Preview

obamacare

Good Essays
Open Document
Open Document
829 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
obamacare
Obamacare 's health care reform does a number of important things including offering Americans a number of new benefits, rights, and protections in regards to their healthcare and setting up a Health Insurance Marketplace where Americans can purchase federally regulated and subsidized health insurance ( Obamacare). Lawmakers passed a law that requires nearly all Americans to carry health insurance or pay a fine if they choose not to be covered. Healthcare government states that the Health Insurance Marketplace will give people more choice and control over their health coverage. The Marketplace will operate in all states, so no matter where you live you’ll have access to coverage and it’s also you can compare coverage options based on price, benefits, quality, and other features important to you. You can choose the combination of price and benefits that fits your budget and meets your needs. This health care reform expands insurance coverage by requiring that people secure it. What are the pre-existing condition affect the price of health insurance? How would it affect our supply and demand health care?
Trisha Torrey wrote on her article that, once January 1, 2014 rolls around, the Pre-Existing Condition Insurance plans will no longer exist for anyone who has them now. There will be no need for the Pre-Existing Condition Insurance Plan (PCIP) because pricing distinctions between those with, or without, pre-existing conditions will be illegal. She also states, By Fall 2013, new plans will become available through each state 's health exchange program, and patients with pre-existing conditions will be able to take advantage of the lower costs that will accompany those exchanges. All patients who need individual health insurance will make their choice for 2014 and beyond from those new plans.
Why do insurance companies exclude pre-existing conditions? Bill Conerly, Ph.D. and author of Businomics Blog reports, we economists call it "moral hazard." If people have



Cited: Conerly, Bill. "Health Care Reform: Supply, Demand, Price Effects and Shortages." businomics blog.N.p., Mar. 2010. Web.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    efore this health reform law was executed, the insurance companies had the rights to refute the coverage and deny the treatments for people with pre existing condition. They would eventually been charged with a big amount of fee. Also, the companies would probably set a less lifetime limit for their insurance coverage sooner or later. These charges and the disadvantages could affect certain people’ financial in a very serious way. This is because, in the United States, the treatments for some illnesses are very costly. The more serious the illness is, the more cost those people need to pay for. Sometimes, it will cost the people at the condition where the people couldn’t even be able to…

    • 118 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    The Affordable Care Act is the greatest overhaul of the US health-care system. One of its key reforms includes health coverage for adults with pre-existing conditions, which generally hadn’t been available until now. The Affordable Care Act was signed into law by President Obama in March 2010. The act will extend insurance to more than 30 million uninsured people.…

    • 91 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Class Hcs 440 Week 4 Dq 1

    • 350 Words
    • 2 Pages

    Notwithstanding sweeping changes in the area of preexisting conditions under the new Health Care Reform Act of 2010, should individuals with preexisting conditions be able to purchase health insurance at the same cost as those without such conditions? Why or why not?…

    • 350 Words
    • 2 Pages
    Good Essays
  • Better Essays

    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…

    • 1408 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Wall Street Journal, What Health Insurance Ruling Means, June 28, 2012; NPR, Medicaid Expansion, June 27, 2012,…

    • 774 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Affordable Care Act or Obama Care is a United States federal statute law stating that all people must have health care coverage. The Affordable Care was created to make health care affordable while also increasing the quality of health insurance. This law required locations like clinics and hospitals to accept all people if it’s covered by Obama Care. It’s also supposed to limit companies to charge a higher rate because of a pre-existing condition or because of one’s sex. The Obama Care was created to help the American people have affordable health care.…

    • 1309 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    The Affordable Care Act will cut the number of uninsured Americans by more than half. The insurance coverage will cover ninety-four percent of the American population, which reduces about thirty one million uninsured people. One of the substantial changes to our health care system includes having individuals carry health insurance and prohibiting insurers from denying health insurance coverage due to preexisting condition. It will change the focus of our nation’s health care system from treating sick people to prevention, increasing access to care and ensuing quality health care for everyone.…

    • 293 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Pre Existing Conditions

    • 504 Words
    • 3 Pages

    Healthcare has many policies and many things may change at any given time. In fact individuals with pre-existing conditions have a hard time finding insurance that will be willing to insure them. I find this to be a great topic for that matter. Disease and bad health in some cases may be something that you just can’t help or control. For example, a young woman has been diagnosed with kidney failure and is need of having a kidney transplant. A kidney transplant is an expensive and dangerous procedure. For this young woman after the transplant had been completed she had then been denied coverage through that insurer which left her with $1500 worth of prescription medications that she was now responsible to pay out of pocket for because she could not receive coverage from any insurers.…

    • 504 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Rising Health Care Costs

    • 356 Words
    • 2 Pages

    There have been numerous horror stories in the news of individuals who were denied coverage based on pre-existing conditions, or cases where individuals had to raise the money to cover a procedure their health insurance denied. Before the ACA became law, health insurance policies could deny a person based on a pre-existing condition. In this case, by denying the individual a policy, the insurance company would not be responsible for a potentially expensive medical bill. For the individual that is in need of health insurance this would be a very undesirable consequence.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ever since this new act was passed and accepted by our three branches of government, new regulations were imposed on insurance companies. Prior to Obamacare, insurance companies would get their revenue from different sale variations depending on the consumer. Currently, insurance companies are at high risk in the view of the fact that they can't deny selling their services to Americans in their pre-existing conditions and are incapable to charge higher, rates based on the consumer's health status or gender, so as this new benefit, rights, and protections are guaranteed, companies augmented their rates/costs to retain their business…

    • 554 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Downfall Of Obamacare

    • 159 Words
    • 1 Page

    ObamaCare or the Patient Protection Affordable Act established in 2010 has been booming since. It was estimated that ObamaCare would cost approximately from 900 billion to 1.76 trillion more over debt. This program was established to give patients with low income a better advantage in picking out an insurance. The plan costs so much because it adds money to hospitals and different establishments which require that to effectively run the plan. The true purpose of this plan was to bring the costs of medicaid and medicare down for each patient so they can have healthcare coverage, but the patient must stick with the plan for 9 months otherwise the patient will be taxed. One downfall to this is that many companies had to shut down their healthcare…

    • 159 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The policy to be analysis is The Affordable Care Act (Obama Care) that was implemented in 2010. The Affordable Care Act is a very comprehensive and now complexed health care system that is being changed. Over centuries there has been many reforms, discussions and controversies surrounding the debate over affordable health care for Americans and their families. And Obama Care is proposed to be what Americans can benefit from and afford. However, there is a downside to this insurance. The individual or family will get the medical help they need but, they still have to pay a co-payment monthly even if they are not sick. With that being said, there is a loss for insurance companies as well. If a person have a pre-existing condition, the…

    • 911 Words
    • 4 Pages
    Good Essays
  • Good Essays

    3) It enables patients with pre-existing conditions to change jobs without worrying that their medical conditions would not be covered under a new employer’s health plan.…

    • 254 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Obamacare

    • 422 Words
    • 2 Pages

    Earlier this year, United, which has publicly supported the Affordable Care Act, announced that it would pull out of the individual market in California. A company representative said it withdrew because its individual plans have never had a huge presence in the state. According to United, and in compliance with state law, the company won't be able to re-enter the California individual market until 2017.…

    • 422 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Obama Care

    • 450 Words
    • 2 Pages

    It looks to me as if our doctor-Patient privileges will be lost soon I mean what I see happening is the government turning our doctors into federal agents with their new requirement no matter the reason you are seeing them for, “Are you sexually active? If so, with one partner, multiple partners or same-sex partners?” Be ready to answer those questions and more the next time you go to the doctor, whether it’s the dermatologist or the cardiologist and no matter if the questions are unrelated to why you’re seeking medical help. And you can thank the Obama health law.…

    • 450 Words
    • 2 Pages
    Good Essays

Related Topics