The Affordable Care Act (ACA) is the nation’s health reform law that was put into place in 2010. ACA consist of two pieces of legislation: the Patient Protection and Affordable Care Act (PPACA), enacted on March 23, 2010, and the Health Care and Education Reconciliation Act (HCERA), enacted on March 30, 2010 (About the Law). Jointly they are referred to as the Affordable Care Act or ACA. The ACA will be implemented in stages. The ACA aims to reform both our nation’s public and private health care, and ultimately providing health coverage to over 25 million Americans by 2023 (About the Law). One of the most important aspects of the ACA is the employer mandate. “The employer mandate is officially part of the Employer Shared Responsibility provision under the ACA, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the availability, quality and affordability of health insurance coverage in the United States” (cite).…
ACA or the Obamacare has two main focuses, which also known as root causes. They were to increase insurance coverage and cut down cost. With mandatory insurance coverage and introduction of out of pocket limits (the maximum amount of costs for covered services paid out-of-pocket) for individuals and households, the government is trying to prevent the excess health care expense burden that people face due to varying health insurance policy (Bose, 2016). The major coverage provisions of the ACA went into effect in January 2014. The law instituted new national standards for private insurance sold to individuals and small groups in the United States (Rosenbaum, 2011). Insurers selling health plans in these markets can no longer set prices on the…
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.…
The Affordable Care Act or ACA has been a very controversial law. The Affordable Care Act contains many benefits, particularly for low and middle income families and businesses. The Affordable Care Act also contains some obstacles for high earners, and larger firms that don’t insure their employees.…
The next section brings out the information gathered from the primary study. It is significant as the primary sources are believed to be more reliable. For primary study, the officials from EWG were interviewed and they shared their experiences and viewpoints on how the ACA will be going to affect them.…
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.…
The health care reform law, the Affordable Care Act (ACA), has many complex requirements for employers and health plans. Many employers are starting to focus more attention on the ACA’s rules and, as a result, have more questions than ever.…
The Patient Protection and Affordable Care Act also called the Affordable Care Act (ACA) was signed into law on March 23, 2010. It has been the source of many heated political debates and has been under scrutiny since its inception. Currently, 18 percent of our U.S. gross domestic product is spent on healthcare, that equals out to approximately 2.9 trillion dollars and we don’t have the quality care to show as the results. With the costs continually increasing and the lack of positive results, something has to change in our healthcare system. The Affordable Care Act is the cornerstone to help initiate these changes.…
The Patient Protection and Affordable Care Act will improve the quality and efficiency of U.S. medical care services for everyone. It allows substantial investment to improve the quality and delivery of care and make health care accessible to all Americans, particularly the uninsured.…
The Affordable Healthcare Act is a health care law that gives Americans more affordable and accessible health insurance, so they can be back in charge of their health care. It was originally called the Patient Protection and Affordable Care Act (PPACA) in 2010 and is now called Affordable Care Act (ACA) or ObamaCare for short. The law was made with the intention of improving the quality and lowering the cost of healthcare. The act provides small business health insurance tax credits, provides free preventive care and protection from health care fraud, provides coverage for young adults, expands coverage for early retirees, allows states to cover more people on Medicaid, and much more.…
2. Describe the circumstances at which you would prepare a strategic plan to include this new law in your marketing decisions, knowing this new law may or may not take effect.…
The history of the Affordable Healthcare Act is not one to enjoy, but to cherish the memories while still alive. The article, Obamacare with Howard Waitzkin and Ida Hellander states the there were European countries that came together in the 1990s to make a competition that would end up into an insurance. This turned into a non profit insurance companies that were mostly located in the United States. The idea of Affordable Healthcare Act is from the past of the 1990s, that slowly made its way to the center of the American people. Fast forwarding to the year 2006, a law was made for to require all states to buy insurance for their company if they did not so already. The American people will agree due to the fact that now that their bosses…
On March 23, 2010, the Affordable Care Act was signed into effect by the president and was upheld by the Supreme Court on June 28, 2012 ("Read the Law | HealthCare.gov", n.d). The Affordable Care Act has 10 titles to the law and under each title are sections. This law has brought on much controversy and has many negative and positive impacts. There are also some very drastic changes that this law will help make for our country and their impacts can be either negative or positive.…
President Obama 's plan to insure healthcare for all marks a positive step for the well – being of our country 's citizens. Still, the Patient Protection and Affordable Care Act (PPACA) also known as ObamaCare has been one of the most controversial topics of our time. In order to understand why this is such a controversial topic we must understand exactly what this act means to the people. The Patient Protection and Affordable Care Act (PPACA) states that with limited exceptions, every resident of the United States must have health insurance that must meets certain basic requirements. Beginning in 2014, individuals who do not acquire health insurance will be subject to a fine. This fine will rise over time, reaching $895 per person or 2.5 percent of income, whichever is greater, by 2018. Beginning in 2014, each state is to establish an Affordable Insurance Exchange. Separate exchanges are to be established for individuals and small businesses with fewer than 50 employees. The intention is that private insurance companies will compete by offering policies on the exchanges to individuals and small businesses. Low – income individuals and small businesses with 25 employees or less will be eligible for tax credit to offset the cost of buying health insurance. For the employers, beginning in 2014, every firm with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan. Firms with more than 50 employees must offer health insurance or pay of $3,000 to the federal government for every employee who receives a tax credit from the government for obtaining health insurance through their state 's health exchange. The government plans to regulate insurance companies by requiring all insurance to participate in a high – risk pool that will insure individuals with pre – existing medical conditions and were unable to get insured.…
The health care reform act was enacted in order to make health care affordable for everyone and improve the current healthcare system. This is the first major overhaul of the healthcare system since the enactment of Medicare and Medicaid 1965. The Healthcare Reform act, now known as Obama Care, was signed into law on March 23, 2010 and was upheld in the United States Supreme Court on June 28, 2012.…