Analysis of the Affects on Medicare Coverage and Medical Care Cost
Abstract
This paper explores the anticipated affects of The Affordable Healthcare Act, on Medicare coverage and the overall cost of medical care. This paper will serve to provide a succinct overview of the expected changes.
The Affordable Healthcare Act:
Analysis of the Affects on Medicare Coverage and Medical Care Cost
For many decades there has been mounting concern over the cost of healthcare, the availability of coverage, and the future of Medicare. Few agree exactly as to what is the best plan of action. Nevertheless, most people do believe that something has to be done about the current state of affairs regarding healthcare. The trend has been ballooning cost, reduced coverage availability, and skyrocketing indigent care. While the American population struggled to cover the expenses related to caring for an ever aging and chronically ill population. Although The Affordable Healthcare Act may not be everyone’s chosen solution to these problems, it is the law. Therefore, we must become familiar with it, and learn ways to make these legislative changes mutually benefit both patients and the healthcare industry.
Medicare is health care for the aged; a federally administered system of health insurance available to persons aged 65 and over. For most elder Americans, Medicare is the only means by which they can receive coverage for health services. It’s no wonder that many become very apprehensive about changes to this program and the coverage. According to Medicare.gov (2013):
Medicare isn’t part of the Health Insurance Marketplace established by ACA, so you don't have to replace your Medicare coverage with Marketplace coverage. No matter how you get Medicare, whether through Original Medicare or a Medicare Advantage Plan, you’ll still have the same benefits and security you have