What Is Affordable Care Act - 1663 Words

What is Affordable Care Act? It is a federal statue, which is a bill passed by Congress and signed into law by President Obama in 2010 (Fordney, 2017). Quality care, positive outcomes and access to affordable health care insurance has been an issue on the priority list of government officials. With this healthcare change the objective is to enhance access to care and expand insurance coverage for all Americans. The law incorporates expansions to be established, including the improvement of Medicaid eligibility. Also, the development of medical coverage exchanges, which will give buyers security and flexibility of healthcare coverage. To diminish cost to buyer’s new models for payments was established, thus improving the way care is†¦show more content†¦Any individual not obtaining health insurance will pay a tax penalty of six hundred and ninety-five dollars and a half percent of taxable income. Each year the fine will be increased by the government based on a cost-of-living adjustment (Sanger-Katz, 2014). While rumors lingered on how Affordable Care Act would affect seniors with Medicare. A better understanding of how it will influence seniors and other Medicare recipients with the act in place. The first benefit Medicare recipients will see differences in the preventative care services. This includes colonoscopies and mammograms will be at a reduced rate. Additionally, a wellness visit each year at no charge. Prior to this act these would have been charged or have been an out of pockets expense. Additionally, each Medicare recipient will receive a year wellness visit at no charge. Finally, fifty percent markdown for medicines secured under Part D of Medicare, including brand name products. This will generate lower costs of prescriptions for all Medicare recipients. The that Affordable Care Act creates a reduction in waste, fraud and abuse, which will provide a twelve-year extension of Medicare allowing savings on premiums and coinsurance. Medicaid which is a government ins urance program that is based on the income of all United States citizens. The eligibility for this program will be established using theShow MoreRelatedWhat is the Affordable Care Act?844 Words   |  3 PagesYou and The Affordable Care Act. There are so many people here in the country that is not getting their complete health care coverage because of preventable conditions. Most Americans only receive half of the services suggested. The Affordable Care Act is mainly directed to the needs of Americans in need of healthcare that are not already covered. Lets take a look at how the ACA (Affordable Care Act) exchanges work. If you dont have insurance with your job or cannot afford insurance or the insuranceRead MoreWhat Is The Affordable Care Act?861 Words   |  4 PagesThe Affordable Care Act (ACA) was the biggest milestone to date in American health care policy (Saldin, 2011). There is nothing more complex or controversial in recent history than the passing of the ACA in 2010 (Davidson, 2016). The three goals of the ACA are to expand access to quality care with affordable insurance for all, work with innovation to lower health care cost, and shift focus from treatment to prevention (Rosenbaum, 2011). The main goal behind the ACA was to provide access to affordableRead MoreWhat Is The Future Of The Affordable Care Act?1014 Words   |  5 PagesAs the open enrollment period for health insurance under the Obamacare marketplace kicks off, many people remain unsure about the future of the Affordable Care Act and whether or not the law is still in effect. In fact, many Americans believe the law was repealed by the Trump administration and have no intention of pursuing healthcare on the open marketplace. According to CNBC.com, almost one in four Americans believe Donald Trump repealed or partially repealed the law. Some Americans believe TrumpRead MoreWhat Is The Implementation Of The Affordable Care Act990 Words   |  4 Pagesformer President, Barack Obama signed this act into effect. The purpose of this act was to allow all Americans to obtain health insurance at an affordable rate, especially the unemployed or those individuals earning a low income. It also was put in place to gu ard individuals from insurance companies denying coverage due to a chronic disease or pre-existing conditions. Within the first five years of being implemented more than 16 million individuals had health care coverage (Roland, 2015). The followingRead MoreWhat Is The Impact Of The Affordable Care Act?915 Words   |  4 Pageswill be affected with repeal of ACA for children Sukainah Al Shahab Course code Instructor’s name Institution November 11, 2017 Introduction/Overview Affordable Care Act came as a great relief to children. Statistics indicate that more than 95 percent of children are covered by Medicaid (Juan, 2016). On other hand, ACA was like a dream come true for a universal health coverage for children. With ACA, 100 percentRead MoreWhat Is The Implementation Of The Affordable Care Act?1012 Words   |  5 Pages Implementation of The Affordable Care Act has addressed some issues surrounding HAIs. For instance, section 3008 of ACA recognized the HAC or hospital acquired condition in the Reduction Program to further reduce HACs and improve patient quality. In this program, the ACA seeks to establish a monetary incentive through CMS that will encourage hospitals to reduce HAC or HAIs. Since most not for profit, public, and even large hospitals receive some form of funding through CMS from MedicareRead MoreWhat Is The Efforts To Repeal The Affordable Care Act?919 Words   |  4 PagesIn a recent Kaiser Health News ar ticle, Dembosky Lopez (2017) detailed the dramatic redistribution and repercussions the Graham-Cassidy bill--the latest effort to repeal the Affordable Care Act (ACA)--would have on two populous states, namely California and Texas. California was an early adopter of the Affordable Care Act (ACA), also known as Obamacare, and participated in the Medicaid expansion. Texas did not participate in the Medicaid expansion and has not received the federal subsidies thatRead MoreWhat Is Patient Protection And Affordable Care Act1331 Words   |  6 PagesHR 4872- HEALTH CARE AND EDUCATION RECONCILIATION ACT This bill makes a number of health-related financing and revenue changes to the Patient Protection and Affordable Care Act and modifies higher education assistance provisions (â€Å"HR†¦2010† 2010). TITLE SEC. 1202. PAYMENTS TO PRIMARY CARE PHYSICIANS. IF ANYTHING IS HAPPENING IN THIS AREA CURRENTLY CY 2017 Physician Fee Schedule Proposed Rule with Comment Period This was placed to be presented at the Federal Register on July 7, 2016. It updatesRead MoreWhat I Learned About The Affordable Care Act990 Words   |  4 PagesWhat I learned about the Affordable Care Act is that it is there to help the poor, but not many people support Obamacare. There are numerous reasons as to why some people do not like Obamacare, one of the main reasons being they do not want their taxes going to something they do not support such as abortion. In a claim to protect their 10th amendment right, people are trying to get out of paying taxes. But, eventually everyone in America will have health care, and for the people with preexistingRead MoreWhat Is The Effects Of The Patient Protection Affordable Care Act?747 Words   |  3 Pages The American Health Care Act of 2017 is the US congress bill passed to repeal the Patient Protection Affordable Care Act release by the House of Republicans on March 6, 2017. The ACA was one of the leading reform of the healthcare industry in USA which was enacted by 111th congress under President Barack Obama in 2010. The major reason behind the AHCA bill of 2017 is to repeal the parts of Obamacare in vicinity of federal budget including individual mandates, employer mandates and various other