The Affordable Care Act aims to achieve the following goals: Improve the quality of healthcare and patient safety Make coverage more secure for those who have insurance, and extend affordable coverage to anyone that is uninsured Ensure access to quality, culturally competent care for all American demographics Reduce the growth of healthcare costs while promoting high-value, effective care Emphasize primary and preventive care associated with community prevention services Promote the adoption and usefulness of health information technology The Affordable Care Act, often referred to as Obamacare, has been dominating headlines for the past few months, especially with all the issues related to the launch of the Health Insurance Marketplace.
The act aimed to provide affordable health insurance coverage for all Americans. The ACA was also designed to protect consumers from insurance company tactics that might drive up patient costs or restrict care. Millions of Americans have benefitted by receiving insurance coverage through the ACA.
Many of these people were unemployed or had low-paying jobs.
The ACA has been highly controversial, despite the positive outcomes. Conservatives objected to the tax increases and higher insurance premiums needed to pay for Obamacare. Some people in the healthcare industry are critical of the additional workload and costs placed on medical providers.
They also think it may have negative effects on the quality of care. There are frequent calls for the ACA to be repealed or overhauled. Young adults make up a large percentage of these newly insured people. Health Insurance Is More Affordable for Many People Insurance companies must now spend at least 80 percent of insurance premiums on medical care and improvements.
The ACA also aims to prevent insurers from making unreasonable rate increases. They said this was because the illness or injury occurred before you were covered by their plans.
Under the ACA, you cannot be denied coverage because of a pre-existing health problem. Insurance companies set limits on the amount of money they would spend on an individual consumer. Insurance companies can no longer maintain a pre-set dollar limit on the coverage they provide their customers.
These usually have low co-pays or deductibles.
Healthier consumers will lead to lower costs over time. For example, a diabetes screening and early treatment may help prevent costly and debilitating treatment later. Christopher Lillis, an internist in Virginia and a member of Doctors for America.
Many people, particularly senior citizens, are unable to afford all their medications. The number of prescription and generic drugs covered by the ACA is growing every year. Cons Many People Have to Pay Higher Premiums Insurance companies now provide a wider range of benefits and cover people with pre-existing conditions.
This has caused premiums to rise for a lot of people who already had health insurance. The fine is expected to increase over time. ACA supporters argue that not having insurance passes your healthcare costs on to everyone else.
Additional taxes were also created for people with high incomes. Funding also comes from savings in Medicare payments. The wealthy are helping to subsidize insurance for the poor.
Some economists, however, predict that in the long term, the ACA will help reduce the deficit and may eventually have a positive impact on the budget. This made it difficult for people to enroll and led to delays and lower-than-expected signups. The website problems were eventually fixed, but many consumers have complained that signing up for the right family and business coverage can be tricky.
Many hospitals and public health agencies have set up programs to help guide consumers and business owners through the setup process. The ACA website also has sections devoted to explaining the procedures and available options.
The number of full-time jobs has gone up in recent years, but there are still reports of businesses cutting hours from employee schedules.
Business with 50 or more full-time employees must offer insurance or make payments to cover healthcare expenses for employees. By reducing hours, businesses are able to get by the hour-per-week definition of a full-time employee.
The legislation can be amended, and budget decisions can affect how it is implemented. Changes in the healthcare field, along with changes to the political makeup of future presidential administrations and Congress make it likely that the ACA will be tinkered with for years to come.On March 23, , the Patient Protection and Affordable Care Act was signed into law by the president.
Barrack Obama’s administration has been working on the Affordable Care Act throughout his entire term with the hopes of changing healthcare for the better.
Whether you agree or disagree with. Americans are engaged in an intense national debate over the Patient Protection and Affordable Care Act of (ACA, popularly known as “Obamacare”).
The Affordable Care Act (ACA) offers incentives, such as tax breaks and tax credits via the Small Business Health Options Program (SHOP), to small businesses with the equivalent or less than 25 full-time workers, making less than $50, in average annual wages, to . In December , the Tax Cuts and Jobs Act repealed the tax on those who don't get insurance. Millions of healthy individuals may drop their plans when the law becomes effective in Here's a balanced list of advantages and disadvantages of the Patient Protection and Affordable Care Act of An estimated 30 million Americans are expected to gain health insurance through the Affordable Care Act (ACA), and a healthy and sizable workforce will be needed to meet the increased demand.
Dec 16, · New Duke Study Confirms Obamacare's Negative Impact On The Economy - Lou Dobbs Chalk Talk - Duration: Mass Tea Party - Wake Up America!
1, views. In December , the Tax Cuts and Jobs Act repealed the tax on those who don't get insurance. Millions of healthy individuals may drop their plans when the law becomes effective in Here's a balanced list of advantages and disadvantages of the Patient Protection and Affordable Care Act of Jan 01, · American Action Forum (AAF) research finds that Affordable Care Act (ACA) regulations are reducing small business (20 to 99 workers) pay by at least $ billion annually.
In addition, ACA regulations and rising premiums have reduced employment by more than , jobs nationwide, with five states losing more than 20, jobs. IRS Health Care Tax Tip , January 29, Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year.
The following chart will help you better understand how the health care law affects you and everyone on your return.