's favorable ruling on the Affordable Health Care Act allowed for healthcare to be available for many Americans who would otherwise not receive medical benefits. This is because it increases the number of people covered by Medicare/Medicaid, and lowers the cost of insurance through employers. While this idea is good in theory, paying for it is a challenge due to the fact that it will only add to the nation’s already enormous debit of several trillion dollars (Mulvany, 2012). From 2010-2019, the United States is predicted to spend around 400 billion dollars on healthcare. This prediction has prompted lawmakers to reduce spending on Medicare, Medicaid and other welfare programs. The spending cuts will result in less people getting the care they need due to the limited availability of money for care and the increase in the number of beneficiaries receiving

While projected growth is faster compared to recent experience, it is still slower than the growth experienced over the longer-term history. By 2022, the ACA is projected to reduce the number of uninsured people by 30 million, add approximately 0.1 percentage-point to average annual health spending growth over the full projection period, and increase cumulative health spending by roughly $621 billion. Health spending is projected to be 19.9 percent of GDP by 2022.

Many people have a lot of questions when it comes to the new healthcare reform law. First off Obamacare is formally called the Patient Protection and Affordable Care Act. The Patient Protection and Affordable Care Act is the healthcare reform law that was signed in 2010 and now many states have opened their health insurance marketplace exchanges as of October 1, 2013.

Obamacare or Affordable care act (ACA) refers to the healthcare act introduced by President Obama in 2010 and represents one of the significant healthcare reforms since the passage of Medicare and Medicaid in 1965. The primary purpose of the reform was to increase the quality and affordability of health insurance, expand the reach of insurance, and reduce the costs of healthcare for both individuals and government.

The Patient Protection and Affordable Care Act, commonly called Affordable Care Act or, more informally known as, Obamacare, is a United States federal ruling signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act amendment, it represents the most drastic refurbish of the United States healthcare system since the Government passed the Medicare and Medicaid in 1965(healthcare.gov). This act is supposed to make primary doctors and hospitals transform their practices and policies to make it more accommodating for all civilians. This means they would transform everything about their

Obama promised to lower the premium price for each family up to $2,500. That is huge because they can spend that money on something else. Obama also said that “ whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill” (heritage). He is simply saying that his Obamacare system will reduce the price for almost everything.

More people are enrolling and taking advantage of government subsidies and Medicaid expansion as costs in healthcare rises. At the beginning of March 2015, the projection of ACA cost was at $1.201 trillion spread over 2016 to 2025 (about a decade). This is a drop from what was predicted in January 2015 at $1.35 trillion giving a 7% decrease from April of 2014. All in all, the net amounts include the Marketplace coverage provision, Medicaid growth, tax credits from employers, and Children’s Health Insurance Program. Revenue is also generated from money paid from penalty, and tax elimination. ACA will just get better because of decrease in healthcare costs due to Medicare transformation as Medicare expenses are calculated distinctly in the budget predictions, whereas it contains a greater part of ACA ITSELF. This is good news because the health care costs is the lowest it has been in the last 50 years.

A newest way to finance health care now days is the health care reform which it is also called Obama Care. The Affordable Care Act was signed into law in 2010. The main objective behind the Affordable Care Act was to ensure that affordable health care insurance was available to every U.S citizen. This law is an extensive document that contains many regulations and laws that relate not only to health care but also to the regulation of insurance companies. One of the best known regulations is that group health plans can no longer put limitations or deny benefits to individuals under the age of 19 due to pre-existing conditions and individuals under the age of 26, are now eligible to be covered under their parents’

The Patient Protection and Affordable Care Act (a.k.a. Obamacare) was signed into law by President Barack Obama on March 23, 2010. While the act is directed at addressing one of the country's most pressing problems, it generated much controversy as a consequence of the ethical dilemmas that it brings on. The act provides individuals with a wider range of choices and control over their health coverage. It provides a series of benefits such as people getting lower costs on coverage, several important health benefits being covered in the Marketplace, more help in local areas, and pre-existing conditions being covered. However, it also involves a legislation claiming that most people have to have health coverage by 2014, with those who do not have it having to pay a fee.

The Affordable Care Act (ACA) is a health reform law that was signed by President Barrack Obama on March 23, 2010. The full name of the law is the Patient Protection and Affordable Care Act (PPACA). One week later the President also signed a law called the Health Care Education and Reconciliation Act (HCERA), which was a supplement that made several changes the PPACA. What the country currently refers to as the ACA or "Obamacare" is both of these laws combined. (McDonough, 2012)