Essay on Effects Of The Affordable Care Act
The effects of the Affordable Care Act in each state depend on various factors, such as the number of uninsured individuals in the state and the governor’s receptiveness to the law’s provisions. Moreover, in New Mexico, the uninsured rate dropped by about “22 percent from 2013 to 2014 (Effect of the Affordable Care Act in New Mexico).” Total enrollment in the state’s new health reform was about “44,000, which was 28 percent of the total estimated number of potential marketplace enrollees in 2015 (Effect of the Affordable Care Act in New Mexico).” Also, recent Census data shows that the uninsured rate in New Mexico in 2015 was “10.9 percent down from 19.6 percent in 2010” (Effect of the Affordable Care Act in New Mexico).
Additionally, in 2015, New Mexico’s premiums appeared to be stabilized. Under ACA, New Mexico has received $7,204,929 under the new law to help fight unreasonable premium increases. To date, ACA’s rate review program has helped save New Mexicans an estimated “$1.1 billion in the individual market and $418 million in the small group market (Secretary, H. O., 2013).” Furthermore, under ACA’s initiative to ban insurance companies from imposing lifetime dollar limits on health benefit, already, “555, 000 people in New Mexico, including 213,000 women and 148,00 children, are free from worrying about lifetime limits on coverage (Effect of the Affordable Care Act in New Mexico).”
More specifically, the implementation of ACA resulted in 401,000 Americans…