The Impacto of the Affordable Care Act

In: Business and Management

Submitted By kristentaylor
Words 2089
Pages 9
Running head: THE IMPACT OF THE AFFORDABLE CARE ACT 1

THE IMPACT OF THE AFFORDABLE CARE ACT 2
The Impact of the Affordable Care Act The Affordable Care Act was signed into law in March 2010 by President Obama and has reformed the way health care is handled in the United States. The Affordable Care Act prohibits insurers from denying coverage for preexisting health conditions making it a landmark movement by trying to improve and control costs in health care. A significant impact has been made on the provision of health coverage to Americans, and is the most far-reaching law affecting managed care and insurance since the enactment of Medicaid and Medicare (Kongstvedt, 2013). By ensuring that all Americans have access to health care and are covered under some kind of policy, the Affordable Care Act is expected to give 30 million more Americans health insurance putting an increased demand on an already taxed workforce. According to Anderson (2014) the ACA breaks the promises of access and quality of care for all Americans by escalating the shortage and increasing the burden and stress on an already fragile system. Although there are many kinks to work out, health care reform is not only necessary, but it must happen in order to keep moving forward. Before reform our health care system was truly in crisis.
The Impact of the ACA on Current Practices in Health Insurance The ACA has changed a lot in health insurance and most changes were intended to go into effect within the first 12 months. Some immediate reforms such as restrictions on the use of annual and lifetime benefit limits, expansion of coverage to dependent children, access to emergency and preventive services, and creation of new mechanisms to provide health insurance information to consumers (Kongstvedt, 2013). For individuals who already…...

Similar Documents

Affordable Care Act

...In a 5-4 decision, the country’s highest court ruled the Patient Protection and Affordable Care Act constitutional, and does not exceed Congress’ scope of powers. In a 65-page ruling, the court ruled the individual mandate that requires most Americans to have health insurance or face a fine as constitutional, qualifying the provision as a tax. (Rapoza) While the commission covered by the Affordable Care Act is an imperfect system that does not mean it is not a good one. All of the minor details of the tax penalties the government will implement against those who do not have health insurance are not easy to decipher. The hospitals and health care providers feel very positive about this law because they are guaranteed patients who guarantees payment from the federal government, which should also mean premiums will go down as a result. I have no idea how people can claim that health insurers will suffer. In Massachusetts, they live under the predecessor of ObamaCare — the Massachusetts Healthcare Reform Act, signed into law by former governor Mitt Romney in 2006. (Rapoza) Under RomneyCare, 98 percent of Massachusetts’ residents have affordable health insurance. (Rapoza) Meanwhile, Massachusetts has not gone broke. Its unemployment level is currently 6 percent, better than the national average of 8.3 percent. (Rapoza) Companies are not going belly up because of RomneyCare. Private insurers operate in the state alongside the non-profit health insurers like Harvard Pilgrim and......

Words: 741 - Pages: 3

The Affordable Care Act

...The Affordable Care Act One of the most important health care moves in legislation after Medicare is the Affordable Care Act. The reason being is that it provides health coverage to anyone regardless of circumstance. The unofficial but widely recognized name for this act is Obama care. Obama care was officially signed into law on March 23, 2010. The aim of the Act is a health care law aimed at improving the health care system of the United States by widening health coverage to more Americans, as well as protecting existing health insurance policy holders. Together with the Health Care and Education Reconciliation Act, it represents the most significant government expansion and regulatory overhaul of the U.S. By 2014, the Affordable Care Act will give millions of Americans access to reliable, high quality medical care, while advancing programs to hold costs in check. Benefits of the law include, insurance subsidies for consumers, transparent exchanges to shop for insurance, new rules protecting consumers from insurance abuses, increased Medicare payments for physicians; and more. The Supreme Court's decision to uphold the Affordable Care Act ensures hard-working, middle class families will get the security they deserve and it also protects every American from the worst insurance company abuses. The way this law was designed was to specifically give states the resources and agility they need to adapt their approach to their distinctive needs. The benefits and protections......

Words: 1306 - Pages: 6

Affordable Health Care Act

...Affordable Care Act NUR/571 Affordable Care Act: Description The Affordable Care Act (ACA) was enacted March 2010. The Act is to provide better health security for Americans by putting comprehensive health insurance reforms in place that will •Expand coverage •Hold Insurance companies accountable •Lower health care costs •Guarantee more choice •Enhance the quality of care for all Americans (medicaid.gov) “The Affordable Care Act expands Medicaid coverage and makes numerous improvements to both the Children's Health Insurance Program (CHIP) and Medicaid ” (medicaid.gov). The actual document is a 974 page compilation of the major provisions put together by the office of the legislature. The major provisions as related to Medicaid and CHIP focus on the following: 1. Eligibility requirements – will fill gaps in current coverage for lower income Americans by minimizing eligibility levels for Medicaid across all states (medicaid.gov). 2. Financing - Starting January 2014 adults newly eligible for Medicaid will be fully funded by the government for a period of three years, then gradually reducing funding to 90% by 2020 (Medicaid gov). 3. Information systems and data management – Government financing will be provided for investment in data technology systems needed to get Medicaid systems up and running in time for the projected start date of January 2014 and for expanding Medicaid eligibility (medicaid.gov). 4. Coordination with affordable insurance......

Words: 1215 - Pages: 5

The Paradox of the Affordable Care Act

...The Paradox in the Affordable Care Act Submitted By: Vodney Wynn vewynn@aol.com October 12, 2014 PA582_CourseProject Table of Contents Introduction…………………………………………………………………………………………………………………3 The History of Healthcare Reform……………………………………………………………………………..…4 The Problem with the ACA……………………………………………………………………………………………6 The Current Policy………………………………………………………………………………………………………..8 Policy Alternatives………………………………………………………………………………………………………10 Evaluation Criteria………………………………………………………………………………………………………10 Policy Recommendation……………………………………………………………………………………………..12 Conclusion…………………………………………………………………………………………………………………..13 References………………………………………………………………………………………………………………….14 Introduction Recent health care reform legislation, The Patient Protection and Affordable Care Act and Education Reconciliation Act, which is now being referred to simply as the Affordable Care Act (ACA), was signed into law by President Obama on March 23, 2010. Since the 20th century, several United States presidents have faced challenges in passing national health reform into law. Before the ACA was enacted, national health reform proposals under different governments in the United States faced strong opposition from various stakeholders and multiple interest groups. Therefore, the enactment of the ACA is revolutionary healthcare reform in the history of the United States. Healthcare insurance is a program that assists in paying medical expenses through privately purchased......

Words: 4260 - Pages: 18

Affordable Care Act

...Affordable Care Act: Impact on Providers Quality vs. Quantity Abstract The Affordable Care Act’s proposal was to make sure that health insurance coverage is affordable for individuals, families, and businesses and decrease the amount of uninsured individuals. . Much of the impact of this act will begin when the major coverage provisions take effect in 2014. Providers will experience an increased burden in many aspects of their medical profession including new legal practicing liabilities, less autonomy, administrative encumbrances, shortages of primary care physicians, and political infringement (Horton, Hollier 2012). The provider is to maintain high quality of care while the ACA’s agenda is cost and quantity over quality. The Affordable Care Act is the largest piece of legislative reform in American history relating to health care. The impact to our economy on many levels of scale and our constitutional rights are all being questioned and debated without a definitive answer to long term reality of its implications. Reform is necessitous to the continuance of providing care, controlling fraudulent activities and waste, as well as, exploring new innovative ways to maintain a high level of quality services within the legalities of our legislative branch. The balance of these aspects have been challenging and perplexing in materializing the reforms into fruition. The concentration during reform has been on quantity of the insured......

Words: 4064 - Pages: 17

Affordable Care Act

...Protection & Affordable Care Act (PPACA) The Patient Protection & Affordable Care Act (PPACA), also know as Affordable Care Act, is a law that was brought into effect to improve the way of the Health care system as well as Medicare and Medicaid. Which was signed in March 2010 by President Barack Obama. This law allow the uninsured and middle class workers to be able to afford health coverage. It also allows existing insurance holders to be able to keep their plans. This act consist of ten amendments, listed below: Title I: Quality Affordable Health Care for all Americans. Helps all Americans get an affordable health plans with lower premium cost. This plan helps middles class, working class, and small businesses be able to control their insurance coverage. Also if they already have a plan that they have been using their coverage is procted from change. Title II: The Role to Public Programs: This helps our elderly people and people that need long-term care. The more people that get insurance we are actually saving money due to the reduction in payments and medication cost. It also helps educate woman and teens about pregnancy. Such as, family planning, teen pregnancy, postpartum depression, and CHIP (Childrens insurance plan). This reform also assist in improving our Medicaid system, as well as helping and assisting with community based services and people with disabilities. Title III: Improving the Quality& Efficiency of Health......

Words: 781 - Pages: 4

Affordable Care Act

...Regulatory Health Issue: Affordable Care Act Regulations There are many, critical regulatory issues in healthcare that need to be addressed. “While the Supreme Court weighs the constitutionality of the Affordable Care Act, Congress is holding hearings on the federal regulatory process. The two topics are more closely related than you might think” (Ellig). The one that jumps out to me and needs addressed more in-depth is the regulation of the payments for healthcare. As well as, the actual regulatory process and how certain sections of the healthcare system are picked, need to be regulated. Not only is the regulation of this part of the healthcare system have many issues but in general choosing what to regulate and the actual process of research needs looked into. Regulating parts of the healthcare system is done to ensure that healthcare facilities, and businesses, laws, and acts are properly dealt out. There needs to be rules for laws, so that everyone is treated fairly and equally. The article explains that there was not enough research done to require new or improved regulatory requirements. The Affordable care act was put in place by President Barrack Obama to ensure that all Americans have the ability to purchase insurance for themselves and their families. It was put into play to see that it was affordable and did not discriminate against age, race, sex, and illness. Some of the regulations made were ensuring that insurance companies could not deny coverage to......

Words: 714 - Pages: 3

Affordable Care Act

...INTRODUCTION TO HEALTH CARE ADMINISTRATION Obamacare Kayla Yonamine This paper is about the issues health care in the United States faces now that Obamacare is being put into action. Our group was able to meet with Dr. Curt Barr, who works at Creighton University and has owned numerous pharmacies. The biggest issues that Obamacare poses are the Medicare budget cuts, the employer mandate, and the increasing amount of money our nation spends on health care. Dr. Barr and I had some suggestions that could help people transition to Obamacare better and have a better understanding about their own health care. For our research papers, my group was lucky enough to meet with Dr. Curt Barr. Dr. Barr is a Creighton University graduate and received his pharmacy degree in 1974. He comes from a family of doctors and initially wanted to be a physician as well, but could not get into medical school. There was a need for pharmacists at the time, and Creighton accepted him into their Pharmacy School, without him even applying. He was either going to move to Kansas City to accept a managerial job or accept Creighton’s Pharmacy School offer. He decided that he would try out pharmacy school and ended up thoroughly enjoying it. Dr. Barr is extremely friendly and has a great sense of humor. He made all of us feel very comfortable and answered all of our questions without any hesitation. Dr. Barr is approachable and very knowledgeable when it comes to health care and pharmacy......

Words: 1821 - Pages: 8

The Affordable Care Act

...Running head: THE AFFORDABLE CARE ACT The Affordable Care Act, Is it Really Working? Saint Leo University THE AFFORDABLE CARE ACT 2 Abstract On the 23rd of March 2010, President Barack Obama signed a monumental bill into law. That bill was the Affordable Care Act, better known as Obamacare by those who opposed the law. The purpose of this law is to make health insurance affordable for those who have little or no health insurance coverage. In 2012 nearly 15% of the U.S. population had no health insurance during most of the calendar year (www.aier.org). So if the purpose of this law is to better ourselves by providing health insurance why are there so many people opposing it? You would think in the land of milk and honey you would want people to be healthier and long living. Or is the reason because the big health insurance companies feel they are having food taking out of their mouths and the mouths of their supporters. THE AFFORDABLE CARE ACT 3 The Affordable Care Act was signed into law to reform the health care industry on the March 23rd 2010 by President Obama. The Affordable Care Act was a major topic during the 2008 Presidential primaries. The goal for the Affordable Care Act was to give more American access to affordable health insurance which in turn...

Words: 1960 - Pages: 8

Affordable Care Act

...Affordable Care Act Myer Mikan Alden University Abstract The Affordable Care Act (ACA) in North Carolina: Discussion points; 1) The impact of this act on the population. 2) The economics of providing care to patients from the organization point of view.3) The effect of cost of treatment, quality of treatment and access to treatment. 4) Examining the ethical implications of this act for both the organization and the patients. Affordable Care Act Impact As we all know before the Affordable Care Act came into existence in 2010, the federal and state programs that provided health insurance, and social welfare funding are the Medicaid and Medicare. However, a new legislature was enacted into law by President Barack Obama in 2010 to extend health insurances across all demographic ladder as well as all income levels thereby making health insurance flexible and affordable. “Over 45 million Americans who are uninsured speak volumes about the problems with our present Healthcare system” (Rashford, 2007). This new law that is widely referred to as the Obamacare aimed at providing Americans with affordable quality health insurance and to reduce the high cost of healthcare spending in the United States. This new insurance as argued by the government offers a lot of new benefits, rights and protection rules for insurance companies, tax breaks ...

Words: 1002 - Pages: 5

Aca- Affordable Care Act

...According to this article, the Congressional Budget Office (CBO) released an updated federal budget outlook for the next 10 year “budget window”, during the week of February 3rd, 2015. Detailed in this report were some revisions to the previous baseline projection for the effects of the Affordable Care Act (ACA). A more defined explanation and history of ACA: Federal health reform uses an approach that starts with the health insurance system we currently have in place in the United States. Health reform builds upon our current health insurance system to provide more people with access to health insurance coverage, establish legal protections for consumers, and set up mechanisms for consumers to shop knowledgeably for insurance. On July 14, 2009, House Democratic leaders introduced a 1,000-page plan for overhauling the US health care system, which Obama wanted Congress to approve by the end of the year. After much public debate during the Congressional summer recess of 2009, Obama delivered a speech to a joint session of Congress where he addressed concerns over his administration's proposals. In March 2010, Obama gave several speeches across the country to argue for the passage of health care reform.   After Obama announced an executive order reinforcing the current law against spending federal funds for elective abortion services, the House passed the version of the bill previously passed on December 24, 2009, by a 60-vote supermajority in the Senate. The bill, which......

Words: 1755 - Pages: 8

Affordable Care Act

... Affordable Care Act Student’s Name University Affiliation Affordable Care Act Analyze the impact of the ACA on changes to health care insurance and coverage. The Affordable care act better known as the Obama Care Act is a health care law that was signed into law by President Obama on 2010. Since the implementation of this law, there have been major changes in the platform of health insurance (Faguet 2013). The major aim of this act was to make changes to health and make it affordable to the people. Since the implementation of the act, very many Americans have had access to healthcare insurance coverage. With the implementation of the affordable care act, various factors in insurance have changed. The first change in insurance that has been experienced is the individuals who receive cover. The act has made it possible for every individual even the low-income individuals to access insurance. The second change is what is covered by the insurance. Under the ACA, coverage is only accorded to essential health benefits contrary to earlier on where almost everything was covered but for a few people. Finally, there have been new regulations for insurance. The new regulations include limitation of premium. Investigate the major implications of the legislation on the manner in which institutions now provide health care in the U.S. There have been major fuses on the lowered quality of healthcare that came with the act. First service provision has been affected since......

Words: 311 - Pages: 2

Affordable Care Act

...Affordable Care Act Obamacare The Affordable Care Act also known as Obama Care is the most significant health care legislation enacted since the beginning of Medicare and Medicaid forty five years ago. The Affordable Care is one that is very confusing and least understood. I think most Americans understand that all Americans will need to get health insurance in some way, but Americans don’t really know much else about this law. This act will not benefit everyone, however those who were previously uninsured or underinsured will benefit the most from the act. Also, those previously denied health coverage because of a pre-existing health condition may now be insured. While the Affordable Care Act is a federal law, the details of how it’s implemented are much left up to the local state government. Many Americans will not benefit from the Affordable Care Act because they fall under a coverage gap meaning that they live in states that do not have expanded Medicaid coverage, they make too much money to qualify for federally sponsored insurance, or they not old enough to qualify for Medicare yet. Nationwide about three million uninsured adult Americans fall into the coverage gap, because local state government decisions not to expand Medicaid, meaning their income is above current Medicaid eligibility but below the lower limit for Marketplace premium tax credits. These individuals would have been newly eligible for Medicaid had the local state government chosen to expand the......

Words: 1230 - Pages: 5

Affordable Health Care Act

...The Impact of the Affordable Care Act on North Carolina's Uninsured Population Wendy Patterson Walden University Policy & Advocacy for Population Health NURS 6050-13 Dr. Joan Moon June 30, 2015 The Impact of the Affordable Care Act on North Carolina's Uninsured Population In a speech delivered in the Rose Garden, President Obama stated, “Five years ago, after nearly a century of talk, decades of trying, a year of bipartisan debate -- we finally declared that in America, healthcare is not a privilege for a few, but a right for all” (US News, 2015). This paper will discuss the impact of the Affordable Care Act (ACA) on the population of North Carolina, the economic impact of providing care to patients from the provider’s point of view, how patients will be affected in relationship to cost, quality, and access to treatment, and what the ethical implications of ACA means for both the provider's and the patients. The Impact of the Affordable Care Act on the Population in North Carolina According to a fact sheet published by the Kaiser Family Foundation, the ACA has the potential to extend coverage to many of the 47 million nonelderly uninsured people nationwide, including the 1.6 million uninsured in North Carolina (KFF, 2015). Although the ACA was signed into law declaring that it was a right for all to have health insurance, individual States had the option of whether to expand coverage for Medicaid recipients. “Being poor, unemployed, or homeless did......

Words: 1826 - Pages: 8

Obama’s Affordable Care Act

...Running head: OBAMA’S AFFORDABLE CARE ACT EX CREDIT SOCW Name: Course: College: Tutor: Date: Obama’s Affordable Care Act It is hard to say whether this law as passed is the perfect model for the US or if there should be further amendments. One thing is clear though, the healthcare system needs (needed) an overhaul. In order to assess whether I agree with the ruling or not I need to go through the main aspects of the Act. I will thereafter compare it with what is generally agreed to be the best healthcare system in the world “the Santésuisse” of Switzerland. Key points in “obamacare” are 1. Individual Mandate: The requirement for every individual to buy health insurance by 2014 or face Penalties. (Referred to as Tax in the ruling). As Obama says in his speech, “First, when uninsured people who can afford coverage get sick, and show up at the emergency room for care, the rest of us end up paying for their care in the form of higher premiums.” Insured Americans may therefore be avoiding a rise in premiums that may have come about if the high court had rejected the individual mandate but left other requirements on insurers intact.(Obama,2012) 2. Health care exchanges: Are designed to offer cheaper health care plans, in conjunction with the states and CMS (Centers for Medicare and Medicaid Services) 3. Medicaid: This joint State & Federal program that provides up to 50million citizens with insurance will widen its scope by increasing the income......

Words: 661 - Pages: 3