The Affordable Care Act

Superior Essays
The Patient Protection and Affordable Care Act or more commonly known as Obamacare, was implemented on March 23, 2010. The Affordable Care Act is meant to “provide affordable, quality health care for all Americans and reduce the growth in healthcare spending, and for other purposes” (“Health Care Reform Timeline”). The plan is to reform and rebuild the national health care system. The health care system must be reformed because millions of people are without health insurance since it is too expensive. Many drug prescriptions are not affordable, leaving many people without the proper treatment. Obamacare also hopes to reduce spending and the cost to taxpayers. Another reason plans like Obamacare are needed is so insurance companies do no have …show more content…
The America’s Healthy Future Act changed the Social Security Act and added a new title XXII, which is the Health Insurance Coverage, to ensure that all Americans have affordable health care coverage. In fact, the American Healthy Future Act was done by Senator Max Baucus. The American Healthy Future Act had health benefit plans that were being offered to individuals and small group markets on a guaranteed issues and guaranteed renewal basis. Even though it had similarities to the Affordable Health Care Act, thirty-nine Republicans voted against the American Healthy Future Act (“Congress.gov”). Finally, in January 2010, Scott Brown, who is a Republican, won the election in Massachusetts to finalize the terms of Ted Kennedy, the US Senator. Senator Brown was against the health care law. However, he still won in a primarily …show more content…
Brand name prescriptive drugs were discounted 50 percent in addition to a discount that will close the gap by 2020. Employers with less than 25 employees and an average wage of less than $50,000 because eligible for a sliding scale tax credit; however, this only happens if the organization provides health insurance and pays at least 50 percent of the cost. Another change in the year 2012 because of the Affordable Health Care Act is that non for profit insurance partners were asked to challenge commercial insurers with a lower premium. Individuals also saw a reduction in Medicare reimbursements to hospitals that have higher rates of patient re-admissions. Under the Affordable Health Care Act, we saw in 2013 the contributions to tax-sheltered flexible spending accounts minimized to $2,500 that year; there was also a reduction in medical expenses above 7.5 percent of income for individuals over 65 years old. Furthermore, a 3.8 percent surcharge on investment income was applied to individuals that make over $200,000. With this tax increase, it brought $210 billion to help fund the health reform program. Going down the timeline, we can see that in 2014, insurance companies were forbidden from denying health care coverage to those with a pre-existing condition or, refusing to renew health care

Related Documents

  • Superior Essays

    Pros And Cons Of Obamacare

    • 1244 Words
    • 5 Pages

    A positive is that Obamacare is going provide health insurance for millions of Americans. The negative to that is for that to happen, rich people in America must have new taxes to pay. A positive is that Obamacare makes it to where you cannot be denied if you are sick or need help. A negative to that is since all insurance companies have to insure sick people; it will make the cost of everyone’s insurance increase. Another positive is that Obamacare makes it possible for almost all Americans to have health care.…

    • 1244 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Obama Care paints a rose colored solution to healthcare issues while piercing its thorn at its side. Obama Care provides benefits such as low cost and affordable health insurance for over 15 million previously uninsured Americans with low income but it damages the health care industry overtime. This is because by providing cheap Medicare, the health care sector would run low on profits and funds. The Obama Care act dictates a $716 billion cut on Medicare funds in the next 10 years. But in order to fix this problem an increase in tax would be placed on health providers and beneficiaries whose funds have been cut, which in turn would increase the price of health services for the remaining population including senior…

    • 1007 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    If we buy less health insurance, our taxes go up. Further, for someone in the 30% tax bracket, the incentive is to buy insurance until it’s worth only 70 cents on the dollar. For someone in the 50% bracket (which is where most of the decision makers are) the incentive is to buy insurance until its worth only 50 cents on the dollar”…

    • 1478 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    Affordable Care Act

    • 1581 Words
    • 6 Pages

    The Patient Protection and Affordable Care Act, also known as “Obamacare,” was created to provide affordable health care coverage to millions of uninsured Americans. This act has brought along many problems since its passing. In the beginning, many people believed that the United States healthcare system needed to be reformed in some way (“Affordable Care Act” n.p.). Far too many Americans lacked health insurance, and to most people, this was unacceptable for the United States (Friedman 52). However, there was much opposition to it, as it was passed without a single republican vote.…

    • 1581 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Based on my nine year experience in the healthcare industry, Medicaid and Medicare’s patients are the ones demand the most care. However, doctors find it hard to provide timely care to these patients the law requires pre-authorization for many procedures and medications. In addition, patient covered under Medicaid has experience adequate to care even before the law became effective, this is due to the low reimbursement rates paid by the government. So does reducing the reimbursement rates, which is one of the factor contribute to health care provider shortages will create a better access to care for these…

    • 708 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    Unaffordable Health Care

    • 1454 Words
    • 6 Pages

    Most people have notice that health care has change and making health care unaffordable. The government needs to find a better plan to lower health care for Americans. With the health care prices increasing most Americans are going without proper care or without health care at all. Health care in the United States has become unaffordable to most Americans due to the increase of co-payments and deductibles; however, where some Americans may be able to receive Medicaid or health care through the exchange, most Americans are still uninsured due to the increasing cost of health care. In recent years’ health care, has changed in many ways.…

    • 1454 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    The Affordable Care Act, known colloquially as Obamacare, was enacted in 2010 and is one of the biggest regulatory changes in the United States healthcare system since 1965. The many goals of the Affordable Care Act included: regulate the healthcare industry, provide Americans with inexpensive health insurance, and increase the quality of healthcare and health insurance in the United States. Obamacare also introduced the Health Insurance Marketplace, a place where individuals can learn about health coverage plans, compare health insurance options, and both choose and enroll in coverage. One of the main benefits of the Affordable Care Act is it allows young adults to stay on their parent’s health insurance plans until they turn 26, which…

    • 709 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Medicaid Case Study

    • 954 Words
    • 4 Pages

    The first is the cost of the expansion itself and the second is the cost of providing Medicaid coverage to individuals currently eligible for the program but not enrolled” (p. 2). Medicaid enlargement has a very high cost on some State budgets, however, some have preferred that the money should be spent on other needs. Also, suggested that a lot of governors do not want the expansion of…

    • 954 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The current plans offered through this Act make it increasingly expensive for people to seek medical care. As a result, nearly 25% of people are avoiding going to the doctor and receiving preventative services. In assessing the long-term changes to health care the Affordable Care Act will have, it is possible that the Affordable Care Act will make preventative care more affordable and accessible in the future. In making preventative care more accessible and affordable, the average life expectancy in the United States could increase and the amount of money that the government spends on health care could decrease. Yet in order for these changes to occur, there needs to be some alterations to the current plans offered by the Affordable Care Act, in order to ensure that this act is indeed making health care more affordable and accessible for people throughout the United…

    • 1139 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The original goal of Obama Care is that it was originally designed to get health care to about 10 million people of out 30 million who do not have access to health care. That was the goal. But, people end up being without healthcare. Then the law will be a failure. The law can be a success.…

    • 1464 Words
    • 6 Pages
    Improved Essays